Indicate whether each of the following management activities in a department store is part of planning (PL),

Question:

Indicate whether each of the following management activities in a department store is part of planning (PL), performing (PE), evaluating (E), or communicating (C):

1. Completing a balance sheet and income statement at the end of the year

2. Training a clerk to complete a cash sale

3. Meeting with department managers to develop performance measures for sales personnel

4. Renting a local warehouse to store excess inventory of clothing

5. Evaluating the performance of the shoe department by examining the significant differences between its actual and planned expenses for the month

6. Preparing an annual budget of anticipated sales for each department and the entire store

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...