Your friend, Maria Cottonwood, has designed a new type of fire extinguisher that is very small and

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Your friend, Maria Cottonwood, has designed a new type of fire extinguisher that is very small and easy to use. It will target two groups of people: people who have trouble operating heavy, traditional extinguishers (e.g., the elderly or people with disabilities) and people who need to store extinguishers in small spaces such as a vehicle. Maria has come to you for help in getting her idea off the ground. She has never managed a business before and she is not sure what functions she will need to perform to make her venture successful.

Required:
Briefly explain to Maria the three major functions of management. For each function, give three examples of questions that Maria will need to answer to make her business venture a success.

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Managerial Accounting

ISBN: 978-0078025518

2nd edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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