Question: Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and

Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively to two other learners.

From the book: The Five Functions of Effective Management by D. Baack, M. Reilly, and C. Minnick.

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