Explain why the four steps involved in the controlling function are important.

This is two separate discussion questions for MGT330: Management for Organizations.

Question 1:

Steps of Control

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.

Question 2:

Changes in Management

Of the five management functions, which do you expect will experience the most dramatic changes in the next decade? Defend your answer. Which will have the least amount of change? Explain your answer.

Each answer to the questions post should be at least 150 words in length. Support your claims with examples from required material(s) and/or other scholarly resources, and properly cite any references.

If you have any questions please ask. Thank you