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

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. Respond substantively to two other learners.