DECA+ Business Management and Administration Practice Exam 2025 - Free Business Management Practice Questions and Study Guide

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Which of the following can be categorized as a core function of management?

Creating financial audits

Developing customer service protocols

Formulating company vision and goals

Formulating company vision and goals is indeed a core function of management because it encompasses strategic planning, which is fundamental to guiding an organization. This function entails defining the long-term direction of the company and establishing what it seeks to achieve. By setting a vision and specific goals, management provides clarity and purpose, aligning resources and efforts towards achieving those objectives.

In contrast, while creating financial audits, developing customer service protocols, and adjusting market prices are important operational tasks within an organization, they do not encapsulate the broader strategic vision that management needs to establish. These tasks support the overall function of management but do not define its core function, which is primarily about setting the direction and priorities for the organization as a whole.

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Adjusting market prices

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