Question

Itumeleng runs a fast-food restaurant, Fresh Bites, which has seen rapid growth over the past year. However, with this growth, there have been some issues with sticking to the allocated budgets for various departments, and she notices that some expenses are not being tracked properly. To ensure the business stays on track financially, Itumeleng needs to put in place a system that allows her to monitor spending against set budgets and standards, ensuring her company stays within its financial limits and meets its goals.

Which managerial function of financial management is depicted in the scenario?

A.
Financial activating



B.
Financial controlling

C.
Financial organising



D.
Financial planning

Answer 1

The scenario described involves Itumeleng needing to monitor spending against set budgets to ensure her company's financial health and adherence to its financial limits. This process clearly pertains to overseeing expenses and ensuring that they remain within established parameters, which is indicative of financial controlling.

Therefore, the correct answer is:

**B. Financial controlling**