Final answer:
The CEO of ABC Company who reviews the performance of her company in the past month's Profit & Loss Statement is engaged in the function of controlling.
Step-by-step explanation:
The CEO of ABC Company who reviews the performance of her company in the past month's Profit & Loss Statement is engaged in the function of controlling.
Controlling is the process of monitoring and evaluating organizational performance to ensure that goals are being met. By reviewing the Profit & Loss Statement, the CEO is assessing the financial performance of the company and comparing it to the company's sales and profitability goals. This allows her to determine if the company is on track.
For example, if the CEO finds that the company's sales are lower than expected or profitability is declining, she may need to take corrective action such as implementing cost-cutting measures or revising sales strategies to get the company back on track.