Final answer:
The four managerial functions are planning, organizing, leading, and controlling, each with distinct responsibilities and examples such as creating a new menu, delegating kitchen duties, motivating staff, and monitoring costs and satisfaction in a restaurant scenario.
Step-by-step explanation:
The four managerial functions include planning, organizing, leading, and controlling. An example of planning would be a manager at a restaurant deciding on a new seasonal menu based on forecasted food trends. As for organizing, that same manager might assign duties to staff members to ensure efficient workflow in the kitchen and dining area.
When it comes to leading, the manager may motivate the team through pep talks and by setting a positive example, which keeps staff morale high during busy shifts. Lastly, in terms of controlling, the manager will check food costs and customer satisfaction rates to ensure the restaurant is on track to meet its financial and service goals.