Podcast
Questions and Answers
What does controlling refer to?
What does controlling refer to?
- Process of measuring actual performance
- Process of ascertaining whether organizational objectives have been achieved (correct)
- Process of setting organizational objectives
- Process of taking necessary action
What is the importance of controlling?
What is the importance of controlling?
- Taking necessary action
- Setting organizational objectives
- Helping organizations achieve goals in an efficient manner (correct)
- Measuring actual performance
What are the steps in the control process?
What are the steps in the control process?
- Establishing performance objectives and standards, measuring actual performance, comparing actual performance to objectives and standards, and taking necessary action (correct)
- Setting organizational objectives, measuring actual performance, comparing actual performance to objectives and standards, and taking necessary action
- Establishing performance objectives and standards, measuring actual performance, setting organizational objectives, and taking necessary action
- Establishing performance objectives and standards, setting organizational objectives, comparing actual performance to objectives and standards, and taking necessary action
What are examples of performance objectives and standards?
What are examples of performance objectives and standards?
What is the purpose of comparing actual performance to objectives and standards?
What is the purpose of comparing actual performance to objectives and standards?
What is the primary purpose of controlling in an organization?
What is the primary purpose of controlling in an organization?
What does the control process involve?
What does the control process involve?
What is the significance of measuring actual performance in the control process?
What is the significance of measuring actual performance in the control process?
Why is it important to compare actual performance to objectives and standards?
Why is it important to compare actual performance to objectives and standards?
What are the actions taken in the control process based on the results of comparisons?
What are the actions taken in the control process based on the results of comparisons?
Flashcards
Controlling
Controlling
The process of checking if an organization's goals have been reached.
Importance of Controlling
Importance of Controlling
It helps organizations reach goals efficiently by identifying and correcting deviations from the plan.
Steps in the Control Process
Steps in the Control Process
- Set clear targets and standards.
- Measure actual performance.
- Compare performance to targets.
- Take action to correct any gaps.
Performance Objectives & Standards
Performance Objectives & Standards
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Comparing Actual Performance
Comparing Actual Performance
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Primary Purpose of Controlling
Primary Purpose of Controlling
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What the Control Process Involves
What the Control Process Involves
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Significance of Measuring Performance
Significance of Measuring Performance
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Importance of Comparing Performance
Importance of Comparing Performance
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Actions Taken in Controlling
Actions Taken in Controlling
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