Podcast
Questions and Answers
Planning and controlling are two management functions that do not have any relationship with each other.
Planning and controlling are two management functions that do not have any relationship with each other.
False (B)
Long-term plans are not reflected in a company's business strategy.
Long-term plans are not reflected in a company's business strategy.
False (B)
Quantified plans, such as budgets and projected financial statements, are considered useless for monitoring performance.
Quantified plans, such as budgets and projected financial statements, are considered useless for monitoring performance.
False (B)
If actual performance falls short of budgets or projections, management is considered not to be functioning properly.
If actual performance falls short of budgets or projections, management is considered not to be functioning properly.
The controlling function in management plays a role in comparing budgets and projected financial statements with actual performance.
The controlling function in management plays a role in comparing budgets and projected financial statements with actual performance.
Identifying reasons for not meeting projections focuses solely on management incompetence.
Identifying reasons for not meeting projections focuses solely on management incompetence.
Setting goals and identifying ways to achieve them is the main focus of management controlling.
Setting goals and identifying ways to achieve them is the main focus of management controlling.
Short-term plans are not part of the process of management planning.
Short-term plans are not part of the process of management planning.
