5 Questions
What is the relationship between planning and controlling according to the principle of the reflection of plans?
They are like 'Siamese twins' because they are inseparable and interconnected functions.
Define controlling in the management process according to the principle of the reflection of plans.
Controlling is the process of ensuring that the plans developed during the planning phase are executed effectively.
How does controlling ensure alignment with established plans?
Controlling is about monitoring and regulating activities to ensure they align with the established plans.
Explain the principle of 'cost control must be based on planned costs' using an example.
When an organization creates a budget or sets financial targets during the planning phase, these planned costs become a benchmark for controlling purposes.
What does controlling the costs involve according to the principle of the reflection of plans?
It involves comparing the actual expenses incurred during the implementation of plans with the budgeted or planned costs.
Test your understanding of the principle of the reflection of plans with this quiz. Explore the interconnectedness of planning and controlling in the management process and assess your knowledge of how controlling ensures effective execution of plans.
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