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Questions and Answers
Which of the following best describes the controlling function?
Which of the following best describes the controlling function?
- A process of comparing performance with standard
- A process of monitoring activities and taking action to correct significant variations (correct)
- A process of measuring performance and taking appropriate managerial action
- A process of defining objectives and setting standards
What are the four basic steps involved in the control process?
What are the four basic steps involved in the control process?
- Define objectives, measure performance, compare performance with standard, take appropriate managerial action (correct)
- Set objectives, measure performance, compare performance with standard, take appropriate managerial action
- Define objectives, set standards, monitor activities, take corrective action
- Set standards, measure performance, compare performance with objectives, take corrective action
Why is frequent monitoring important in the controlling function?
Why is frequent monitoring important in the controlling function?
- To ensure corrective action is taken quickly to avoid wasting effort and resources (correct)
- To compare performance with objectives
- To measure performance against set standards
- To set objectives and standards for performance
