Which function of management completes the management cycle?

1

(a)

Controlling

Which function ensures accomplishment of work according to plans?

1

(a)

Controlling

Control system loses its effectiveness when standards are to be defined in qualitative terms. What difficulty does this situation create? 

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(a)

Standards defined in qualitative terms make measurement of performance and their comparison with standards, difficult.

State some of the disadvantages of controlling.

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(a)

Following are the disadvantages of controlling:

(i) Difficulty in setting quantitative standards.

(ii) Little control on external factors.

Which function of management is required by controlling to complete its meaning?

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(a)

Planning.

Name the concept, which suggests that only significant deviations which go beyond the permissible limit should be bought to the notice of management.

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(a)

Management by exception.

If a manager sets critical points and focuses on significant deviations which cross the permissible limit, then in this case which advantage he can avail?

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(a)

The manager can save his time and effort as he is dealing with significant deviations only.

If in ABC Ltd, existing machinery is defective and because of it, production unit is unable to achieve the set target. What step should a company take?

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(a)

The company should replace or repair the existing machinery.

What is meant by 'deviation' in controlling?

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(a)

Deviation in controlling process, may be defined as the difference between the set standard and the actual performance.

What is important while analysing deviations in controlling?

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(a)

While analyzing deviations in controlling, it is important to determine the acceptable range of deviations.

Explain the meaning of controlling. State some of its objectives.

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(a)

ILT Ltd is a small enterprise. Suggest whether this company can afford to install an expensive control system or not.

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(a)

A car manufacturing company sets a goal that in future, they will expand their production by 15%. After measuring the performance, they noticed that the production has declined by 10% and the raw material is wasted by the production department.

Relate it to the concept of controlling and which values are ignored in this case? 

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(a)

Explain how 'critical point control' helps in the controlling process.

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(a)

'Controlling is a systematic process involving a series of steps'. State the steps involved in the process.

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(a)

Explain the various steps involved in the process of controlling.

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(a)

'Taking remedial action' is the last step in the process of one of the functions of management. Identify the function and explain the steps of this process.

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(a)

'Control requires a systematic process'. Explain this statement.

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(a)