12th Grade > Business Studies
CONTROLLING MCQs
Hina Sweets is a renowned name for quality sweets since 1935. Harsh, the owner of Hina Sweets was worried as the sales had declined during the last three months. When he enquired with the Sales Manager, he was told that there were some complaints about the quality of sweets. So, Harsh ordered for sample checking sweets. ___ is the step taken by Harsh that is related to one of the functions of management.
:
Measurement of actual performance is the step taken by Harsh.
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Management by exception is based on the above belief.
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Key result areas are the areas which are critical and very important for the success of the organisation.
:
B
Controlling is dependent on planning.
:
A
False. A manager must focus on key points and not waste time and energy on checking everything in detail.
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Management by exception principle of management control suggests that an attempt to control everything results in controlling nothing.
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B
Management information system improves the quality of information available to managers and avoids information overload as only relevant data is provided to them.
:
B
Key Result Areas are those areas which are critical to the success of an organisation and affect the profits significantly.
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C
Managers can get both an estimate of time and dependencies by using PERT and CPM methods.
:
C
Planning is an empty exercise without controlling because, in the absence of a control system, it is impossible to monitor the progress and keep a check on the proper implementation of plans.