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Controlling

Question

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Write main standards to be used in various functional areas.

Solution

Standards Used in Various Functional Areas

Functional Areas i	Standard-1	Standard-2	Standard-3	Standard-4
1. Production	Quality	Quantity	Cost	Individual Production
2. Marketing	Sales Volume	Sales Expenses	Target of Salespersons	—
3. Personnel Management	Labour Relations	Labour Turnover Rate	Absenteeism Rate	Dispute Rate
4. Finance and Accounting	Capital Expenditure	Flow of Capital	Liquidity	—

Some More Questions From Controlling Chapter

Briefly explain the importance of Controlling.

Explain how controlling helps in ‘achieving better co-ordination’ and ‘better planning’.

‘Controlling is an indispensable function of management’. Do you agree? Give four reasons in support of your answer.

If planning is done carefully and accordingly other functions of management are going in the right direction, then there is no need of the controlling function of management. Do you agree with this statement? Give reasons in support of your answer.

How does controlling help in ‘achieving objectives’ and ‘improving employees morale’?

“Controlling is a pervasive function”. Explain.

Does control help in ‘judging the accuracy of standards’ and ‘improving motivation of the employees’? Explain.

Which function of management ensures that actual activities conform to planned activities?

Name the function which reviews the operations in a business unit.

Why is it said that “controlling is a continuous activity”?

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