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Controlling Test - 10

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Controlling Test - 10
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Which one of the following is not correctly matched?
    Solution
    Accounting refers to preparing proper accounts of the company and auditing it thereafter. It has nothing to do with the programs to enhance the renewable resource of the business.
    Hence, option (C) is the correct answer.
  • Question 2
    1 / -0
    Management audit is a technique to keep a check on the performance of ________.
    Solution
    Management audit is a technique in which professionals are called by the company to keep a check on the performance of the management of the company and prepare a performance appraisal report for the same.
  • Question 3
    1 / -0
    For proper control it is required that _________.
    Solution
    Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or differences. So for proper controlling actual performance is measured properly, the reasons for deviations are analyzed and then corrective measures are taken. 
    Hence, option D is correct.
  • Question 4
    1 / -0
    Evaluating an employee on the basis of preference against the agreed goal is _______ type of management.
    Solution

    Management by objectives is a way of managerial control where management of people and work is done by keeping in mind the objectives of the business and preparing controlling analysis from time to time to judge the accuracy of the initial set standards. In such a process, the employees prepare their own performance appraisal to match it with the standards set by their supervisors.

    Hence, option B is correct.

  • Question 5
    1 / -0
    _____________ helps the personnel manager to evaluate the performance of personnel department.
    Solution
    Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. In such a process, the employees prepare their own performance appraisal to match it with the standards set by their supervisors. 
  • Question 6
    1 / -0
    An efficient control system helps to____________.
    Solution

    Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. The main objectives of an efficient controlling system are:

    1. Making efficient use of resources 

    2. Helps in achieving organisational objectives 

    3. Judging the accuracy of standards 

    4. Facilitate coordination in action.

  • Question 7
    1 / -0
    Which one of the following is not correct about control?
    Solution

    Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. The features of controlling are:

    1. It takes place at every managerial level 

    2. Helps in achieving organisational objectives 

    3. It is a continuous process due to its effective relation with planning


  • Question 8
    1 / -0
    Which of the following is NOT the importance of controlling?
    Solution

    Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. The importance of controlling areas are:

    1. Making efficient use of resources 

    2. Helps in achieving organisational objectives 

    3. Judging the accuracy of standards 

    4. Facilitate coordination in action 

    Therefore, it does not deal with the issues of managerial authority. 

  • Question 9
    1 / -0
    In management the last management function is _________.
    Solution
    Controlling is the last management function which can be defined as the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. So for proper controlling actual performance is measured properly, the reasons for deviations are analyzed and then corrective measures are taken.
  • Question 10
    1 / -0
    Which one of these is not a traditional method of controlling?
    Solution
    The following are various methods of control: 
    Traditional control techniques
    • Budgetary control
    • Standard costing
    • Financial ratio analysis
    • Internal audit
    • Statistical control
    • Break-Even point analysis
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