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Controlling Test - 11

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Controlling Test - 11
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  • Question 1
    1 / -0
    Which one of the following is known as a technique of controlling?
    Solution
    Break-even analysis is a modern technique used by managers to study the relationship between costs, volume and profits. It determines the probable profit and losses at different levels of activity.
    It is a useful technique for the managers as it helps in estimating profits at different levels of activities.
  • Question 2
    1 / -0
    In which country the zero base budgeting was first evolved?
    Solution
    Zero Base Budgeting was first evolved in the USA in 1970 by Peter Phyrr which is an approach to make the budget from scratch that is zero bases. It is a method of budgeting where all the expenses of a business are justified and approved for each new period of the company. 
    Hence, option B is correct.
  • Question 3
    1 / -0
    The concept of 'zero base budgeting' was introduced in $$1970$$ by _______.
    Solution
    Zero Base Budgeting was first evolved in the USA in 1970 by Peter Phyrr which is an approach to make the budget from scratch that is zero bases. It is a method of budgeting where all the expenses of a business are justified and approved for each new period of the company.
    Hence, option (C) is the correct answer.
  • Question 4
    1 / -0
    Determining of standards of performance and goal is done in _________.
    Solution
    Controlling is a systematic process involving the following steps.
    1. Setting performance standards
    2. Measurement of actual performance
    3. Comparison of actual performance with standards
    4. Analyzing deviations
    5. Taking corrective action
    Thus, determining standards of performance and goal is a part of controlling process of a company.
  • Question 5
    1 / -0
    Control is said to be forward looking because _________.
    Solution
    Control is said to be forward looking because it keeps focusing on future plans, helps learn from the past failure and helps in making new and better plans.
  • Question 6
    1 / -0
    Some of the features of control are __________.
    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 features of controlling areas are:

    1. Making efficient use of secret and valuable resources 

    2. Helps in achieving organisational objectives through management ability 

    3. helps in decentralizing of authority


  • Question 7
    1 / -0
    When Sharmila is comparing actual sales figures with goals established earlier to see if her department met the target, she is performing which of the following functions?
    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 base for controlling function is the goal or the standards set during the planning function. Therefore, Sharmila is performing the controlling function. 
  • Question 8
    1 / -0
    The traditional control techniques are __________.
    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 traditional controlling techniques include 
    • Budgetary controlling refers to the comparison between the actual expenditure and the planned expenditure so that corrective measures can be taken in case of any deviations or difference.
    • Standard costing refers to the comparison between the actual cost and the planned cost so that corrective measures can be taken in case of any deviations or difference in the cost structure of the company. 
    Hence option (D) is the correct answer.
  • Question 9
    1 / -0
    Managers always use these for performance standards during the control process____________.
    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. The base for controlling function is the goal or the standards set during the planning function. 
    Hence, option (D) is the correct answer.
  • Question 10
    1 / -0
    _________ is the process of adjusting future actions based upon information about past performance.
    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. It is a process of monitoring performance of the employees and taking action to ensure desired results. Therefore, it adjust future action through past performance. 
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