Controlling Test

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Controlling Test - 16

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following is incorrect regarding control?

A
Controlling is backward looking.

B
Controlling exists at every management level.

C
Controlling is a continuous activity.

D
Purpose of controlling is positive.

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. Controlling is a managerial function that follows every other function as it is the controlling function that make sure that every other managerial function is achieved efficiently. Therefore, controlling is forward looking as it ensures efficiency in future course of actions through past experiences of the organisation.
Question 2
1 / -0

________ may be defined as the systematic and dispassionate examination, analysis and appraisal of management's overall performance.

A
Financial audit

B
External audit

C
Performance audit

D
Management audit

Solution

Management audit refers to systematic appraisal of the overall performance of the management of an organisation. The purpose is to review the efficiency and effectiveness of management and to improve its performance in future periods.
Question 3
1 / -0

Planning and controlling are closely linked to each other.

A
False

B
Partly true

C
True

D
None of aboveq

Solution

True.
Planning means deciding in advanced what is to be done, when it is ti be done, how it is to be done and by whom it should be done. It bridges the gap between where we stand today and where we want to reach.
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.
Therefore, without planning controlling is nothing and without controlling a plan can never stay effective. Hence, they are called the Siamese twins of management.
Question 4
1 / -0

The essential skills which every manager needs for doing better management are known as _________.

A
Leadership Skills

B
Teaching Skills

C
Professional Skills

D
Managerial Skills

Solution

Managerial skills refer to the various skills of a manager that the manager executes while taking any managerial decision or performing any managerial function in the daily conduct of the business.
Hence, option (D) is the correct answer.
Question 5
1 / -0

Efficient control system discriminate between important and unimportant factors.

A
False

B
Partly true

C
True

D
None of above

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. An efficient control system discriminates between the important and unimportant factors of the business in order to just focus on the important factors.
Hence, option (C) is the correct answer.
Question 6
1 / -0

When each job is individually compared with every other in the organization, it is called _________.

A
Ranking method

B
Paired comparison method

C
Point ranking method

D
Factor comparison method

Solution

The ranking method of control system refers to a method where each job of a company is compared with every other job of that company with the respective performance for a year in other to rank them from best to average.
Hence, option (A) is the correct answer.
Question 7
1 / -0

Which of the following is an analytical method of job evaluation?

A
Paired comparison

B
Ranking method

C
Job grading

D
Point ranking method

Solution

Ranking method of control system refers to an analytical method of job evaluation where each job of a company is compared with every other job of that company with the respective performance for a year in other to rank them from best to average.
Question 8
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Which of the following is the most essential requirement for an effective points-based rating system?

A
Close co-ordination between the management and the HR department

B
Comprehensive, dependable and consistent information

C
Impartiality in evaluation

D
None of the above

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. For an effective points-based control rating system, the information which we get from different sources should be comprehensive, dependable and consistent.

Question 9

1 / -0

Match the following :

List I	List II
P. Break - Even Analysis	1. Modern control devices
Q. Internal Audit	2. Directed towards the dynamic management of projects
R. Management Audit	3. Traditional control device
S. PERT system	4. Widely used tool of managerial control

Select the correct answer from the options given below -

P - 4, Q - 3, R - 1, S - 2

P - 3, Q - 4, R - 2, S - 1

P - 3, Q - 4, R - 1, S - 2

P - 4, Q - 3, R - 2, S - 1

Solution

Break-even analysis is a traditional control device of a control system where the actual revenue performance is compared with the planned revenue performance so that corrective measures can be taken in case of any deviations or differences.
Internal audit is a part of the traditional controlling system where internal audit by the management of the company is undertaken to control the deviations if any for the achievement of organizational goals.
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.
PERT system is a control system that is directed towards dynamic management in the case of a dynamic business environment.

Hence, option (C) is the correct answer.

Question 10
1 / -0

Under ______ approach, an employee is not appraised by his recognizable traits, but by his performance with respect to the agreed goals or objectives.

A
Management by object

B
Management by objectives

C
Management by observation

D
Management by objectification

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 initially set standards. In such a process, the employees prepare their own performance appraisal to match it with the standards set by their supervisors.

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Re-Attempt Weekly Quiz Competition

Controlling Test - 16

Result

Controlling Test - 16

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SHARING IS CARING

Question 1

Controlling is backward looking.

Controlling exists at every management level.

Controlling is a continuous activity.

Purpose of controlling is positive.

Solution

Question 2

Financial audit

External audit

Performance audit

Management audit

Solution

Question 3

False

Partly true

True

None of aboveq

Solution

Question 4

Leadership Skills

Teaching Skills

Professional Skills

Managerial Skills

Solution

Question 5

False

Partly true

True

None of above

Solution

Question 6

Ranking method

Paired comparison method

Point ranking method

Factor comparison method

Solution

Question 7

Paired comparison

Ranking method

Job grading

Point ranking method

Solution

Question 8

Close co-ordination between the management and the HR department

Comprehensive, dependable and consistent information

Impartiality in evaluation

None of the above

Solution

Question 9

P - 4, Q - 3, R - 1, S - 2

P - 3, Q - 4, R - 2, S - 1

P - 3, Q - 4, R - 1, S - 2

P - 4, Q - 3, R - 2, S - 1

Solution

Question 10

Management by object

Management by objectives

Management by observation

Management by objectification

Solution

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