Controlling Test - 18

The goal setting approach is an approach where ultimate goals are set up for the working personnel of an organisation. Such kind of goals are appropriate only for the appraisal report of the executives and supervisory personnel of an organisation.

Job evaluation is a type of controlling technique where a job is evaluated for determining the internal efficiency of the job. It defines the internal worth of the job. 

Behaviorally Anchored Rating Scales (BARS) are designed to identify the critical areas of performance for a job, and to describe the more effective job behavior for getting results. It basically evaluates the good and bad performance and defines the major units of a job to increase the job and work efficiency.

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 field review method the performance evaluation is done by somebody else other than the supervisor of the employee. Under this method, the workers are classified into three categories namely outstanding, satisfactory and unsatisfactory categories. 

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. 

Under such an approach, joint goal setting and mid term reviews are very important factors. 

A revenue center is that segment of an organisation which is responsible for the revenue and cost conduct of the business. The manager of this segment compares the actual revenue and cost with the planned revenue and cost of the business to take corrective measures in case of any deviations. 

Responsibility accounting basically refers to the system of judging the responsibility accuracy of a work. 

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.

Statistical Analysis is a traditional method of control system where averages, percentage, ratios, correlation etc. are used to for taking managerial decisions by all the managers. 

Ratio refers to the comparison between the actual ratio variables of the business and the planned ratio variables so that corrective measures can be taken in case of any deviations or difference. It aims at preparing the financial, revenue, turnover  policies of a particular period and planning in advance regarding the conduct of a company. 

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. It aims at preparing the financial policy of a particular period and planning in advance regarding the expenditures of a company.