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Controlling Test - 19

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Controlling Test - 19
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Weekly Quiz Competition
  • Question 1
    1 / -0
    ___________ refers to systematic appraisal of the overall performance of the management of an organisation.
    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 2
    1 / -0
    ______________ enables the manager to collect first hand information, creates psychological pressure on the employees to perform well.
    Solution
    Personal observation enables the manager to collect first hand information, creates psychological pressure on the employees to perform well. It helps to improve the performance of the employees. Organizational objectives can be achieved in a more efficient manner with personal observation.
  • Question 3
    1 / -0
    _______________ in the form of averages, percentages, ratios, correlation etc. present useful information to the managers regarding performance of the organisation in various ares.
    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.

    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.

  • Question 4
    1 / -0
    Return on Investment (ROI) = ____________.
    Solution
    Return on Investment = Net Income/Sales X Sales/Investment.
    Return on investment (ROI) can be defined as a financial metric of profitability. It is widely used to measure the return or gain from an investment. In simple terms, ROI is a simple ratio of the gain from an investment relative to its cost.
  • Question 5
    1 / -0
    _______________ is/are a computer-based information system that provides information and support for effective managerial decision-making.
    Solution
    Management information system is a computer-based information system that provides information and support for effective managerial decision-making. It helps to gather data from multiple online system.It also help to visualize and control the information in an organization.Management information system facilitates collection, management and dissemination of information at different levels of management and across different departments of the organization.
  • Question 6
    1 / -0
    ____________ is responsible not only for profits but also for investments made in the center in the form of assets.
    Solution
    A investment center is that segment of an organisation which is responsible for the investment on assets of the business. The manager of this segment compares the actual investment on the assets with the planned investment on the asset of the business to take corrective measures in case of any deviations. 
  • Question 7
    1 / -0
    A segment of an organisation whose manager is responsible for both revenues and costs is known as ____________.
    Solution
    A profit 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
  • Question 8
    1 / -0
    Which of the following is not a responsibility center?
    Solution
    Sales center is not a responsibility center as it only defines the amount of sales of an organisation in a particular year or period. 
  • Question 9
    1 / -0
    A __________ is a segment of an organisation in which managers are held responsible for the cost incurred in the center but not for the revenues.
    Solution
    A cost center is that segment of an organisation which is responsible for the  cost conduct of the business. The manager of this segment compares the actual cost with the planned cost of the business to take corrective measures in case of any deviations. 
  • Question 10
    1 / -0
    A _________ diagram is prepared to show the sequence of activities, the starting point and the termination point of the project
    Solution
    A network diagram is prepared to show the sequence of activities, the starting point and the termination point of the project. It has beginning and terminal points of the project. Network diagram shows the sequence of activities involved in a project.
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