Controlling Test

Result

Controlling Test - 8

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Weekly Quiz Competition

Question 1
1 / -0

The first step of the controlling process is ________.

A
Measurement if performance

B
Fixation of standards

C
Correction of deviations

D
Comparing performance with standards

Solution

The first step in the controlling process is fixation of standards because standards are the criteria against which actual performance would be measured. Standards serve as benchmarks towards which an organisation strives to work. It can be set in both quantitative and qualitative terms. Standards set should be flexible.
Question 2
1 / -0

Which of the following defines decision making?

A
The process of selecting one action from two alternative courses of action

B
The process of selecting one action from two or more alternative courses of action

C
Most efficient means of attaining a desired end

D
All of the above

Solution

Decision making is the process of selecting the best options from all the other alternatives which are being provided.
Question 3
1 / -0

Budgetary control is concerned with __________.

A
The control of the expenses

B
The policy of that particular period

C
Planning in advance

D
All of the above

Solution

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.
Question 4
1 / -0

The basis of control is _______.

A
Planning

B
Action

C
Delegation

D
Information

Solution

Control is always based on planning. Every manager uses certain standards for measuring and appraising performance which are laid down by planning. The control process, in turn, may reveal the deficiency of plans and may lead to the revision of planning. Planning without control is meaningless and control without planning is blind.
Question 5
1 / -0

A holding company is one which controls one or more other companies by means of______________.

A
Holding majority shares

B
Controlling the composition of Board of Directors

C
Controlling a holding company with subsidiaries

D
Either (A) or (B) or (C)

Solution

A holding company refers to a company that controls one or more companies either by holding majority of share of that company or by controlling the composition of Board of Directors. The company can even control a holding company with subsidiaries shares.
Question 6
1 / -0

Which of the following is an element of control?

A
Planning

B
Decentralization

C
Delegation of authority

D
Informal feefback

Solution

Control makes delegation easier and better. The management cannot delegate authority without ensuring proper control. The targets or goals of various departments are used as a control technique.
Question 7
1 / -0

Control is an ______.

A
Essential function of management

B
Ongoing process

C
Integrated system

D
All of the above

Solution

Control is the essential function of management as it is performed in all organisations and at all managerial levels. It is a continuous process as it is needed all the time. The need of control is felt both at the beginning and end. All other functions of management are rendered meaningless without control.
Question 8
1 / -0

The essence of control is _____.

A
Action

B
Planning

C
Delegation

D
Information

Solution

The essence of control is action. Control is nothing but actions and further actions till operations are smooth and according to plans. Control is meaningless without action. The essence of good control system is to take right action at the right time.
Question 9
1 / -0

Information system recommended by the study group is an important tool ______________.

A
To determine the quantum of credit

B
To watch end-use of credit

C
To detect any incipient sickness to facilitate taking timely action

D
All the above

Solution

A group decision support system is an interactive computer-based system. It facilitates a number of decision-makers who are working together in a group to find solutions to problems that are unstructured in nature. They take input from multiple users interacting simultaneously with the systems to arrive at a decision as a group. Also, the tools and techniques provided by them improve the quality and effectiveness of the group meetings.
Hence, option (D) is the correct answer.
Question 10
1 / -0

A good control system should focus attention on critical or key points that need to be regulated. This is known as ________.

A
MBO

B
Control by Exception

C
Leadership by Exception

D
none of the above

Solution

Control by exception or management by exception is an employee empowerment and management style wherein managers intervene only when their employees fail to meet their performance standards or when things go wrong. If the personnel are performing as expected, the manager will focus their attention on those activities that need more attention.

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Re-Attempt Weekly Quiz Competition

Controlling Test - 8

Result

Controlling Test - 8

Score

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Rank

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SHARING IS CARING

Question 1

Measurement if performance

Fixation of standards

Correction of deviations

Comparing performance with standards

Solution

Question 2

The process of selecting one action from two alternative courses of action

The process of selecting one action from two or more alternative courses of action

Most efficient means of attaining a desired end

All of the above

Solution

Question 3

The control of the expenses

The policy of that particular period

Planning in advance

All of the above

Solution

Question 4

Planning

Action

Delegation

Information

Solution

Question 5

Holding majority shares

Controlling the composition of Board of Directors

Controlling a holding company with subsidiaries

Either (A) or (B) or (C)

Solution

Question 6

Planning

Decentralization

Delegation of authority

Informal feefback

Solution

Question 7

Essential function of management

Ongoing process

Integrated system

All of the above

Solution

Question 8

Action

Planning

Delegation

Information

Solution

Question 9

To determine the quantum of credit

To watch end-use of credit

To detect any incipient sickness to facilitate taking timely action

All the above

Solution

Question 10

MBO

Control by Exception

Leadership by Exception

none of the above

Solution

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