Controlling Managements is a primary __________ function of management in an organization. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and is not then taking corrective actions.
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
2.
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______ is a well-implemented controlling management system that can help identify inefficiencies, waste, and unnecessary expenses, which can be eliminated or reduced to improve profitability.
3.
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30 sec • 1 pt
_____ is one of the key issues, which defines an organization's competitive position in the market.
4.
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30 sec • 1 pt
It plays a major role in organizations by helping them monitor and control the quality of their product, processes, and etc., through statistics, root cause analysis, and many more.
5.
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30 sec • 1 pt
It is also one of the most basic functions in management, like Planning, Organizing, Staffing, Directing, and Controlling. Controlling is an important function, and without controlling management can’t ensure the desired results.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one is NOT part of ways on using Total Quality Management (TQM)
Data-driven decision making
Trading with other companies
Establishing quality standards
Employee involvement
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The controlling function of management can have a significant impact on the success or failure of a business in several ways, which one of these is not included?
Improved Decision Making
Improving Performance
Cost Avoidance
Risk Management
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