Control in Management

What is the primary purpose of control in management?

• To set goals for the organization

• To monitor and adjust organizational activities

• To hire and train employees

• To allocate resources efficiently

In performance control, what is the first step?

• Taking corrective action

• Measuring actual performance

• Setting performance standards

• Comparing actual performance with standards

The correct order of the steps in the control process is:

• Measure performance, compare with standards, analyze the causes of deviation, set standards, take corrective action

• Set standards, measure performance, compare with standards, analyze the causes of deviation, take corrective action

• Compare with standards, set standards, measure performance, analyze the causes of deviation, take corrective action

• Take corrective action, set standards, measure performance, compare with standards, analyze the causes of deviation

A type of control that focuses on inputs before the actual work begins is known as:

• Concurrent control

• Feedback control

• Feedforward control

• Reactive control

Concurrent control is characterized by:

• Monitoring activities while they are happening

• Reviewing results after the activity has been completed

• Planning activities before they begin

• Ignoring ongoing activities

What type of budget focuses on day-to-day operations including revenues, expenses, and profits?

• Capital Budget

• Cash Flow Budget

• Master Budget

• Operating Budget

Which budget projects the cash inflows and outflows to ensure the organization can meet its financial obligations?

• Capital Budget

• Master Budget

• Cash Flow Budget

• Operating Budget

Which of the following is a benefit of linking budgets to incentive plans?

• Reducing employee turnover

• Motivating employees to meet or exceed budgeted targets

• Enhancing product quality

• Simplifying the hiring process

What is the primary role of information in management?

• To entertain employees

• To create marketing strategies

• To support decision-making

• To recruit new employees

In management, what is the purpose of a feedback mechanism?

• To provide information for improving processes and strategies

• To praise employees

• To generate profits

• To develop marketing campaigns