Question : According to this principle of management control, managers should give attention to significant deviations, which go beyond the permissible limit.
Option 1: Critical point control
Option 2: Critical performance control
Option 3: Management by exception
Option 4: Management by interpretation.
Correct Answer: Management by exception
Solution : According to the management of exception, principle of management control, managers should give attention to significant deviations, which go beyond the permissible limit. Hence Option C is correct.
Question : According to this, control system should focus on its key result areas, which are critical to the overall performance of an organisation.
Question : If actual labour costs within an acceptable range of deviation, then it can be ignored. However, If it deviates by 15% then it needs immediate attention of management. Above statement is a part of __________________________.
Question : "In all activity, some variation in performance is to be expected. Determining the allowable range of deviations is crucial, for this reason. Additionally, variations in important areas of the business require more immediate attention than deviations in a few minor
Question : ________ is a crucial management control theory based on the idea that trying to control everything only leads to controlling nothing.
Question : The responsibility for performance is one of the difficulties in a decentralised organisation. Better control systems are being developed by corporate enterprises in response to this challenge. Find such a control system (s).
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