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 __________________________.
Option 1: Critical point control
Option 2: Management by exception
Option 3: Control by exception
Option 4: Both B and C
Correct Answer: Both B and C
Solution : After identifying the major deviation, the cause need to be analysed. It is necessary to identify the exact cause so that an appropriate corrective action can be taken. This falls under management by exception or controlled by exception. Hence Option D is correct.
Question : Control is exercised at all levels of management. It is required in both business and non-business organisations. Which feature of controlling is highlighted here?
Question : Which of the following features of management is highlighted in the below statement? It helps to achieve employees goals by influencing their behaviour.
Question : Which of the following is not a feature of strategy?
Question : The detailed job requirements and qualities required to do it are publicised along with the profile of the organisation where vacancy exists. Which external source of recruitment is highlighted in the given statement?
Question : Why is management considered a multifaceted concept?
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