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 areas." Which managerial control idea or technique was highlighted above?
Option 1: Management by Exception
Option 2: Critical Point Control
Option 3: Both (1) and (2)
Option 4: Budgetary Control
Correct Answer: Both (1) and (2)
Solution : Following are the reasons for managerial control ideas: 1. Management by exception 2. Critical Point Control Hence, the correct option is 3.
Question : "Keeping an eye on each and every operation in an organisation is neither cheap nor simple. Which managerial control idea or technique was highlighted above?
Question : ________ is a crucial management control theory based on the idea that trying to control everything only leads to controlling nothing.
Question : Rahul, a worker is given target of assembling two computer per day. Due to his habit of doing things differently, an idea stuck him which would not only reduce the assembling time of computers but would also reduce the cost of production of computer. Rahul's supervisor
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