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?
Option 1: Management by Exception
Option 2: Critical Point Control
Option 3: Both (1) and (2)
Option 4: Budgetary control
Correct Answer: Critical Point Control
Solution : Focusing on crucial result areas where deviations are unacceptable and should be addressed on a priority basis is referred to as critical point control. Administration by exception. The implication is that a manager who attempted to control everything risked controlling nothing. Hence, the correct option is 2.
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 : 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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