Question : Statement 1: Controlling is primarily concerned with predicting future outcomes.
Statement 2: Controlling involves analyzing past performance to improve future results.
Option 1: Both correct.
Option 2: Both incorrect.
Option 3: Statement 1 correct, Statement 2 incorrect.
Option 4: Statement 2 incorrect, Statement 1 correct.
Correct Answer: Statement 2 incorrect, Statement 1 correct.
Solution : The correct answer is (d) Statement 2 incorrect, Statement 1 correct.
Statement 1 is incorrect. Controlling is not primarily concerned with predicting future outcomes. It is more focused on monitoring and evaluating current performance and using that information to make adjustments and improve future results.
Statement 2 is correct. Controlling typically involves analyzing past performance data, identifying deviations or issues, and using this analysis to make corrective actions and adjustments that will improve future performance. It is a retrospective and corrective function.
Question : Statement 1: Controlling involves setting performance standards.
Statement 2: Controlling involves evaluating employee performance.
Question : Statement 1: Controlling is a one-time process in an organization.
Statement 2: Controlling requires continuous evaluation.
Question : Statement 1: Controlling is vital for achieving organizational objectives.
Statement 2: Controlling does not impact resource utilization.
Question : Statement 1: Controlling is interconnected with other managerial functions.
Statement 2: Controlling operates independently of planning and organizing.
Question : Statement 1: Strategic control is primarily concerned with short-term planning.
Statement 2: Strategic control focuses on evaluating day-to-day operations.
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