Question : Statement 1: Controlling is vital for achieving organizational objectives.
Statement 2: Controlling does not impact resource utilization.
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 1 correct, Statement 2 incorrect.
Solution : The correct answer is (c) Statement 1 correct, Statement 2 incorrect.
Statement 1 is correct. Controlling is indeed a vital function in management because it helps ensure that the organization's activities and performance align with its objectives and plans.
Statement 2 is incorrect. Controlling has a significant impact on resource utilization. It involves monitoring and evaluating the use of resources to ensure they are being used optimally to achieve organizational objectives. Controlling often identifies areas where resource utilization can be improved.
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