Question : The responsibility for performance is one of the difficulties in a decentralised organisation. Better control systems are being developed by corporate enterprises in response to this challenge. Find such a control system (s).
Option 1: Balance score card
Option 2: Critical Point Control
Option 3: Management by Exception
Option 4: None of the above
Correct Answer: Balance score card
Solution : A system called the balanced scorecard approach is intended to break down the company's mission statement into manageable, achievable goals. Hence, the correct option is 1.
Question : According to this, control system should focus on its key result areas, which are critical to the overall performance of an organisation.
Question : According to this principle of management control, managers should give attention to significant deviations, which go beyond the permissible limit.
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 : 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 __________________________.
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