Concept of Controlling

Whether the decisions have been translated into desired actions or not' can be confirmed by performing which of the following functions of management?

Controlling means ensuring that activities in an organisation are performed as per the ______.

Give any two standards that can be used by a company to evaluate the performance of its Finance & Accounting department.

State the meaning of controlling.

One of the functions of management completes one cycle of the management process and improves planning in the next cycle in light of the problems that were identified in the existing plans.

Identify and state the function of management discussed above.

Raman and Vasudev were two employees who were embezzling an import-export company in Varanasi where they were working. The finance manager of the company Sampat Singh became suspicious of the two employees when he realized that their activities were not being performed as per the plans. He installed a software program that could secretly log every single stroke of the suspects’ computer keys and send an encrypted email report to the Cyber police. The police were able to catch the two dishonest employees red handed and arrest them. Identify the function of management being discussed above.

Assertion (A): Controlling ensures that resources are used in the most effective and efficient manner.

Reason (R): In controlling, each activity is performed in accordance with predetermined standards and norms.

State the role of 'Speed Boss' in functional foremanship.