Question

Which of the following are the factors that highlight the importance of controlling.

Options

• Achieving Organisational Goals

• Evaluating the Standards

• Optimum Utilisation of Resources

• All of the above

Answer 1

All of the above

Explanation - 

1. Achieving Organisational Goals : Controlling strives to achieve organisational goals by pointing out flaws and recommending corrective actions. It assists in moving in the appropriate direction in order to achieve the organization's goals.
2. Evaluating the Standards : Controlling aids in determining the accuracy of the management's standards. The manager can examine whether the set standards are correct and achievable using a good controlling system. It also aids the organisation in reviewing and revising standards in response to changing business conditions.
3. Optimum Utilisation of Resources : Continuous monitoring and control aid in the effective and optimal use of resources. There is minimal wasting and spoilage of resources because each task is completed according to the established standard.