CBSE Questions for Class 12 Commerce Business Studies Controlling Quiz 4 - MCQExams.com

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or differences. Controlling is a managerial function that follows every other function as it is the controlling function that makes sure that every other managerial function is achieved efficiently. Therefore, controlling functions must be work-focused and efficient.

Hence, option (C) is the correct answer.

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or differences. Controlling is a managerial function that follows every other function as it is the controlling function that makes sure that every other managerial function is achieved efficiently. 

Internal audit is a part of the traditional controlling system where internal audit by the management of the company is undertaken to control the deviations if any for the achievement of organizational goals. 

Hence, option (C) is the correct answer.

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. The main objectives of controlling areas are:

1. Making efficient use of scarce and valuable resources 

2. Helps in achieving organisational objectives 

3. Fosters organizational efficiency and effectiveness

4. Facilitate coordination in action.

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. The process of controlling is as follow 

(1) Establishment of goals and standards
(2) Measurement of actual performance

(3) Comparison of the actual performance with the planned ones

(4) Corrective action

(5) Follow through

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. Controlling is a managerial function that follows every other function as it is the controlling function that make sure that every other managerial function is achieved efficiently. Therefore, ideal controlling is forward looking as it ensures efficiency in future course of actions through past experiences of the organisation.

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or differences. Controlling is a managerial function that follows every other function as it is the controlling function that makes sure that every other managerial function is achieved efficiently. Therefore, the modern control system is work-focused rather than job oriented.

Hence, option (A) is the correct answer.

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. Controlling is a managerial function that follows every other function as it is the controlling function that make sure that every other managerial function is achieved efficiently. Therefore, controlling is forward looking as it ensures efficiency in future course of actions through past experiences of the organisation.

• Break-even analysis is a traditional control device of a control system where the actual revenue performance is compared with the planned revenue performance so that corrective measures can be taken in case of any deviations or differences.
  
• Internal audit is a part of the traditional controlling system where internal audit by the management of the company is undertaken to control the deviations if any for the achievement of organizational goals.
  
• Management audit is a technique in which professionals are called by the company to keep a check on the performance of the management of the company and prepare a performance appraisal report for the same.
  
• PERT system is a control system that is directed towards dynamic management in the case of a dynamic business environment. 
  

Management by objectives is a way of managerial control where management of people and work is done by keeping in mind the objectives of the business and preparing controlling analysis from time to time to judge the accuracy of the initially set standards. In such a process, the employees prepare their own performance appraisal to match it with the standards set by their supervisors.