Question : According to this principle of management control, managers should give attention to significant deviations, which go beyond the permissible limit.
 

Option 1: Critical point control
 

Option 2: Critical performance control
 

Option 3: Management by exception
 

Option 4: Management by interpretation.
 

Question : According to this, control system should focus on its key result areas, which are critical to the overall performance of an organisation.
 

Option 1: Critical point control
 

Option 2: Critical performance control
 

Option 3: Management by exception
 

Option 4: Management by interpretation.
 

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 __________________________.
 

Option 1: Critical point control
 

Option 2: Management by exception
 

Option 3: Control by exception
 

Option 4: Both B and C
 

Question : "In all activity, some variation in performance is to be expected. Determining the allowable range of deviations is crucial, for this reason. Additionally, variations in important areas of the business require more immediate attention than deviations in a few minor areas." Which managerial control idea or technique was highlighted above?

Option 1: Management by Exception

Option 2: Critical Point Control

Option 3: Both (1) and (2)

Option 4: Budgetary Control

Question : ________ is a crucial management control theory based on the idea that trying to control everything only leads to controlling nothing.

Option 1: Management by Exception

Option 2: Critical Point Control

Option 3: Both (1) and (2)

Option 4: Budgetary control

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