Question : Case Study 15:
UVW Pharmaceuticals is a pharmaceutical company that operates in a highly regulated industry. The company wants to implement control systems to comply with industry regulations and ensure product safety.
Question:
What type of control is UVW Pharmaceuticals likely to implement to comply with industry regulations?
Option 1: Feedforward control.
Option 2: Concurrent control.
Option 3: Feedback control.
Option 4: Strategic control.
Correct Answer: Concurrent control.
Solution : The correct answer is (b) Concurrent control.
Concurrent control is a real-time monitoring and adjustment process that helps ensure that activities and processes are in compliance with industry regulations as they are happening. In a highly regulated industry like pharmaceuticals, real-time monitoring and immediate corrective actions are essential to maintain compliance and product safety. This type of control allows the company to address compliance issues as they occur, minimizing the risk of regulatory violations.
Question : Case Study 8:
Why is controlling important for UVW Pharmaceuticals?
Option 1: To bypass industry regulations.
Option 2: To increase employee turnover.
Option 3: To ensure product safety and compliance.
Option 4: To eliminate the need for external audits.
Question : Which type of control is implemented while a task is being performed?
Question : Case Study 6:
IJK Retail is a chain of retail stores. The company aims to maintain consistent customer service standards across all its outlets.
Which type of control is IJK Retail likely to implement to ensure consistent customer service standards?
Option 4: Financial control.
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