Question : Case Study 17:
XYZ Corporation is a large conglomerate with diverse business interests. The management team at XYZ wants to implement control systems to improve financial performance and profitability.
Question:
What would be the last step in the process of controlling XYZ Corporation?
Option 1: Setting financial targets.
Option 2: Measuring financial performance.
Option 3: Comparing financial results with targets.
Option 4: Taking corrective financial action.
Correct Answer: Taking corrective financial action.
Solution : The correct answer is (d) Taking corrective financial action.
In the process of control, the last step typically involves taking corrective action. Once financial performance is measured and compared with targets if any discrepancies or issues are identified, the organization must take corrective financial action to address these problems and bring performance in line with the established targets or standards. This step is essential to ensure that the organization's financial goals and objectives are met.
Question : Case Study 10:
What
Question : Case Study 3:
LMN Corporation is a multinational conglomerate with various business units. The company has a decentralized management structure and wants to ensure effective coordination among its units.
Which
Question : Case Study 9:
LMN Services is a service-based organization. The management team wants to implement control measures to improve employee performance and customer satisfaction.
Which step in the process of
Question : Case Study 16:
Question : Case Study 5:
EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource utilization.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile