Question : Case Study 16:

LMN Services is a service-based organization. The management team wants to implement control measures to improve employee performance and customer satisfaction.

Question:

Which step in the process of controlling involves setting specific performance targets for employees at LMN Services?

Option 1: Setting performance standards.

Option 2: Measuring actual performance.

Option 3: Comparing actual performance with standards.

Option 4: Evaluating employee performance.

Question : Case Study 19:

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.

Question:

Which step in the controlling process involves identifying the causes of deviations at EFG Manufacturing?

Option 1: Setting performance standards.

Option 2: Measuring actual performance.

Option 3: Comparing actual performance with standards.

Option 4: Taking corrective action.

Question : Case Study 12:

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.

Question:

Which step in the controlling process involves identifying the causes of deviations at EFG Manufacturing?

Option 1: Setting performance standards.

Option 2: Measuring actual performance.

Option 3: Comparing actual performance with standards.

Option 4: Taking corrective action.

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.

Question:

Which step in the process of controlling would LMN Corporation prioritize to achieve coordination?

Option 1: Setting performance standards.

Option 2: Measuring actual performance.

Option 3: Comparing actual performance with standards.

Option 4: Taking corrective action.

Question : Case Study 10:

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 for 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.