Question : Statement 1: Monitoring is an important feature of controlling.
Statement 2: Monitoring helps in identifying deviations.
Option 1: Both correct.
Option 2: Both incorrect.
Option 3: Statement 1 correct, Statement 2 incorrect.
Option 4: Statement 2 incorrect, Statement 1 correct.
Correct Answer: Both correct.
Solution : The correct answer is (a) Both correct.
Statement 1 is correct. Monitoring is a fundamental and essential feature of the controlling function in management. It involves regularly and systematically observing and assessing performance to ensure it aligns with planned objectives and standards.
Statement 2 is also correct. One of the primary purposes of monitoring, which is an integral part of controlling, is to identify and detect deviations between actual performance and the established standards or plans. This identification of deviations is a key step in the controlling process.
Question : Statement 1: Corrective action is taken before deviations occur in the controlling process.
Statement 2: Corrective action aims to prevent future occurrences of deviations.
Question : Statement 1: Controlling is a one-time process in an organization.
Statement 2: Controlling requires continuous evaluation.
Question : Statement 1: Control charts are tools used for assessing employee performance.
Statement 2: Control charts help in monitoring and controlling processes.
Question : Statement 1: Controlling is vital for achieving organizational objectives.
Statement 2: Controlling does not impact resource utilization.
Question : Statement 1: Controlling involves setting performance standards.
Statement 2: Controlling involves evaluating employee performance.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile