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प्रश्न
“Measurement of a company’s progress may involve calculation of certain ratios like gross profit ratio, net profit ratio, and return on investment etc. at periodic intervals”. Identify the function of management involved in the above context. Also briefly explain the step in the process of the identified function discussed above.
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उत्तर
- Controlling
- Measurement of actual performance
Once performance standards are set, the next step is a measurement of actual performance. Performance should be measured in an objective and reliable manner. There are several techniques for the measurement of performance. These include personal observation, sample checking, performance reports, etc.
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संबंधित प्रश्न
State the role of 'Speed Boss' in functional foremanship.
Hina Sweets is a renowned name for quality sweets since 1935. Harsh the owner of Hina Sweets was worried as the sales had declined during the last three months. When he enquired from the Sales Manager, the Sales Manager reported that there were some complaints about the quality of sweets. Therefore Harsh ordered for sample checking of sweets.
Identify the step taken by Harsh that is related to one of the functions of management.
With the help of a diagram explain 'Functional Foremanship' as a technique of scientific management.
'A.S. Ltd' is a large company engaged in the assembly of air-conditioners. Recently the company had conducted the Time' and 'Motion' study and concluded that on an average a worker can assemble ten air-conditioners in a day. The target volume of the company in a day is assembling of 1,000 units of air-conditioners. The company is providing attractive allowances to reduce labour turnover and absenteeism. All the workers are happy. Even then the assembly of air-conditioners per day is 800 units only. To find out the reason the company compared the actual performance of each worker and observed through C.C.T.V. that some of the workers were busy in gossiping.
1) Identify the function of management discussed above.
2) State those steps in the process of the function identified which are discussed in the above paragraph.
Which term is used to indicate the difference between standard performance and actual performance?
Which of the following are the features of Controlling?
Assertion (A): A small enterprise cannot afford to install an expensive control system.
Reason (R): Control system loses some of its effectiveness when standards cannot be defined in quantitative terms.
Name the function of management which helps in the formulation of future plans, in the light of the problems that were identified and thus, helps in better planning in the future period.
An effort to control everything may end up in controlling nothing is related to:
Whether the decisions have been translated into desired actions or not' can be confirmed by performing which of the following functions of management?
What does controlling ensure regarding organisational activities?
Controlling ensures that resources are used in which manner to achieve predetermined goals?
At which levels of management is controlling pervasive?
What is analysed after actual performance is compared with standards?
What is taken based on the findings obtained from analysing deviations?
What does the process of comparing performance, analysing deviations, and taking corrective action enable?
