Question

Management ______ is the process by which managers assure that resources are obtained and used effectively.

Answer 1

Management control is the process by which managers assure that resources are obtained and used effectively.

Explanation:

Management control is the process by which managers ensure that organizational resources are used efficiently and effectively to achieve set goals. It involves setting performance standards, measuring actual performance, comparing it with standards, and taking corrective actions. This ensures proper resource utilization, minimizes waste, and aligns activities with organizational objectives.