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प्रश्न
Which term is used to indicate the difference between standard performance and actual performance?
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उत्तर
The term that is used to indicate the difference between the standard performance and the actual performance is the deviation.
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संबंधित प्रश्न
'An effort to control everything may end up in controlling nothing'. Explain.
“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.
Controlling function of an organisation is
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.
Controlling means ensuring that activities in an organisation are performed as per the ______.
Controlling means ensuring that activities in an organisation are performed as per the ______.
An effort to control everything may end up in controlling nothing is related to:
Match the FUNCTIONAL AREA in Column I with their respective STANDARDS set to gauge performance in Column II, as a part of the controlling function.
| Column I | Column II | |
| (i) | Marketing | Flow of capital |
| (ii) | Production | Sales-person's performance |
| (iii) | Human Resource Management | Labour turnover |
| (iv) | Finance and Accounting | Quantity |
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?
Which group consists entirely of institutions to which controlling applies?
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?
