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“A vigil eye is the only feature of a good control system”. Do you agree with this statement? Give suitable arguments. - Commerce

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Question

“A vigil eye is the only feature of a good control system”. Do you agree with this statement? Give suitable arguments.

Long Answer
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Solution

No, I do not agree with the statement “A vigil eye is the only feature of a good control system.” While a vigilant or watchful eye (constant monitoring) is important, it is not the only feature. A good control system includes several other essential elements:

  1. Clear Objectives: Without defined goals, there's nothing to measure performance against.
  2. Simplicity: It should be easy to understand and operate for all levels of staff.
  3. Flexibility: It must adapt to changing conditions and unforeseen problems.
  4. Accuracy and Timeliness: The system must provide correct and timely information to be useful.
  5. Focus on Exceptions: Effective systems highlight only important deviations for attention.
  6. Cost-Effectiveness: It should be economical; control must not cost more than the benefit it provides.
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Chapter 12: Controlling - EXERCISES [Page 371]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 12 Controlling
EXERCISES | Q 17. | Page 371
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