English

Explain the features of a good control system. - Commerce

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Question

Explain the features of a good control system.

Explain
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Solution

  1. Accuracy: It should provide accurate and reliable information for decision-making. Wrong data can lead to poor corrective actions.
  2. Timeliness: It must provide control information quickly enough to take corrective action on time.
  3. Flexibility: A good control system should be able to adapt to changes in the environment, technology, or processes.
  4. Simplicity: It should be easy to understand and operate, avoiding unnecessary complexity.
  5. Economical: The cost of operating the control system should be less than the benefits it delivers.
  6. Focus on Exceptions: It should highlight significant deviations only, so management can focus on major issues (Management by Exception).
  7. Integration with Planning: Control should be closely linked to plans and objectives. Without plans, there’s nothing to control.
  8. Objectivity: Standards and measurements should be quantitative and unbiased where possible.
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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 6. | Page 371
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