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State with reasons whether the following statement TRUE or FALSE. Controlling is the indispensable function of management. - Organisation of Commerce and Management

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Question

State with reasons whether the following statement is TRUE or FALSE.

Controlling is the indispensable function of management.

Options

  • True 

  • False 

MCQ
True or False
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Solution

Controlling is the indispensable function of management – True
Explanation: Controlling is an important and indispensable function of management. It aims at managing the business actions by identifying deviations in the actual performance against the set standards. It also ensures optimum utilisation of resources while taking corrective measures against the deviations.

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Chapter 7: Functions of Management - True or False [Page 174]

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