Controlling-Important Questions

IMPORTANT QUESTIONS

CHAPTER 8: Controlling

1. What do you mean by controlling?
2. How does controlling helps in accomplishing organizational goals and making efficient use of resources?
3. What is the relationship between planning and controlling?
4. Briefly explain the following steps involved in controlling :-
   1. Setting performance standards
   2. Comparing Actual performance with standards
   3. Taking corrective action
5. Explain the following techniques of managerial control:
   • Breakeven Analysis
   • Budgetary control
   • PERT & CPM
   • Ratio Analysis
6. ‘A vigilant eye is the only feature of a good control system’.Do you agree with this statement?
7. Explain management information system?