BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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By comparing ____ with standards manager can know whether the goals are achieved or not:-
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a) Risk
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(b) Ideas
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(c) Actual performance
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(d) Costs
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Explanation:
Detailed explanation-1: -Explanation: By comparing Actual performance with standards manager can know whether the goals are achieved or not. Measuring actual performance: If performance is not measured, it cannot be ascertained whether standards have been met.
Detailed explanation-2: -The process of comparing actual to planned performance and taking corrective action is called controlling.
Detailed explanation-3: -Planning provides standards against which actual performance is measured. With the help of standards, deviations in the performance are found and corrective actions are taken.
There is 1 question to complete.