BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Ans. Controlling can be defined as that function of management which helps to seek planned results from the subordinates, managers and at all levels of an organization. The controlling function helps in measuring the progress towards the organizational goals & brings any deviations, & indicates corrective action.

Detailed explanation-2: -The four types of inventory management are just-in-time management (JIT), materials requirement planning (MRP), economic order quantity (EOQ), and days sales of inventory (DSI). Each inventory management style works better for different businesses, and there are pros and cons to each type.

Detailed explanation-3: -Determining who reports to whom is part of the controlling function of management. True or false? FALSE. The controlling function can be understood as the one where the managers seek results that are pre-determined by the management, from the subordinates and team members.

Detailed explanation-4: -Examples of controlling functions Schedule and deadline management, employee training, performance evaluations, adjustments to budgets or staffing assignments, and resource allocation are all included within the controlling function.