BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

PRINCIPLES AND PRACTICE OF MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name the function of management that involves monitoring how the business is performing.
A
Leading
B
Controlling
C
Planning
D
Organizing
Explanation: 

Detailed explanation-1: -Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications and corrections when needed.

Detailed explanation-2: -Controlling. The controlling function consists of monitoring performance and progress through project execution and making adjustments as needed.

Detailed explanation-3: -Controlling: involves ensuring that performance does not deviate from standards. Controlling consists of three steps, which include (1) establishing performance standards, (2) comparing actual performance against standards, and (3) taking corrective action when necessary.

Detailed explanation-4: -Controlling is the management function concerned with monitoring employees’ activities, keeping the organization on track toward its goals, and making corrections as needed.

Detailed explanation-5: -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.

There is 1 question to complete.