INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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future oriented controls
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past oriented controls
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present situation
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depends on the situation
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Detailed explanation-1: -Past-oriented controls: Past-oriented control measure results after the process. These are also identified as post action controls.
Detailed explanation-2: -Concurrent control. Feedback control. Feedforward control.
Detailed explanation-3: -Establishing standards and methods or ways to measure performance. Measuring actual performance. Determining if the performance matches with the standard. Taking corrective action and re-evaluating the standard.
Detailed explanation-4: -Budgetary Control. Standard Costing. Financial Ratio Analysis. Internal Audit. Break-Even Analysis. Statistical Control.
Detailed explanation-5: -Introduction. Biological control. Chemical control. Physical control. Land management methods.