GENERAL KNOWLEDGE

GK

BUSINESS 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: -The controlling function involves monitoring and tracking progress and performance to help when making decisions in a work environment.

Detailed explanation-2: -Controlling is the management function of establishing performance standards, measuring actual performance activities to see if the standards have been met, and taking corrective action.

Detailed explanation-3: -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-4: -Controlling is a primary goal-oriented function of management in an organization. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action.

There is 1 question to complete.