GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following are the elements of control
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Guidance and direction
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Constraint and restraint
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Authority and knowledge
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All of the above
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Explanation:
Detailed explanation-1: -2.1 1) Feedback. 2.2 2) Control must be objective. 2.3 3) Prompt reporting of deviations. 2.4 4) Control should be forward-looking. 2.5 5) Flexible controls. 2.6 6) Hierarchical suitability. 2.7 7) Economical control. 2.8 8) Strategic control points. More items
Detailed explanation-2: -The basic control process, wherever it is found and whatever it is found and whatever it controls, involves three steps: (1) establishing standards. (2) measuring performance against these standards. and (3) correcting deviations from standards and plans.
Detailed explanation-3: -Answer and Explanation: Laws and regulations are not within the control of an organization and therefore, are not elements of internal control.
There is 1 question to complete.