GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
To control various business activities in an effective manner, managers must first
A
initiate corrective action
B
identify communication channels
C
set appropriate standards
D
request employee feedback
Explanation: 

Detailed explanation-1: -Managers must first plan, then organize according to that plan, lead others to work towards the plan, and finally evaluate the effectiveness of the plan. These four functions must be performed properly and, when done well, become the reason for organizational success.

Detailed explanation-2: -Organizational control typically involves four steps: (1) establish standards, (2) measure performance, (3) compare performance to standards, and then (4) take corrective action as needed.

Detailed explanation-3: -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: -The first step of process of control is to establish the standards of performance against which the actual performance are to be evaluated. Standards represent criteria for measurement of performance of different departments or units.

There is 1 question to complete.