Important Questions and Answers: Principles of Management - Controlling

1. What is Feed Forward Control?

Feed Forward Control involves evaluation of input and corrective measures before a particular sequence of operation is completed. It is based on timely and accurate information about changes in the environment.

2. What is Concurrent Control?

Concurrent Control is also known as "real-time" or steering" control. It provides for taking corrective actions or making adjustments while the programmes is still in operation and before any major damage occurs.

3. List out the important features of controlling?

ü Function of Management.

ü Continuous function

ü Future -oriented and

ü Action-oriented.

4. What is Flexible Budget?

Flexible Budget is one which is designed to change in accordance with the level of activity actually attained. It is suitable when the estimation of demand is uncertain and the enterprise works under conditions of lack of material and labor power.

5. What are the benefits of control?

ü Control eliminates actions which deviate or which is not in conformity with the cherished goals of the firm.

ü It offers enough information for future planning and Organising.

6. List out the characteristics of Control function?

ü Functional Management

ü Continuous function

ü Future-oriented

ü Action-oriented

ü Measuring the performance and

ü Planning the control

7. What are the basic steps involved in the process of controlling?

ü 1 establishment of standards

ü measurement of performance

ü comparing performance with the slandered

ü taking corrective action

8. What is performance Appraisal?

Performance appraisal is the system of measuring Employee performance and giving feedback to the employee regarding his performance.