83. Define control?
According to Knootz “Controlling to the measurement and correction of performance
in order to make sure that enterprise objectives and the plans devised to attain them are accomplished”.
84. Why need of control in the organization? Control process is universal. Control is a continuous process. Control is action based. Control is forward looking.
85. Why need of control in the organization? Control can minimize the mistake.
To discover the deviations in the management
To discover and control the minimal dishonest behavior of employees
86. What are the Inter –relationship between planning and end with control?
The management process of adjusting future action on the basis of information about past performance. Control helps in achieving them.
87. What is Feedback Control?
Feedback control is the process of adjusting future action on the basis of information about past performance.
88. What is management by exception?
Actual performance compare with the standard performance deviations which can not significant should be avoid.
89. What is concurrent control?
This control measures for taking corrective action while an programme meet any obstacle in this activities.
90. What is feed forward control?
It is preventive in nature. This control involves evaluation of inputs and taking corrective action before a particular operation is completed.
91. What is direct labour Budget?
Direct labour Budget reveals the expected labour requirements during the budget period.
92. What is fixed Budget?
In this budget in which targets are rigidly fixed .This is a forecast of the targets for the coming years prepared well in advance.
93. What is flexible budget?
A flexible budget is a budget designed to change in the level of activity.
94. What is Internal Audit?
Internal audit is done by an internal auditors who is an employee of the organization. He examines the objectives, policies, plans procedures and performance of the management.
95. Define Productivity?
Productivity is a measure of how much input is required to produce a given output. i.e. the ratio (output/input) is called productivity.
96. Define: OR.
Operation Research is a systematic analysis of a problem through scientific methods, carried out by appropriate specialists ,working together. As a team, finding an optimum and the most appropriate solution to meet the given set of constraints.
97. What is JIT ?
Just In Time Inventory system. In this method the suppliers deliver the materials to the production spot just in time to be assembled .This method reduces cost of inventory.
98. What is value engineering?
It is a special type of cost reduction and product improved technique.
99. What is preventive control?
An efficient manager applies the skills in managerial philosophy to eliminate undesirable activated which are the reasons for poor management.
Define : Multinational corporation.?
“An enterprise which own or control production or service facilities outside the country in which they are based”.