Question 1

What is the purpose of establishing standards in the controlling function of management?

Accepted Answer

To provide a benchmark for performance evaluation

Answer

To decrease production costs

Answer

To increase employee salaries

Answer

To attract new customers

Question 2

Which of the following is an example of a control measure in the management function?

Accepted Answer

Implementing a budgeting system

Answer

Launching a new marketing campaign

Answer

Hosting team-building activities

Answer

Changing the company's mission statement

Question 3

Why is feedback an important component of the controlling function in management?

Accepted Answer

To identify deviations and take corrective actions

Answer

To promote employee morale

Answer

To expand the product line

Answer

To increase sales revenue

Question 4

What is the main difference between controlling and planning in the management process?

Accepted Answer

Controlling focuses on monitoring and correcting performance, while planning involves setting goals and deciding on actions.

Answer

Controlling is a future-oriented function, while planning looks at past performance.

Answer

Controlling is only relevant for top-level management, while planning is for middle management.

Answer

Controlling involves budgeting, while planning does not involve financial considerations.

Question 5

How does the controlling function contribute to organizational success in management?

Accepted Answer

By ensuring that activities are performed according to established plans and standards

Answer

By reducing employee training and development efforts

Answer

By setting ambitious goals for employees to achieve

Answer

By increasing bureaucratic processes within the organization

Question 6

What is the role of performance measurement in the controlling function of management?

Accepted Answer

To evaluate progress towards organizational goals and identify areas for improvement

Answer

To outsource production to cut costs

Answer

To hire new employees for the team

Answer

To redesign the company logo for branding purposes

Question 7

What is the primary focus of the controlling function in management?

Accepted Answer

Monitoring performance and taking corrective actions

Answer

Setting long-term strategic goals

Answer

Developing marketing campaigns

Answer

Recruiting new employees