BM2: Control and Data Analysis

Concurrent Controls are used to:

• Monitor ongoing activities to ensure consistency with plans

• Plan future activities

• Evaluate past performance

• None of the above

Deviation Analysis is:

• a method to assess the difference between planned and actual performance

• a technique to improve communication skills

• a strategy for time management

• a tool for financial investment

Feedback controls are mechanisms used to:

• Monitor and adjust a system's output

• Increase the speed of a process

• Reduce the cost of production

• Enhance user satisfaction

Monitoring in management is the process of:

• planning and organizing resources

• tracking and assessing performance

• setting goals and objectives

• motivating and leading teams

Controlling involves:

• Planning and organizing resources

• Monitoring and evaluating performance

• Setting goals and objectives

• Leading and motivating employees

What are Corrective Actions?

• Actions taken to rectify a problem or non-conformance

• A type of preventive measure

• A method to predict future issues

• A strategy for planning projects

The Establishment of Standards is:

• a process of setting norms and guidelines

• a random selection of rules

• an outdated practice

• a method of eliminating competition

What are Intangible Standards?

• Not physical in nature, such as customer satisfaction or brand reputation.

• Physical benchmarks used to measure stages of development.

• Product dimensions such as height, width, weight, color, etc.

• Amount of time to produce a product or service

Tangible Standards are:

• Guidelines for behavior like don't lie or cheat

• Measurable criteria like inches, pounds, minutes

• Abstract concepts like art, music, poetry

• Theoretical frameworks like social responsibility or ethics

What is the primary purpose of preventive controls?

• To prevent errors and irregularities before they occur

• To set future goals

• To evaluate past performance

• To monitor ongoing activities