Quiz on Controlling in Organizations

What is the primary purpose of controlling in an organization?

• To create new policies

• To increase employee salaries

• To ensure activities are conducted as planned

• To reduce the number of employees

Which of the following is NOT a step in the controlling process?

• Conduct market research

• Take corrective action

• Set the standards

• Measure the actual performance

What type of control is performed before an activity starts?

• Concurrent Control

• Feedforward Control

• Post-activity Control

• Feedback Control

Which principle of effective control emphasizes the need for information to be accurate?

• Flexibility

• Timeliness

• Focus on Important Factors

• Accuracy of Information

What is the first step in the controlling process?

• Compare the actual performance with the standards

• Set the standards

• Measure the actual performance

• Take corrective action

Which type of control is also known as steering control?

• Feedforward Control

• Concurrent Control

• Feedback Control

• Strategic Control

What does benchmarking involve?

• Comparing financial statements

• Evaluating employee performance

• Comparing business processes to industry bests

• Setting new organizational standards

Which of the following is a financial control method?

• Ratio Analysis

• Benchmarking

• Feedforward Control

• Concurrent Control

What is the purpose of feedback control?

• To set new standards

• To measure the result of an action

• To provide training for employees

• To allocate resources

Which of the following is NOT a feature of effective standards?

• Standards must be vague

• Standards must be flexible

• Standards must be clear and precise

• Standards must be measurable