This is known as ‘control by exception’. Important Questions on Controlling Process is available on Toppr. Explain in brief the term Responsibility Accounting. An attempt t:o go through all deviations tend to increase unnecessary efforts and to decrease attention on important problems. Ans. Answer: The employees must know what is expected of them and how their performance will be evaluated. Controlling Important Questions for CBSE Class 12 Business Studies Steps in the Process of Controlling 1. (Delhi 2010; All India 2010,2009) Read CBSE Class 12 Business Studies HOTs Controlling Set C below and download in pdf. In the controlling class 12 notes, we will begin by studying one of the important functions of a manager i.e. 1. Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Business Studies Controlling. These CBSE important questions are arranged subject-wise and topic-wise. As such, effective organization is essential for effective control. Control is very must linked to other functions of management. Distinguish between Planning and Control. Clear out objectives: Before Planning a control system, it is essential to know clearly the objectives it will tend to achieve. Control is Action-Oriented: Control implies taking corrective measures, whenever required. However, it has been noticed that the average daily production of a worker is in the range of 200-225 units. But in zero-base budgeting, every year is taken as a new year, and the previous year is not taken as a base. When does a complain become a grievance? ‘Management by exception’ is an important principle of control, which propagates that only significant deviations which goes beyond the permissible limit should be brought to the notice of management, as an attempt to control everything, results in controlling nothing. Question 2. Decision-making helps in determining the way to remove the deviations and the type of corrective actions to be undertaken. It must be responsive to changing conditions. For this a range of deviations should be established as the deviations in the key areas of business need to be attended on urgent basis as compared to deviations in certain insignificant areas. 3. It ensures cost-effectiveness in managing information. a 2% increase in labour cost is much more harmful than a 5% increase in postal charges. It helps to locate present and potential deficiencies in the performance of management functions. 5. Controlling Objective Type Questions. It must justify the expenses involved. Conducting a management audit may sometimes pose a problem as there are no standard techniques of management audit. Controlling Important Questions for CBSE Class 12 Business Studies Meaning, Importance and Limitations of Controlling 1.Meaning of Controlling. It is usually preventive as the preserve of the control system leads to minimizing wastages, losses, and deviations from standards. Download HOTS questions and answers for Class 12 Business Studies. Steps in the Process of Controlling Also in the absence of control, there will be no corrective action to direct the actual progress towards the accomplishment of plans. Zero Based Budgeting Whenever a budget is prepared, past records and experience are taken into consideration. Class 12 Important Questions : Controlling Class 12 Notes | EduRev Summary and Exercise are very important for perfect preparation. Focus on Key Result Areas (KRAs), which are critical to the success of an organisation. Relationship of control with other functions of Management: Control has deep relations with other functions of management as well. 3. Which element of controlling is referred here? Question 3. Normally, the previous year’s performance is taken as a base for the current year’s budget in budgeting techniques. It is utterly foolish to think that controlling could be accomplished without planning there is no predetermined understanding of the desired performance. 1. CBSE Class 12 Business Studies - CH 8 - Controlling (V Short Q and A) Controlling. Read and download free pdf of CBSE Class 12 Business Studies Controlling Assignment. (iv)Analysing deviations Under this step, deviations of significant nature need to be identified. Concentration on exceptions: This is also known as ‘Control significant deviations from standards require management’s attention as they constitute exceptions. Thus, the purpose of control will be lost. 9.Explain how ‘management by exception’ helps in the controlling process. Thus planning is meaningless without control, and control is aimless without planning. Extra Questions of Class 12 Business Studies Controlling. Question 1. It provides data and information to the managers at the right time so that appropriate corrective action may be taken in case of deviations from standards. It should be adaptable to new developments such as the introduction of new methods, materials, and changes in the requirements of the customers. This is possible only when you have the best CBSE Class 12 Business Studies study material and a smart preparation plan. Answer: Class 12 Business Studies Controlling – Get here the Notes for Class 12 Business Studies Controlling. It reduces information overload on the managers as only relevant information is provided to them. 5.What should be the focus point for a manager while controlling, as controlling at each and every step is not possible? State the steps involved in the process. … Mention the important features of the control function of management. It must lead to taking corrective action to achieve the desired objectives. Important Questions with Answers for CBSE Class 12 Business Studies Chapter 8- Controlling which is outlined by expert Business Studies teachers from the latest version of CBSE (NCERT) books CBSE Class 12 Business Studies Chapter-8 Important Questions Question 1 … Performance should be measured in same terms, in which standards have been established. Ans. In the absence of organization, neither the person responsible for committing the mistakes will be identified nor any action can be taken against him. Essential features of a sound control system: CBSE Class 12 Business Studies Case Studies – Controlling. Answer: This means that different types of activities need different types of control techniques. (i) The management function which helps in finding out that the actual production of a worker is less than the set target is known as controlling. 2. BROWSE BY DIFFICULTY. 3. Students must check the important questions & answers from NCERT textbook and the latest CBSE Sample paper. myCBSEguide has just released Chapter Wise Question Answers for class 12 Business Studies. The company had been successfully attaining this target until two months ago. 1. Free PDF download of Important Questions for CBSE Class 12 Business Studies Chapter 1 – Nature and Significance of Management prepared by expert Business Studies teachers from latest edition of CBSE(NCERT) books, On CoolGyan.Org to score more marks in CBSE board examination. These standards serve as a benchmark towards which an organisation strives to work. A will be personally responsible for the performance of his department. Answer: A. (i)Name the function of management and identify the step in the process of this function which helped in finding out that the actual production of a worker is less than the set target. Similarly, Organisation is also dependent upon control because organizing is to assign work to individuals and give them authority and fix responsibility in case of mistakes. The Principle of Management by exception implies that minor deviations from the standards may be ignored or given less attention. 4. On the other hand, if labor costs rise by twenty percent, they should receive immediate managerial attention. For instance, if postal expenses mqt&ase by twenty percent, the deviation is too insignificant to require managerial attention. Free PDF download of Important Questions for CBSE Class 12 Business Studies Chapter 8 – Controlling prepared by expert Business Studies teachers from latest edition of CBSE(NCERT) books, On CoolGyan.Org to score more marks in CBSE board examination. Suggesting Corrective Action: Merely pointing out deviations is not sufficient in a good control system. It is a follow-up action to the other function of management. Free PDF download of Important Questions with Answers for CBSE Class 12 Business Studies Chapter 8 - Controlling prepared by expert Business Studies teachers from latest edition of CBSE(NCERT) books. Action is the essence of control. Communication helps in comparison of actual results with the standards by providing timely information of actual results with the standards by providing timely information of actual progress. This can be done by opting several methods like personal observation, sample checking, performance reports, etc. An attempt.to go through all deviation tends to increase unnecessary efforts and to decrease attention on important problems. But being the last function does not lower down its importance as compared to other functions. Here, comparing actual performance with standards or appraisal of performance is the step involved in the process of controlling. (v)Taking corrective measures This is the final step, in which manager takes the corrective action according to set plans. Explain the Modern technique of control by the management information system (MIS) a computer-based technique. Characteristics of Control: The Control function of management has the following features: (Imp. (iii) Comparison of actual performance with standards In this step, the actual performances are compared with the established standards. Thus where there is no plan there can be no basis for control. Answer: Download the PDF Question Papers Free for off line practice and view the Solutions online. Controlling is measuring and correcting the activities of subordinates to ensure that events confirm to plans. ESSENTIAL POINTS TO SOLVE CASE STUDIES Concept of Controlling Controlling is the process of monitoring organisational performance, finding out deviations (or gaps in between the actual performance and the set standards), and taking corrective action in order to achieve organisational goals (as per set standards). (i)Setting performance standards Controlling starts with setting standards, against which actual results are to be evaluated. 8.After setting the performance standards, the next step in the controlling process is the ‘measurement of actual performance’. 3.What should be done while ‘taking corrective actions’ in the process of controlling when especially in the important areas, deviations go beyond the acceptable range? Candidates who are ambitious to qualify the Class 12 with good score can check this article for Notes, Question & Practice Paper. NCERT Solutions for Class 6, 7, 8, 9, 10, 11 and 12. Question 5. 5 0 or more. Controlling is an important and indispensable part of management. 2.What is meant by ‘management by exception’ in the process of controlling? Q) Direction makes the employee more capable and enthusiastic towards their work and provides them with adequate guidance training and supervision. The entire NCERT textbook questions have been solved by best teachers for you. (iv) Analysing deviations At this stage, acceptable and non-acceptable deviations areanalysed where following things are noticed: (v) Taking corrective action The most important step in the controlling process is taking corrective actions. Answer: 4.What is important while analysing deviations in controlling? (Delhi 2011) Controlling is looking Back: Control leads to the appraisal of past activities. Following are the steps of controlling process: (i) Setting Performance Standards: The first step of controlling is to set performance standards. 4. Without, proper mechanism of control, the management process will be incomplete. 6. This is known as feedback information. It improves the quality of information with which a manager works. Controlling Important Questions for CBSE Class 12 Business Studies Steps in the Process of Controlling. The entire NCERT textbook questions have been solved by best teachers for you. Thus, it is clear that all the functions of management are inter-linked. Zigya App. Standards are those criteria on the basis of which the actual performance is measured. It supports planning, decision making, and controlling at all levels. It is an indispensable function of management. Ans. Answer: Status-In a company context, status is referred to as … Kapil and Kamal Company is a large manufacturing unit. Free PDF Download - Best collection of CBSE topper Notes, Important Questions, Sample papers and NCERT Solutions for CBSE Class 12 Business Studies Staffing. The important questions & answers of CBSE Class 12 Business Studies Chapter 8 (Controlling) are given here. Under control performance of each person is evaluated and efficient persons are motivated by providing them financial and non-financial incentives whereas inefficient employees are provided training to remove their deficiencies. Q2: Both quantitative and qualitative benchmarks are set to measure actual performance. Controlling is a continuous Process: It involves continuous measurement and review of actual performance and results in corrective action based on this review. Control is forward-looking: Control is said to be forward-looking. Also, management audit is not compulsory under any law.
