Modern Techniques of Managerial Control

Q.

What are the different types of control structures?

Q. Which term is used to indicate the difference between standard performance and actual performance?

Q.

Which Of The Following Is Not A Qualitative Forecasting Technique?

Q.

Identify the correct sequence of the steps involved in the controlling process.

1. Comparison of actual performance with standards, Setting performance standards. Measurement of actual performance, Analysing deviations, Taking corrective action

2. Comparison of actual performance with standards, Setting performance standards. Analysing deviations, Measurement of actual performance, Taking corrective action

3. Taking corrective action, Measurement of actual performance, Comparison of actual performance with standards, Analysing deviations, Setting performance standards

4. Measurement of actual performance, Taking corrective action, Setting performance standards, Comparison of actual performance with standards, Analysing deviations

Q.

___ are difference between actual performance and standard performance.

Q. ratio determines the short term solvency of a business.

1. Liquidity
2. Solvency
3. Turnover
4. Profitability

Q.

What are the different types of forecasts in demand forecasting?

Q.

A management audit is a technique to keep a check on the performance of:

1. Management of the company.

2. Company

3. Shareholders

4. Customers

Q. Deviations is the difference between actual performance and standard performance.

1. False
2. True

Q.

Autoencoders Cannot Be Used For Dimensionality Reduction

1. True
2. False

Q.

Management audit is a technique to keep a check on the performance of

1. Company

2. management of the company

3. shareholders

4. customers

Q.

Standards are set in quantitative as well as in qualitative terms, ___ type of standards when it is set in terms of ‘cost to be incurred’?

Q. What is the process of increasing the scope of a job by adding more tasks to it?

[1 mark]

1. Job enrichment
2. Job enlargement
3. Manpower planning
4. Job specification

Q.

What are the principles a manager must consider while dealing with deviation effectively?

1. Critical point control

2. Control by exception

3. Both A and B

4. None of these

Q.

Explain how management audit serves as an effective technique of controlling.

Q.

Explain how management audit serves as an effective technique of controlling.

Q.

Which Of The Following Does Not Store Data Permanently

1. RAM

2. ROM

3. Hard Disk

4. Floppy Disk

Q.

How do you calculate profitability ratios?

Q.

When actual performance is better than the plan performance it is called ___ .

1. Positive deviation.

2. Deviation

3. None of these

4. Negative deviation

Q.

Management audit is a technique to keep a check on the performance of

(a) Company

(b) Management of the company

(c) Shareholders

(d) Customers

Q.

What are 3 profitability ratios?

Q.

How do you interpret activity ratios?

Q.

Ram Is Also Known As

Q.

Standards are set in quantitative as well as qualitative terms. Identify the types of standards when it is set in terms of time to be spent.

Q. ratios are calculated to analyse the profitability position of a business.

1. Turnover
2. Solvency
3. Profitability
4. Liquidity

Q.

___ refers to communication regarding the reasons for the mismatch between actual and plan output and corrective actions.

1. Observation

2. Feedback

3. Assessment

4. None of these

Q. is a technique of controlling which measures whether or not invested capital has been used effectively.

1. ROI
2. Ratio Analysis
3. Statistical reports

Q. Objectives of management audit are:
1. To detect errors and frauds.
2. To report whether Balance Sheet and Profit and Loss Account present true and fair view of the business.
3. To ensure optimum utilization of human resources.
4. To suggest improved methods of managerial operations.
5. To point out weak spots in the organization structure.

1. 2, 4 and 5
2. 3, 4 and 5
3. 1, 3 and 4
4. 1, 2, 4 and 5

Q.

An ideal control system is the one that checks every bit of performance? State true or false.

1. True

2. False

Q. Which of the following is not a correct statement regarding management audit?

1. Management audit can be conducted effectively only by an expert in the area of financial audit
2. The management auditor is primarily concerned with the appraisal of performances in the various areas of management
3. Management audit cannot be effective unless it is fully supported by the top management
4. The Government may order a management audit with a view to examining the efficiency of the management of particular industrial unit