Mr. Dey worked as a manager in a company manufacturing stationery items for 10 years. Later he thought of starting his own business as he acquired the skills and expertise in the past. He started his own venture and divided the organisation into six major departments- Production, Marketing, Purchase, Legal, Human resource and Finance. After a month, he called upon a meeting of all the departmental heads in his office and told the managers of the production, marketing, and finance departments to be very vigilant as their departments are critical to the success of the business. Shortcomings in personnel, purchase and legal departments would not affect the success of the business. Therefore, Mr.Sandhu determined deviation tolerance limits for the critical department. Identify the relevant concept of controlling in the above situation.
Mr. Dey worked as a manager in a company manufacturing stationery items for 10 years. Later he thought of starting his own business as he acquired the skills and expertise in the past. He started his own venture and divided the organisation into six major departments- Production, Marketing, Purchase, Legal, Human resource and Finance. After a month, he called upon a meeting of all the departmental heads in his office and told the managers of the production, marketing, and finance departments to be very vigilant as their departments are critical to the success of the business. Shortcomings in personnel, purchase and legal departments would not affect the success of the business. Therefore, Mr.Sandhu determined deviation tolerance limits for the critical department. Identify the relevant concept of controlling in the above situation.
The correct option is D All of the above
Departmentalisation, Critical point control and Controlling by exception are all relevant concepts of controlling.
All of the above
Departmentalisation, Critical point control and Controlling by exception are all relevant concepts of controlling.
