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Business Studies

Traditional Techniques of Managerial control

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Question

Write a word or a phrase or a term which can substitute each one of the following :

A process of taking steps to bring actual results and desired results closer

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Solution

A process of taking steps to bring actual results and desired results closer together - Controlling
Explanation:
Under controlling, when deviations go beyond the admissible limits, there arises a need for the management to take corrective actions. This is the last step of controlling; it aims at correcting the deficiencies of the organisation so as to bring the desired results closer and ensures that the errors do not occur again.

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