Question
After the quarterly results, a manager analyses
performance reports, identifies deviations from budgeted targets, investigates reasons for cost overruns, and revises procedures to prevent recurrence in future periods. Which managerial function best describes this process?Solution
The process described aligns perfectly with theĀ ControllingĀ function of management. Controlling is defined as the process of monitoring performance, comparing it with goals, and taking corrective action as needed. In this scenario:Ā
- Analysing performance reportsĀ is the measurement of actual results.
- Identifying deviationsĀ is the comparison of actual performance against budgeted targets.
- Investigating overruns and revising proceduresĀ constitutes taking corrective action to ensure future results align with plans.Ā
Select the most appropriate meaning of the given idiom
Beyond the pale
In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in ...
Pompous
The noxious fumes made it hard to breathe.
Choose the word correct synonym:
Antecedent
Select the most appropriate ANTONYM of the bold word.
The manager was suspended as he was having a clandestine affair.
In the following question, four words have been given out of which one word is incorrectly spelt. Select the incorrectly spelt word.
The atmosphere was tense during the meeting.
Sanguine
...Select the correctly spelt word.
