📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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?
    A Planning Correct Answer Incorrect Answer
    B Directing Correct Answer Incorrect Answer
    C Organising Correct Answer Incorrect Answer
    D Staffing Correct Answer Incorrect Answer
    E Controlling Correct Answer Incorrect Answer

    Solution

    The process described aligns perfectly with the Controlling 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: 

    • Analysing performance reports is the measurement of actual results.
    • Identifying deviations is the comparison of actual performance against budgeted targets.
    • Investigating overruns and revising procedures constitutes taking corrective action to ensure future results align with plans. 

    Practice Next
    More The Management Basics Questions
    ask-question