After setting performance standards, the next step in the controlling process is measurement of actual performance.

Monjur Alahi

After setting performance standards, the next step in the controlling process is measurement of actual performance. Explain this step in the process of controlling.


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

The next step is measuring the performance: It is necessary to measure performance in all key areas of business periodically and at such intervals the defects should be discovered before much damage has been done. Measurement of performance must be done in simple, clear, rational, reliable and relevant manner according to the nature of activities. For Example the performance of finance department may be measured by accounting ratios, gross profit ratio, return on investment, etc.

0 like 0 dislike
1 views
Talk Doctor Online in Bissoy App
How does the setting of cement takes place & what is the role of gypsum in setting of cement ?

When mixed with water, the setting of cement takes place to give a hard mass. This is due to the hydration of the molecules of the constituents and their Rearrangement....

1 Answers 1 views
Explain how controlling helps in: (a) Accomplishing organisation goals, and (b) Judging accuracy of standards.

(a) Accomplishing organisational goals: The controlling function measures progress towards the organisational goals and brings to light the deviations, if any, and indicates corrective action. It, thus, guides the organization...

1 Answers 1 views
Standards are set in quantitative as well as qualitative terms. Identify the types of standards that are set in terms of time to be spent.

Time Standards in quantitative terms.

1 Answers 1 views
Standards are set in quantitative as well as qualitative terms. Identify the type of standards that are set in terms of 'cost to be incurred'.

Monetary standards in quantitative terms.

1 Answers 1 views
What should be the 'focus point' for a manager while controlling, as controlling at each and every step is not possible?

Focus point for a manager while controlling should be the "Key Result Areas".

1 Answers 1 views
State why is actual performance compared with standards in the process of controlling.

Actual performance is compared with standards in the process of controlling to take corrective actions if significant deviation, occurs.

1 Answers 1 views
What is the last step in the process of controlling?

Taking corrective actions

1 Answers 1 views
"In analysing deviations between actual performance and standard performance, two key concepts are used so that attention

The two concepts are critical point control and management by exception. Critical Point Control: For controlling effectively, control should be exercised only on critical points which are identified on the...

1 Answers 1 views
"In analysing deviations between actual performance and standard performance, two key concepts are used so that attention 1 Answers 1 views
The <td> tag (column setting) have higher priority than <tr> tag (row setting).

True The &lt;td&gt; tag (column setting) have higher priority than &lt;tr&gt; tag (row setting).

1 Answers 1 views
X