“Controlling is forward looking”. Explain. - Vidyadip

Question

“Controlling is forward looking”. Explain.

✓

Answer

Controlling compares actual results with the standards, finds out the deviation, if any, detects the reasons for the deviations and employs corrective measures to prevent the recurrence of these mistakes in the future. It seeks to improve the future on the basis of the past experience. So, controlling is forward looking.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Controlling→Controlling — all question types→Business Studies STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is meant by ‘Selling Concept’ of marketing?

The Production Head of Maruti Udyog Ltd instructs his foreman to go slow in producing the product but the Sales Manager wants more production in order to increase the sales of the company. Thus, he forced the production foreman to go fast. Which principle of management is being violated in this case? State the consequences which can occur.

What do you understand by insider trading?

"Primary Market directly contributes to capital formation, whereas, secondary market does so indirectly." Do you agree?

What does mental revolution imply in scientific management?

Differentiate between transfers and promotions.

What does promotion mean? Explain various communication tools for promotion.

What is meant by financial management? State any two financial decisions taken by a financial manager.

State the steps in the selection procedure, after the employment interview and before the job offer.

Explain any three points that highlight the importance of planning.