Question : Case Study 5:
EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource utilization.
Question:
Which step in the controlling process involves identifying the causes of deviations at EFG Manufacturing?
Option 1: Setting performance standards.
Option 2: Measuring actual performance.
Option 3: Comparing actual performance with standards.
Option 4: Taking corrective action.
Correct Answer: Taking corrective action.
Solution : The correct answer is (d) Taking corrective action.
Identifying the causes of deviations is a crucial step within the corrective action phase of the controlling process. In this context, EFG Manufacturing would need to analyze the differences between actual performance and established performance standards and then determine the root causes of these deviations. Once the causes are identified, the company can develop appropriate strategies to address them and bring performance back in line with the desired standards. This process of taking corrective action helps improve productivity and resource utilization by addressing any issues that might hinder efficient operations within the organization.
Question : Case Study 19:
EFG Manufacturing is a company that produces consumer goods. The management team at EFG wants to implement a robust control system to improve productivity and optimize resource
Question : Case Study 12:
Question : Case Study 16:
LMN Services is a service-based organization. The management team wants to implement control measures to improve employee performance and customer satisfaction.
Which step in the process of
Question : Case Study 9:
Question : Case Study 3:
LMN Corporation is a multinational conglomerate with various business units. The company has a decentralized management structure and wants to ensure effective coordination among its units.
Which
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile