Question : Statement 1: Controlling is vital for achieving organizational objectives.
Statement 2: Controlling does not impact resource utilization.
Option 1: Both correct.
Option 2: Both incorrect.
Option 3: Statement 1 correct, Statement 2 incorrect.
Option 4: Statement 2 incorrect, Statement 1 correct.
Correct Answer: Statement 1 correct, Statement 2 incorrect.
Solution : The correct answer is (c) Statement 1 correct, Statement 2 incorrect.
Statement 1 is correct. Controlling is indeed a vital function in management because it helps ensure that the organization's activities and performance align with its objectives and plans.
Statement 2 is incorrect. Controlling has a significant impact on resource utilization. It involves monitoring and evaluating the use of resources to ensure they are being used optimally to achieve organizational objectives. Controlling often identifies areas where resource utilization can be improved.
Question : Statement 1: Controlling does not impact resource allocation in an organization.
Statement 2: Controlling ensures that resources are effectively utilized to achieve goals.
Question : Statement 1: Controlling is a one-time evaluation and does not require continuous adjustments.
Statement 2: Controlling is an ongoing and continuous process.
Question : Statement 1: Controlling is a one-time process in an organization.
Statement 2: Controlling requires continuous evaluation.
Question : Statement 1: Controlling involves setting performance standards.
Statement 2: Controlling involves evaluating employee performance.
Question : Statement 1: Strategy involves resource allocation for objectives.
Statement 2: Strategy formulation is solely a top-level management function.
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