Feedback from the control function helps managers compare actual results with planned results and take corrective actions.

Q: control is the process of setting goals and determining way to achieve them true false

A: Control is a function of management in accounting which helps to check errors in order to take…

Q: Identify instances for which feedback becomes useless in helping to control activities.

A: Definition: Internal Control: Internal control refers to the plan of a company. Implementation of…

Q: What are the advantages and disadvantages of using the balanced scorecard approach to performance…

A: Introduction:- As a management tool, it helps companies in assessing overall performance and in…

Q: Explain the concept of active management.

A: Explain the concept of active management.  There are two type of management for stock management One…

Q: Explain the importance of auditing in reducing information risk.

A: Auditing refers to the evaluation conducted to determine the effectiveness of a firms internal…

Q: valuate the key elements of a human resource management strategy.

A: HRM strategy is a plan that lead to the implementation of a company's human resources department's…

Q: Compare and contrast the difference between the retrospective analytics approachand the predictive…

A: Retrospective analytics approach is a process of finding the useful data in order to evaluate what…

Q: Explain how managers use CVP analysis in decision making

A: Full for of CVP is Cost- Volume- Profit Analysis. It is that method of cost accounting that studies…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.