Management by exception is controlling performance in key result areas.
Answer: B
False; controlling performance in key result areas is critical point control.
Control by action involves reporting of exceptional deviation between actual performance and standard performance to top management.
Answer: B
False; management by exception involves such reporting.
Controlling helps in achieving organisational objectives.
Answer: A
True; by suggesting corrective action, if required.
This concept of Control Management is based on the belief that if you try to control everything, you may end up controlling nothing.
Answer: C
(c) Management by exception
In an artificial plants manufacturing unit, the standard output set for a worker is 50 units per day. Dinesh produces 48 units in one day. In the given case, the value of deviation is
Answer: A
(a) -2