Explain the difference between informal and formal control systems. What type of control system isstrategic performance measurement?

Q: 1. Based on the concepts related to Foundations of Control ,discuss in extent why control is…

A: Controlling : Controlling can be defined as one of the most important function of management in the…

Q: Define and Write down the principles of quantitative management, systems approach. Also give…

A: The quantitative approach to management:It includes the use of quantitative techniques, such as…

Q: What three auditor actions are required to address the potentialfor management override of controls?

A: An auditor is an entity who is allowed to inspect and check the accuracy of financial reports and…

Q: List and briefly explain the elements of the CP control process?

A: A control process is a mechanism that enables a company to calculate, fit, set, and tweak any…

Q: Describe the Little’s Law?

A: Little’s law for waiting for the queue is defined as “the average number of customers (L) in the…

Q: answer as briefly and direct to the point (give 4-5 sentences each question) 1. Does controlling is…

A: Controlling is applicable in day to day activities as it helps  to cope with the changes as new…

Q: Do you find any internal control issues in the company? Do you think that the intemal audit…

A: Inspection refers to the ability to check, research, or examine the situation carefully.

Q: Functions of management.....please briefly explain this question..!!

A: Management is the process of doing something or dealing with something or controlling people. It is…

Q: What is  the importance of control management function

A: One of the most important functions of management is to control and direct all activities performed…

Q: What are the FOUR broad goals of an organization's internal control system? What are the FOUR broad…

A: The internal control system of an organization is made up of the policies and systems set to provide…

Q: Explain the five componentsof the COSO internal controlframework.

A: COSO internal control framework- This framework defines the internal control for the senior…

Q: During the system study, the executive vice-president and the other managers exercise their…

A: Controlling is the responsibility of the executive vice-president and other managers during the…

Q: Define managerial planning and controlling and the relationship between the two.

A: The key difficulty for a manager is to address challenges effectively. By adopting from a number of…

Q: Who oversees the organization’s system of internal control? Group of answer choices Internal…

A: Internal control is the process of ensuring that the organizational objectives and goals are…

Q: Management control definition? Briefly explain the important roles played by management control in a…

A: Management is a part of every organization. It includes planning, organizing, controlling, leading,…

Q: Define controlling , its importance, list out the steps in control process, explain briefly…

A: Controlling is one of the management function for ensuring whether the actual received outcome…

Q: What are the main differences between Cybernetics Paradigm and Contingency Paradigms approaches to…

A: The management control system can be defined as the system in which the organization uses the…

Q: What constitutes a good internal control environment?

A: The control environment the setting in which employees perform their operations and carry out their…

Q: Distinguish between cybernetic control and post control models

A: Cybernetic control is the control system through which self-regulation mechanism is maintained at…

Q: Discuss management and it’s processes?

A: The main purpose of a company is to satisfy the customers. To have the customer satisfaction, the…

Q: What are the qualifications and responsibilities of a DRR manager

A: Purpose of the post of DRR Manager Under the administration of and inconsistent consultation with…

Q: Explain and describe  that how internal control hepls in functioning in an IT organization

A: Internal control is the methodology that ensures that only an organization's goal of maximising…

Q: Use the seven quality tools to apply continuous management concepts?

A: Every company strives for increased efficiency, efficient resource use, and reduced waste, but…

Q: The following are control measures except. A. Financial audit & amp; formal investigation B. Staff…

A: In every organization, there are different functions of management like planning, organizing,…

Q: Describe the importance of strategic leaders in managing a firm’s resources. Does Mark Zuckerberg…

A: Strategic leaders are the ones who perform all the business activities smoothly with keeping in mind…

Q: What are the differences among a pervasive control plan, a business process control plan, an…

A: The control process is described as a process of management through which business activities move…

Q: Explain how strategic controls and operating controls can be used in controlling process.

A: The entrepreneurs will form an organization majorly for two things, one is to gain profits from the…

Q: are 4 essential supervisory competencies? Why are they important in today's world?

A: ans:  every workforce needs to have a certain level of supervisory or managerial competencies for…

Q: How can management planning and controlling  help  to reduce control problem  in organization.

A: Management planning enable the organization to move in right directions by properly forecasting and…

Q: Describe the objective of internal control as defined by COSO?

A: Internal control is a term that relates to the practice of assuring the efficacy and efficiency of…

Q: What are an organization's FOUR major goals for an internal control system? An organization's…

A: Internal control is the process of ensuring the effectiveness and efficiency of operations.

Q: 2. Give 3 specific examples of unsafe or conditions in this meatpacking factory? unsanitary

A: The 3 specific examples of unsafe or unsanitary conditions in the meatpacking factory are as…

Q: List and explain the three types of control.

A: Management is the process of doing something or dealing with something or controlling people. It is…

Q: What are the goals of controlling

A: Controlling is a management role that assists in obtaining expected outcomes from subordinates,…

Q: What would a manager recommends the CEO to evaluate processes, risks, and internal controls for its…

A: The manager needs to analyse the way of functioning prior to recommendation. A report can be…

Q: Explain the steps in the control process, and describe the three levels of control.

A: Controlling can be defined as one of the most important function of management in the organization…

Q: Describe what are the objectives of control and production planning?

A: Production planning and control is in charge of scheduling and controlling material and capacity to…

Q: What is involved in medium-term planning and control?

A: Control and planning are inextricably linked; planning entails the establishment of objectives and…

Q: What are the basic elements of Internal Control? Discuss each element.

A: Below is the solution:-

Q: How planning and control linked?

A: Planning Planning is the first step in making or achieving a goal. Planning is the method of…

Introduction to Control systems

A control system in the field of operational management is a system that manages all the organizational resources. A few organizational resources are human resources, physical resources, and financial resources. Control systems work as a controller of all the organizations which collect the necessary information related to the resources and properly analyze the same. The control systems help any organization achieve its goal and maximize its advantages. The proper control of the management systems and the proper implementation of the strategies are responsibilities of the operations manager.