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In management, planning and control are inseparable and are referred to as the Siamese twins of management. They are used together to set standards, take corrective actions, and establish objectives and how to get the objectives.
Executive managers must monitor and control strategic plans because if they don't, then their goals may not align with the business objectives. By monitoring, they can eliminate projects and objectives that don't fit with their business.
Cost control and reduction is the way that business managers monitor, analyze and cut expenses. The objective is to lessen expenditures.
Production management is the planning,organisation,staffing,leading,control and coordinating of human and material resources for excution of the facility in a specific function to meet pre-determined objectives in the constraints of time cost and quality
Business evaluate and control the direction of their strategy to ensure they are meeting their objectives. If they didn't periodically monitor this information they could easily go out of business.
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An internal control system aides in ensuring financial statements are free from material misrepresentation and assets are sufficiently protected from misappropriation.
There are actually four internal control objectives of financial reporting. They are 1) Control Environment 2) Risk Assessment 3) Information and Communication Systems 4) Monitoring. These internal control objectives help aid in presenting financial statements that are free of material misstatements. But just because internal control measures are implemented, doesn't mean people cannot circumvent those controls.
to control inflation
list 5 key control objectives in a cash payment system
list 5 key control objectives in a cash payment system
objectives of pollution control?
if the risk control measure is consistent with mission objectives and budget constraints
Control
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Discuss the 3 primary application s on the control charts?
These are objectives that focus on market share and increasing the desire for a product. You can also do cost oriented objectives to control or drive costs.