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WHY ARE Planning and control the Siamese twins of management?
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.
Why is it necessary to monitor and control strategic plans?
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.
What are the Objectives of Cost Control and Reduction?
Cost control and reduction is the way that business managers monitor, analyze and cut expenses. The objective is to lessen expenditures.
What are the objectives of csh management?
The objectives of cash management include ensuring sufficient liquidity to meet operational needs, optimizing the use of cash resources to enhance profitability, and minimizing financial risks associated with cash flow fluctuations. Effective cash management aims to maintain an adequate cash reserve while investing any surplus funds wisely. Additionally, it seeks to streamline cash collection and disbursement processes to improve overall efficiency and control costs. Ultimately, the goal is to support the organization's financial health and strategic objectives.
What is the importance of strategic evaluation and control?
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.
Are the objectives of flow control and congestion control the same?
Average rate will remain same but Flow control: end-to-end mechanism for regulating traffic between source and destination • Congestion control: Mechanism used by the network to limit congestion
What is difference between objectives and functions?
The objective of a water supply it to get water into houses. The function of the pipe it to carry that water and the function of a tap is to control the flow of the water.
What are the objectives of price control in nigeria?
to control inflation
What is magneto abrasive flow machining process?
objectives of magneto abrasive flow machining
What are the 5 key control objectives in cash payments?
list 5 key control objectives in a cash payment system
What are the 5 key control objectives in cash payment system?
list 5 key control objectives in a cash payment system
What is difference between datalink layer flow control and transport layer flow control?
The difference between datalink layer flow control and transport layer flow control is the need to keep the different layers of data separate in the flow control option.
Aim and objective of industrial pollution control?
objectives of pollution control?
Within control measures analysis how might a control be mission-compatible?
if the risk control measure is consistent with mission objectives and budget constraints
What are the objectives of material control in cost accounting?
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Which flow control is used to avoid transmitting host overflowing the buffers of receiving host at transport layer?
Flow Control
Control activities should be effective and efficient in accomplishing the agency's objectives?
Control
