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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 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.
What are the four key actions used to develop controls?
The four key actions used to develop controls are: identifying risks, establishing control objectives, designing control activities, and monitoring and reviewing the effectiveness of those controls. First, organizations assess potential risks that could impact their objectives. Then, they set specific objectives for what the controls should achieve. Afterward, appropriate control activities are designed and implemented to mitigate the identified risks. Finally, continuous monitoring and review ensure that the controls remain effective and relevant over time.
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
Aim and objective of industrial pollution control?
objectives of pollution control?
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.
What are the objectives of material control in cost accounting?
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Within control measures analysis how might a control be mission-compatible?
if the risk control measure is consistent with mission objectives and budget constraints
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
