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Identify the idea behind the diagram and explain its importance. |
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Answer» (a) Controlling (b) Importance of Controlling (1) Accomplishing organizational goals : The controlling function measures progress towards the organizational goals and brings to light the deviations, if any, and indicates corrective action. (2) Judging accuracy of standards: A good control system enables management to verify whether the standards set are accurate and objective. (3) Making efficient use of resources : By exercising control, a manager seeks to reduce wastage of resources. |
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