CBSE Class 12 Business Studies Controlling Worksheet Set A

Answer in one word to one sentence

Question. Controlling is as much required in an educational institution, military, hospital, and a club as in any business organisation.
What feature of nature of controlling is highlighted above?
Andwer : Controlling is a pervasive function.

Question. Today almost every business organisation has computer monitoring as a part of their control system. Which point of importance of controlling function of management is highlighted above?
Andwer : Controlling helps in ensuring order and discipline in the organisation.

Question. Name the function of management which is concerned with monitoring organisational performance towards the attainment of organisational goals.
Andwer : Controlling

Question. Why is controlling called a continuous process?
Andwer : Controlling is a continuous process because it involves a constant review of actual performance for taking corrective action, if any.

Question. In case of assembling task, each part produced should be checked before assembling. Similarly, in a manufacturing plants levels of gas particles in the air could be continuously monitored for safety.
What step of controlling process and its aspect has been highlighted in the above examples?
Andwer : Measurement of actual performance wherever possible, measurement of work should be done during the performance.

Question. Standards are set in quantitative as well as in qualitative terms. Identify the type of standards when it is set in terms of ‘Cost to be incurred.
Andwer : Quantitative standards

Question. Which two steps in the process of controlling are concerned with compelling events to conform to the plan?
Andwer : (i) Comparison of actual performance with standards
(ii) Taking corrective action

Question. What is important while analysing deviations in controlling?
Andwer : While analysing deviations, it is important to determine the acceptable range of deviations/Key result areas.

Question. What should be the ‘focus point’ for a manager while controlling, as controlling at each and every step is not possible?
Andwer : Key Result Areas (KRAs)

Question. Standards are set in quantitative as well as in qualitative terms. Identify the type of standards when it is set in terms of ‘time to be spent’.
Andwer : Quantitative standards

Question. Which term is used to indicate the difference between standard performance and actual performance?
Andwer : Deviation

Question. Give any two standards that can be used by a company to evaluate the performance of its Finance & Accounting department
Andwer : (i) Capital expenditure, Inventories, Flow of capital, Liquidity
 

Please click on below link to download CBSE Class 12 Business Studies Controlling Worksheet Set A