Different Controlling Methods and Techniques

Question 1

management function involves ensuring the work performance of the organizations members are aligned with the organizations values and standards through monitoring, comparing, and correcting their actions.

Answer 1

Controlling

Question 2

control that prevents anticipated problems before actual occurrence of the problems

Answer 2

Feed forward control

Question 3

control that takes place while the monitored activity is in progress

Answer 3

Concurrent Control

Question 4

control that takes place after an activity is done.

Answer 4

Feedback Control

Question 5

control of financial resources as they flow into the organization, are held by the organization and flow out of the organization.

Answer 5

Financial COntrol

Question 6

technique of managerial control in which all operations are planned in advance in the form of budgets and actual results are compared with budgetary standards.

Answer 6

Budgetary Control

Question 7

refers to analysis of financial statements through computation of ratios

Answer 7

Ratio Analysis

Question 8

also known as the Balance Sheet, presents the financial position of an entity at a given date.

Answer 8

Statement of Financial Position

Question 9

also known as the Profit and Loss Statement, reports the company’s financial performance in terms of net profit or loss over a specified period.

Answer 9

Income Statement

Question 10

(financial ratio) current assets/current liabilities

Answer 10

Current Ratio

Question 11

(financial ratio) current assets less inventories/current liabilities

Answer 11

Acid Test Ratio

Question 12

(financial ratio) total liabilities/total assets

Answer 12

Debt Ratio

Question 13

(financial ratio) COGS/average inventory

Answer 13

Inventory Turnover

Question 14

(financial ratio) net profit after tax/net sales

Answer 14

Profit Margin Ratio

Question 15

(financial ratio) net profit after tax/total asset

Answer 15

Return on Investment Ratio