through careful monitoring of the financial budget of a firm, managers can detect potential problems in reaching their financial goals and take actions to reverse the problem. this is an example of the management function of .

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13-09-2022
Business

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through careful monitoring of the financial budget of a firm, managers can detect potential problems in reaching their financial goals and take actions to reverse the problem. this is an example of the management function of .

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tutorconsortium31 tutorconsortium31 · Answer 1 · 2022-09-15T16:13:07-04:00

It is an example of Controlling management function

What is Controlling management function ?

Controlling is a management function that aids in obtaining desired results from employees at all organisational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.

Controlling in management is seen in the administration of a business that sells motorcycles on credit. The first phase in the four-step process of management's regulatory duty is to establish criteria for work performance. tracking performance data

Comparing actual performances with anticipated outcomes is controlling's most crucial task. Managers can then better grasp their strengths and areas for improvement as a result. With this knowledge, managers can make the most use of all resources and avoid wasting them.

Learn more about Control management function here:

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