Question

. Banware Lal is a cloth merchant in Karol Bagh. His grandsons are requesting him to let them diversify

the business into bridal wear. Banwari Lal has agreed but on the condition that they will follow the

function of management he has always followed, which helps an organisation in keeping track of the

progress of activities and ensures that the activities conform to the standards set in advance so that the

organisational goals are achieved. Name the function of management which Banwari Lal is asking his

grandsons to follow. List any two reasons why it is considered an indispensable function​

Answer 1

Answer:

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Answer 2

Answer:

The function of management which Banwari Lal is asking his grandsons to follow is ‘Controlling’.

Following are the reasons why it is considered an indispensable function of management (any two)

(i) Accomplishing Organisational Goals It measures the accomplishment of work against the standards and corrects deviations. This helps in ensuring that organisation is moving on right

track to achieve the organisational goals.

(ii) Judging Accuracy of Standards A sound controlling system helps the management to verify whether the standards set are accurate and objective. It keeps a careful check on the changes, which are taking place in the organisation and in the environment, thereby helping to review and raise the standards in the light of such changes.

(iii) Making Efficient Use of Resources By exercising control, a manager seeks to reduce wastage and spoilage of resources. Each activity is performed in accordance with predetermined standards and norms, which helps in effective and efficient utilisation of resources.