Question

Explain at least four control tools. For each tool, provide situations that may warrant its use.

Answer 1

Control tools and techniques help managers pinpoint the organizational strengths and weaknesses on which useful control strategy must focus.

Explanation:

Direct Supervision and Observation. 'Direct Supervision and Observation' is the oldest technique of controlling. ...

Financial Statements. ...

Budgetary Control. ...

Break Even Analysis. ...

Return on Investment (ROI) ...

Management by Objectives (MBO) ...

Management Audit. ...

Management Information System (MIS)

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