Download App

CONTROLLING — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMCONTROLLING3 Marks
Question
Explain the relation between planning and controlling.
✓

Answer

Planning and controlling are two sides of the same coin:
  • Planning and controlling are two very important and interdependent functions of the management process. The success of planning depends on Controlling.
  • The function of controlling identifies deviations, takes necessary corrective action and hence keeps the business activities on the decided direction.
  • Looking from other perspective, the role of controlling comes only when something is planned. So, if there is no planning, there is no controlling.
  • Thus, planning and controlling are two sides of the same coin.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Each" from CONTROLLING→CONTROLLING — all question types→OCM STD 12 Commerce question papers→Gujarat Board STD 12 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Which internal factors affect the business environment?
→
Write notes on social and cultural factors affecting business environment.
→
“No capital structure contains all ideal characteristics of good capital structure.”-Explain.
→
Write a short note on National Securites Depository Limited $(NSDL).$
→
Explain the importance of consumer protection from the Viewpoint of consumer.
→
Mention positive effects of globalization.
→
Give an overview of the money market.
→
Enlist reasons for inefficient public sector units.
→
“Mind your men and your men will mind everything else for you.”-Explain.
→
“Share market is a barometer indicating economic condition of the nation”-Explain.
→