Target Exam

CUET

Subject

Business Studies

Chapter

Controlling

Question:

Consider the following facts regarding the relationship between Planning and Controlling.

(A) Planning and Controlling are inseparable twins of Management

(B) Controlling without Planning is meaningless

(C) Planning is clearly a prerequisite for Controlling

(D) Planning is evaluative whereas Controlling is prescriptive

(E) Controlling is blind without Planning

Choose the correct answer from the options given below :

Options:

(A), (B) and (E) only

(A), (B) and (D) only

(A), (C) and (E) only

(A), (C) and (D) only

Correct Answer:

(A), (C) and (E) only

Explanation:

The correct answer is option (3)- (A), (C) and (E) only.

(A) Planning and Controlling are inseparable twins of Management. THIS IS TRUE. Planning and controlling are inseparable twins of management. A system of control presupposes the existence of certain standards. These standards of performance which serve as the basis of controlling are provided by planning.

(B) Controlling without Planning is meaningless. THIS IS FALSE as planning without controlling is meaningless. A system of control presupposes the existence of certain standards. These standards of performance which serve as the basis of controlling are provided by planning. Once a plan becomes operational, controlling is necessary to monitor the progress, measure it, discover deviations and initiate corrective measures to ensure that events conform to plans. Thus, planning without controlling is meaningless.

(C) Planning is clearly a prerequisite for Controlling. THIS IS TRUE. Planning and controlling are inseparable twins of management. A system of control presupposes the existence of certain standards. These standards of performance which serve as the basis of controlling are provided by planning. Once a plan becomes operational, controlling is necessary to monitor the progress, measure it, discover deviations and initiate corrective measures to ensure that events conform to plans. Thus, planning without controlling is meaningless. Similarly, controlling is blind without planning. If the standards are not set in advance, managers have nothing to control. When there is no plan, there is no basis of controlling. Planning is clearly a prerequisite for controlling.

(D) Planning is evaluative whereas Controlling is prescriptive. THIS IS FALSE as Planning is prescriptive whereas, controlling is evaluative. Without planning there is no predetermined understanding of the desired performance. Planning seeks consistent, integrated and articulated programmes while controlling seeks to compel events to conform to plans. Planning is basically an intellectual process involving thinking, articulation and analysis to discover and prescribe an appropriate course of action for achieving objectives. Controlling, on the other hand, checks whether decisions have been translated into desired action. Planning is thus, prescriptive whereas, controlling is evaluative.

(E) Controlling is blind without Planning. THIS IS TRUE. Planning and controlling are inseparable twins of management. A system of control presupposes the existence of certain standards. These standards of performance which serve as the basis of controlling are provided by planning. Once a plan becomes operational, controlling is necessary to monitor the progress, measure it, discover deviations and initiate corrective measures to ensure that events conform to plans. Thus, planning without controlling is meaningless. Similarly, controlling is blind without planning. If the standards are not set in advance, managers have nothing to control. When there is no plan, there is no basis of controlling. Planning is clearly a prerequisite for controlling.