Management Finance - Part 1

Which statement best describes the relationship between planning and control?

Type: MCQ • Marks: 1
Which statement best describes the relationship between planning and control?
Options
A. They are completely independent
B. Planning establishes objectives and standards, while control assesses actual performance against them
C. Control always precedes planning
D. Planning becomes unnecessary once control is introduced
Explanation
Planning and control form a continuous management cycle. Control also provides feedback for subsequent planning.
Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test. Purchase Now
UPSC Principal & Vice Principal Management Finance Administration

Practice more

This page is indexed for search so students can find questions directly from Google.

Purchase Full Access View full Test Series Browse Test Series
Login / Register
Chat on WhatsApp Go Back Top