Management Finance - Part 1

Which of the following would indicate poor control design?

Type: MCQ • Marks: 1
Which of the following would indicate poor control design?
Options
A. Standards are measurable and relevant
B. Performance is measured periodically
C. Corrective action is based on significant deviations
D. Standards are impossible to measure and unrelated to organisational objectives
Explanation
Effective control requires meaningful, realistic and relevant standards. Poorly designed standards make comparison and corrective action ineffective.
UPSC Principal & Vice Principal Management Finance Administration

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