Controlling is like thermostat in refrigerators. Explain.
Hey Bubbly,
It is correct to say that controlling is like thermostat in refrigerators. This is because controlling is an important and an indispensable function of management. It aims at managing the managerial actions by setting the standards and identifying the deviations of actual performance as against the set standards. It also ensures optimum utilisation of resources while taking corrective measures for the deviations. This topic has been covered in our NCERT solutions. You can refer to the same following the below mentioned path.
Business Studies- NCERT solutions- Chapter 8 (Controlling)- Pg 234- Ques 3 (Long Answers)
It is correct to say that controlling is like thermostat in refrigerators. This is because controlling is an important and an indispensable function of management. It aims at managing the managerial actions by setting the standards and identifying the deviations of actual performance as against the set standards. It also ensures optimum utilisation of resources while taking corrective measures for the deviations. This topic has been covered in our NCERT solutions. You can refer to the same following the below mentioned path.
Business Studies- NCERT solutions- Chapter 8 (Controlling)- Pg 234- Ques 3 (Long Answers)