___________ is an instrument used by management to chart its course for any given period.
Internal audit
Break even analysis
Budgeting
Statistical reports
The performance should be measured in __________.
Qualitative terms
Quantitative terms
Qualitative and Quantitative terms
None of these
Sometimes actual performance is much higher than the standard this would mean that selling of standard was_____________.
Good
Average
Lenient
Poor
____________ is an important principle of organisational control.
Control by exception
Statistical report
Budgetary control
The performance of _______________ can be assessed on the basis of debtors turnover and average collection period.
Collection management
Money management
Finance management
Credit management
__________ aims at finding out various drawbacks in the working of an enterprise.
Planning
Organising
Directing
Controlling
Controlling is important because it helps in ________________.
Copy with organising
Maintaining and improving quality
Minimising errors
All of these
Controlling is a ____________.
Regulatory function
Better selection
Right placement
_______ is concerned with the cost volume profit relationship.
Break even analaysis
____________ is the point at which income from sales covers the exact expenses.
Break even point