Discuss the purpose and procedures related to internal control.

Q: An effective system of internal control within an organization is a prerequisites of effective…

A: All organizations are performance-driven and the governance policies, strategies adopted by the…

Q: Sample of nature and concepts of management

A: Organizations cannot function without using management. An organization cannot survive and grow…

Q: Define the concept of authority and responsibility in management and their relationship

A: Within an organization, an authority has the legal right to make decisions and issue orders. The…

Q: Identify and explain the FIVE components of a system of internal control.

A: So we can say that where I think internal controls are one of the most essential elements within any…

Q: Planning monitoring and control is often considered a closed system because of this. Which planning,…

A: Planning and monitoring is a continuous process which needs continuous tracking, reviewing and…

Q: Reviewing policies procedures or rules explain

A: Policy: A policy is a high level commitment to guide present and future decisions in relation to…

Q: describe the role of employee empowerment audit in the day -to- day functioning of an organisation.

A: A corporate concept known as "employee empowerment" highlights the value of giving workers more…

Q: Describe the two types of operational responsibility.

A: Operational Responsibility: Operational responsibilities take place in a company’s day-to-day…

Q: describe how different levels of control (the Operational control, Financial control, Structural…

A: Every organization has an aim to maximize profitability, therefore it is very important to control…

Q: Explain the three rules that govern integrity in the organization. It would be helpful if you could…

A: Organizational integrity refers to the integrity that each member of the organization holds. It…

Q: How do managers ensure effective control systems in their workplaces to achieve both short term and…

A: In today's dynamic and competitive business landscape, effective control systems are essential for…

Q: DESCRIBE THE FOUR TYPES OF CONTROL OBJECTIVES THAT THE COMPANIES NEED TO SET

A: CONTROL: This is one of the managerial functions that involve measuring the actual performance with…

Q: Identify and describe the six political strategies of expenditures.

A: Introduction: The various ways in which governments allocate resources to achieve their political…

Q: Discuss three types of control process you would use in a business

A: The control process: It is an important management function, in which management engages in setting,…

Q: Define managerial planning and controlling and the relationship between the two.

A: The key difficulty for a manager is to address challenges effectively. By adopting from a number of…

Q: What does control mean for a business?  What do companies have to do to be in control?

A: In the dynamic and ever-evolving landscape of modern commerce, businesses face a myriad of…

Q: Define management and its function

A: Management should consider the interests of all stakeholders engaged in the firm, like the…

Q: What is a local control mechanism?

A: By definition, local control of the blood stream alludes to mechanisms characteristic for the veins…

Q: Distinguish between MIS and DSS. Who within the organisation is most likely to find each useful,and…

A: Decision support systems:- Senior managers can make unusual judgments with the help of a decision…

Q: Why should responsibilities and authorities be documented?

A: An organization is an entity that has different goals and objectives. The goals and the objectives…

Q: What is control?

A: Control: Evaluate the performance by constantly monitoring execution by comparing it with standard…

Q: What constitutes a good internal control environment?

A: The control environment the setting in which employees perform their operations and carry out their…

Q: In a business setting, what exactly does "control" mean?

A: Business management generally focuses on arranging or organizing the resources of an organization…

Q: Explain how strategic controls and operating controls can be used in controlling process.

A: The entrepreneurs will form an organization majorly for two things, one is to gain profits from the…

Q: Explain Strategic control?

A: Control is a function that is used in management which helps to check errors in order to take…

Q: What are an organization's FOUR major goals for an internal control system? An organization's…

A: Internal control is the process of ensuring the effectiveness and efficiency of operations.

Q: the functional areas of management 2. Identify the Management Process and Management level. 3.…

A: There are basically 5 different functional areas of management which may differ from organization to…

Q: Explain Controlling function of Management and give a suitable example

A: Controlling entails ensuring that everything goes according to the plans, instructions, and…

Q: Describe the first three steps in the control process that an owner of a firm  would do

A: Controlling as a role of management confirms that the work is executed in the corporation according…

Q: What are the general management practices in ITIL?

A: The IT Infrastructure Library (ITIL) is a library of volumes depicting a system of best practices…

Q: Sociological, Technological, Legal, and Environmental) analysis of the environment in which a…

A: Features of environment: 1. It is very hard to foresee how the business environment will change. The…

Introduction to Control systems

A control system in the field of operational management is a system that manages all the organizational resources. A few organizational resources are human resources, physical resources, and financial resources. Control systems work as a controller of all the organizations which collect the necessary information related to the resources and properly analyze the same. The control systems help any organization achieve its goal and maximize its advantages. The proper control of the management systems and the proper implementation of the strategies are responsibilities of the operations manager.