Principles And Practices Of Management (B.Com) 1st Sem Previous Year Solved Question Paper 2022

A good control system should have the following essentials:

1. Objective: Clearly defined goals and objectives that the control system aims to achieve.
2. Feedback: The ability to gather information about the system’s performance through feedback mechanisms.
3. Measurement: Accurate and reliable measurement of relevant variables and parameters.
4. Comparison: Comparing actual performance with desired performance or set standards.
5. Correction: The capability to make necessary adjustments or corrections to bring the system back on track when deviations occur.
6. Timeliness: Providing timely information and responses to maintain control over the system.
7. Flexibility: The ability to adapt to changes in the environment or system conditions.
8. Economy: Cost-effectiveness in implementing and maintaining the control system.
9. Consistency: Consistency in applying control measures and standards across the system.
10. Transparency: Ensuring that the control process is transparent and understandable to those involved.
11. Responsibility: Clearly defined roles and responsibilities for individuals involved in the control process.
12. Monitoring: Continuous monitoring of the system’s performance and control measures.
13. Communication: Effective communication channels to convey information and updates.

These essentials are crucial for ensuring that a control system effectively manages and regulates a given process or system.