MGT 330 Steps of Control
Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples.
Your initial post should be at least 200 words in length.
Baack, D., Reilly, M., & Minnick, C., & (2014). The five functions of effective management(2nd ed.). San Diego, CA: Bridgepoint Education, Inc.
The four steps that are involved in controlling function include; establishment of standards, comparing performance with the standards, measurements and taking corrective actions. Therefore, the above steps are important because the organization is able to compare actual work performance with the established standards. The manager will manage to find out whether the presented standards are less or more than the general standards. Controlling function also make it quite possible to use both physical and human resources efficiently (Baack, Reilly, & Minnick, 2014). Thus, through these steps the organization ensures…