Is defined as monitoring performance comparing it with goals and taking corrective?

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Is defined as monitoring performance comparing it with goals and taking corrective?

  • Jetaway, a small manufacturer of replacement parts forthe aircraft industry, had always maintained a simplelayout—all like machines were located together. That waythe firm could be as flexible as possible in producing small amounts of the variety of parts its customers re-quired. No one questioned the production arrangement until Chris Munnelly started to work for the company.Chris was actually hired to upgrade Jetaway’s computer system. In the process of creating a database of part rout-ings, Chris began to see similarities in the parts pro-duced. A part routing matrix for nine of the most popular parts is shown below, along with a schematic of thefactory layout.Chris, who was already tired of being a programmer,decided to reorder the matrix and see what he couldfind. If he could identify distinct part families, he couldreorganize the placement of machines into the cells hehad been reading about in his business magazines.Maybe then someone would notice his managementpotential.Help…

    Which of the following Statement is correct   O a. Shorter the Lead time, Higher the pipeline Inventory   O b. Longer the Lead time, Higher the pipeline Inventory   O c. Longer the Lead time, Smaller the pipeline Inventory   O d. There is no relationship between Lead time and pipeline Inventory

    33 The business function is defined as "planning, organization, execution, coordination and control activities in order to bring together the materials, machinery and human resources in the hands of the enterprise in a way that will ensure that a certain amount of goods or services are produced at the desired quality, at the desired time and at the lowest possible cost". which one?    a) Production  B) Financing  NS) Human Resources  D) Marketing  TO) management

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    Is defined as monitoring performance comparing it with goals and taking corrective action as needed?

    controlling. defined as monitoring performance, comparing it with goals, and taking corrective action as needed.

    Which management function is involved with monitoring performance comparing it with goals?

    Controlling is the process of monitoring activities, measuring performance, comparing results to objectives, and making modifications and corrections when needed.

    Which management function is involved with monitoring performance?

    Controlling. The controlling function consists of monitoring performance and progress through project execution and making adjustments as needed.

    What involves monitoring comparing and correcting work performance?

    Management function that involves setting goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities. Management function that involves monitoring, comparing, and correcting work performance.