Which aspect of management involves the process of overseeing and analyzing operating budgets, financial reports, and evaluating personnel to ensure that a company follows cost-effective measures?

Question

Question 2 options:

Organizing

Controlling

Planning

Delegating

Answer 1

The aspect of management that involves overseeing and analyzing operating budgets, financial reports, and evaluating personnel to ensure that a company follows cost-effective measures is:

Controlling

Controlling involves monitoring and evaluating the effectiveness of a business’s strategies and ensuring that it adheres to its financial goals and operational efficiency.