Which of the following is an example of formal management controls?
A) A firm's culture
B) The willingness of employees to monitor each other
C) Budgeting and reporting activities
D) Managerial motivation

Question

Quizplus · Accepted Answer

Budgeting and reporting activities are a form of formal management control as they involve setting specific financial targets and monitoring progress against those targets. Options A, B, and D are all examples of informal management controls, which rely on personal relationships and social norms to influence behavior.

Which of the Following Is an Example of Formal Management