The main purpose of the controlling function of management is to monitor and control the flow of sensitive information to the firm's stakeholders.

Question

Quizplus · Accepted Answer

The main purpose of the controlling function of management is to ensure that the organization is achieving its goals and objectives effectively and efficiently. This involves measuring performance, comparing it with the established standards, identifying deviations, and taking corrective action if necessary. While the controlling function may involve monitoring and controlling the flow of information, it is primarily focused on controlling the organization's activities and ensuring they align with the stated objectives.

The Main Purpose of the Controlling Function of Management Is