What does it mean to have control within an organization? Why is it important?

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BUS121 Unit 5 Review Assignment
Chapter 14
What does it mean to have control within an organization? Why is
it important?
What are the three steps in the control process? (Briefly
explain these steps).
There are four common sources or ways to measure performance:
personal observation, statistical reports, oral reports and written
reports. What are the advantages and disadvantages of personal
observation?
What are the three types of control used by management? (Briefly
explain these types of control).
Using the start up business from the application assignment in
Unit 2 or using your current work place, what type of control do
you feel to be most important and most effective?

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