Control (Leaving Cert Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is controlling in business management?
What is controlling in business management?
Monitoring performance & taking action
What is the first step in the principles of control?
What is the first step in the principles of control?
Set targets or standards
What are the four main types of control?
What are the four main types of control?
Stock, quality, credit, and financial
What is the purpose of stock control?
What is the purpose of stock control?
Meet demand & minimise holding costs
What is EDI in stock control?
What is EDI in stock control?
Automated stock ordering system
What is a disadvantage of Just-in-Time (JIT)?
What is a disadvantage of Just-in-Time (JIT)?
Economies of scale are lost
What is a quality circle?
What is a quality circle?
Employees meeting to discuss quality
What is bad debt?
What is bad debt?
When a debtor fails to pay fully
Which tool is used in financial control?
Which tool is used in financial control?
Cash flow forecast
What is a benefit of effective quality control?
What is a benefit of effective quality control?
Enhanced business reputation