What are the main characteristics of effective control system Mcq?

The correct answer is OPTION C: Flexibility, Accuracy, Timeliness, and Relevance/Acceptability.

What is effective control?

effective control means that the Company or a Related Entity has the decisive right, privilege, or authority – by contract or otherwise – to direct, manage, or direct the management of all or a substantial portion of the air carrier joint venture or similar business arrangement.

What are the three primary characteristics of an effective control system in a business?

Organizational control systems allow executives to track how well the organization is performing, identify areas of concern, and then take action to address the concerns. Three basic types of control systems are available to executives: (1) output control, (2) behavioural control, and (3) clan control.

How do you develop effective control?

Essential Factors to Make Control Effective: 4 Factors
  1. Planning: Planning is the first prerequisite for making control effective. …
  2. Action: Timely action on the part of the manager is essential for exercising control. …
  3. Delegation of Authority: …
  4. Prompt Flow of Information:

What are the steps in effective control system?

Steps involved in Control Process
  • Establishing standards and methods or ways to measure performance.
  • Measuring actual performance.
  • Determining if the performance matches with the standard.
  • Taking corrective action and re-evaluating the standard.

What are the five principles of controlling?

Under Control: 5 Main Management Principles
  • Division of Work. The five principles we’re going to mention are extracted from Fayol’s 14 principles of management. …
  • Unity of Direction. Many modern managers are delusional about flexibility. …
  • Equity. …
  • Authority and Responsibility. …
  • Subordination of Individual Interest.

How can control be effective in an organization?

Controls help to better define an organization’s objectives so that employees and resources are focused on them. They safeguard against misuse of resources and facilitate corrective measures. Having good records means management will better understand what happened in the past and where change can be effective.

What are the characteristics of an effective internal control system in an organization?

The following are the basic features required for a robust internal control system:
  • Leadership Integrity. Once the leaders encourage integrity through their actions, employees automatically follow them. …
  • Competent Employees. …
  • Segregation of Responsibilities. …
  • Records Maintenance. …
  • Relevant Safeguards.

What is effective control in accounting?

Key Takeaways. Accounting controls are put in place to ensure a firm operates efficiently, aboveboard, and provides accurate financial statements. The compliance with laws and regulations are not the purpose of accounting controls, but rather to help a company be the best version of itself for all stakeholders.

What is effective control in international law?

The general meaning of the concept has been described as ‘an intentional display of power and authority over the territory, by the exercise of jurisdiction and State functions, on a continuous and peaceful basis‘.

What is an effective control environment?

An effective control environment is defined as follows: An environment in which competent people understand their responsibilities, the limits of their authority, and are knowledgeable, mindful and committed to doing what is right and doing it the right way.

What are the 5 basic elements of control system?

A feedback control system consists of five basic components: (1) input, (2) process being controlled, (3) output, (4) sensing elements, and (5) controller and actuating devices.

What is the difference between effective control and overall control?

In other words, the ICTY holds that it is important to distinguish between the control for individual persons (effective control) and the control for militarily organized groups (overall control).

What are the types of armed conflict?

What Exactly is an Armed Conflict? There are three types of conflicts that are recognized by international humanitarian law: international armed conflict, internationalized armed conflict, and non-international armed conflict.

What is effective control Nicaragua?

As most readers already know, the effective control test was articulated in the ICJ’s Nicaragua judgment and offers a fairly robust set of standards for attributing the actions of an armed group to a particular state, essentially requiring that the armed units are operating on the instruction, or at the direction of, …

What is the difference between IAC and NIAC?

The abbreviation IAC refers to cus- tomary rules applicable in international armed conflicts and the abbreviation NIAC to customary rules applicable in non-international armed conflicts.

What is Common Article 2 of the Geneva Convention?

Common Article 2 to the four 1949 Geneva Conventions provides that they ‘apply to all cases of declared war or of any other armed conflict which may arise between two or more of the High Contracting Parties, even if the state of war is not recognized by one of them‘.