Question

The formal target-setting, monitoring, evaluation, and feedback systems that provide managers with information about whether the organization's strategy and structure are working efficiently and effectively are known as ________ systems.

Answer 1

Answer: Control Systems

Explanation:

Control systems in business are procedures designed to evaluate, monitor, regulate, supervise and ascertain whether organisational strategies, plans and structures are working efficiently and effectively. It also ensure assets and resources are checked and well documented to avoid things going missing.