ACCA Performance Management (F5) Certification Practice Exam

Which term best describes 'operational control' in an organization?

1. Guiding long-term objectives

2. Monitoring day-to-day operations

3. Making corporate-level decisions

4. Overseeing strategic partnerships

The correct answer is: Monitoring day-to-day operations

The term that best describes 'operational control' in an organization is indeed associated with monitoring day-to-day operations. Operational control focuses on the short-term activities and the efficient functioning of routine processes. This involves ensuring that daily operations are executed effectively and in alignment with the organization's policies and procedures. Operational control typically includes oversight of various functions, such as production schedules, quality control, and employee performance monitoring, ensuring that everything runs smoothly on a day-to-day basis. By closely monitoring these operations, managers can quickly identify and address any issues or inefficiencies that arise, thus maintaining productivity and achieving performance targets. Other options reflect broader or different levels of organizational management. For instance, guiding long-term objectives pertains more to strategic planning rather than the operational aspect. Making corporate-level decisions refers to high-level decisions that influence the direction of the entire organization, which is separate from the focus on daily operational tasks. Lastly, overseeing strategic partnerships is a function more related to relationship management and broader strategic considerations rather than the specific monitoring of day-to-day operations.