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An effective control system in management requires certain essential requisites to ensure that it functions efficiently and supports organisational objectives. First, it must be based on clear, relevant and measurable standards that are derived from organisational goals so that performance can be properly evaluated. Second, the system should ensure timely and accurate flow of information so that deviations can be identified quickly and corrective action can be taken without delay. Third, it should be economical, meaning the benefits derived from control should be ________ ________ ________ __________ _________ ___.
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