Supervision
Part of speech: noun
Definition: The act or instance of supervising.
Example sentence: In the beginning, we had a great deal of freedom, and Jerry wrote completely out of his imagination - very, very freely. We even had no editorial supervision to speak of, because they were in such a rush to get the thing in before deadline. But later on we were restricted.
Oversight
Part of speech: noun
Definition: an omission; something that is left out, missed or forgotten.supervision or management
Example sentence: The Federal Reserve has always recognized the importance of allowing markets to work, and government oversight of financial firms will never be fully effective without the aid of strong market discipline.