Read the following statements and mark the correct answer.

Assertion (A): Controlling is the ist function of management.
Reason (R): Controlling brings back the management cycle back to the planning function.

R is true, but A is false

The answer is Option 4- R is true, but A is false.

Assertion (A): Controlling is the ist function of management: This is false.
Reason (R): Controlling brings back the management cycle back to the planning function. This is correct.

Controlling is not the ist function of management. It should not be misunderstood as the last function of management. It is a function that brings back the management cycle back to the planning function. The controlling function finds out how far actual performance deviates from standards, analyses the causes of such deviations and attempts to take corrective actions based on the same. This process helps in formulation of future plans in the light of the problems that were identified and, thus, helps in better planning in the future periods. Thus, controlling only completes one cycle of management process and improves planning in the next cycle.