From the options given below, identify the steps that are involved in the process of ensuring that actual activities conform to planned activities:
(A) Setting performance standards and measurement of actual performance
(B) Comparison of actual performance with standards
(C) Taking corrective action
(D) Analysis of deviations
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A), (B), (D), (C)
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(A) Setting performance standards & measurement of actual performance → Standards act as benchmarks; actual performance is measured objectively.
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(B) Comparison of actual performance with standards → Identify whether goals are met.
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(D) Analysis of deviations → Find reasons for gaps between actual and planned performance.
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(C) Taking corrective action → Apply measures to overcome deviations and improve future performance.