Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Controlling

Question:
Identify the correct sequence of the steps involved in the controlling process.
Options:
Measurement of actual performance, Taking corrective action, Setting performance standards, Comparison of actual performance with standards, Analyzing deviations
Setting performance standards, Comparison of actual performance with standards, Measurement of actual performance, Analyzing deviations, Taking corrective action
Setting performance standards, Measurement of actual performance, Comparison of actual performance with standards, Analyzing deviations, Taking corrective action
Taking corrective action, Measurement of actual performance, Comparison of actual performance with standards, Analyzing deviations, Setting performance standards
Correct Answer:
Setting performance standards, Measurement of actual performance, Comparison of actual performance with standards, Analyzing deviations, Taking corrective action
Explanation:
Controlling Process: Controlling is a systematic process involving the following steps. 1. Setting performance standards 2. Measurement of actual performance. 3. Comparison of actual performance with standards 4. Analysing deviations 5. Taking corrective action