The correct answer is option 1- Controlling.
Controlling function of management is performed by CEO.
The controlling function of management involves monitoring and evaluating whether organizational activities are being executed as planned. This includes Personal observation, Analyzing statistical reports, Comparing actual performance with planned targets, Taking corrective actions if needed. These are exactly the activities the CEO is engaged in.
OTHER OPTIONS
- Financial Planning- Financial planning is the preparation of a financial blueprint of an organisation’s future operations. The objective of financial planning is to ensure that enough funds are available at right time. Financial planning strives to achieve the following twin objectives-
(a) To ensure availability of funds whenever required
(b) To see that the firm does not raise resources unnecessarily.
- Financing Decision- Financing decision is about the quantum of finance to be raised from various long-term sources. It involves identification of various available sources. The main sources of funds for a firm are shareholders’ funds and borrowed funds. The shareholders’ funds refer to the equity capital and the retained earnings. Borrowed funds refer to the finance raised through debentures or other forms of debt. A firm has to decide the proportion of funds to be raised from either sources, based on their basic characteristics.
- Managerial Planning- Managerial Planning is the process by which managers decide in advance what goals the organization wants to achieve, How those goals will be achieved, When and by whom the tasks will be done.
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