"Some times targets are set too high and can't be achieved in current circumstances. Controlling helps in reviewing and revising them."

Identify the importance of Controlling from the above statement.

Controlling helps in judging the accuracy of standards

The correct answer is Option (2) → Controlling helps in judging the accuracy of standards.

Controlling helps in judging the accuracy of standards is the importance of controlling that is highlighted in the given lines.

The statement highlights that sometimes the targets or standards set may not be achievable due to current circumstances. Controlling involves reviewing and assessing the progress towards these targets and revising them if necessary. This process helps in judging whether the targets are realistic and appropriate, ensuring that they align with the current situation and resources available.

Judging accuracy of standards: A good control system enables management to verify whether the standards set are accurate and objective. An efficient control system keeps a careful check on the changes taking place in the organisation and in the environment and helps to review and revise the standards in light of such changes.

OTHER OPTIONS

• Making efficient use of resources: By exercising control, a manager seeks to reduce wastage and spoilage of resources. Each activity is performed in accordance with predetermined standards and norms. This ensures that resources are used in the most effective and efficient manner.

• Facilitating coordination in action: Controlling provides direction to all activities and efforts for achieving organisational goals. Each department and employee is governed by predetermined standards which are well coordinated with one another. This ensures that overall organisational objectives are accomplished.

• Accomplishing organisational goals: The controlling function measures progress towards the organisational goals and brings to light the deviations, if any, and indicates corrective action. It, thus, guides the organisation and keeps it on the right track so that organisational goals might be achieved.