.....................system keeps a careful check on the changes taking place in the organization and in the environment and helps to review and revise the standards in light of such changes.

Efficient Control Mechanism

The correct answer is option 3- Efficient Control Mechanism.

An efficient control mechanism is part of the controlling function of management. It involves monitoring internal and external changes, Comparing actual performance with set standards, Reviewing and revising those standards when needed, Taking corrective action if goals are not being met. This ensures the organization stays on track even when the environment changes.

OTHER OPTIONS

• Good Personnel Management- Deals with hiring, training, and managing people — not with monitoring or revising systems.

• Effective and Efficient Coordination- Focuses on syncing efforts between departments or individuals — not on reviewing standards due to environmental changes.

• Good Compensation and Promotion- Concerned with rewarding employees — not monitoring system performance or environmental changes.