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Business Studies

Relationship between Planning and Controlling

Which of the ...

Question

Which of the following steps in the process of controlling are concerned with compelling events to confirm a plan?

A

Comparing actual performance with standards

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B

Taking corrective action

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C

Both A and B

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D

None of these

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Solution

The correct option is C
Both A and B

Comparing actual performance with standards and taking corrective action are both steps in the process of controlling.

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Similar questions

Q. Which two steps in the process of control are concerned with compelling events to confirm to plan?

Q. Long Answer Question:
"Comparing the actual performance with the laid standards, finding out the deviations and taking corrective action is an important process of a function of management". Name this function and explain the process.

Q. One Mark Question:
State why is actual performance compared with standards in the process of controlling.

In controlling, why is actual performance compared with standards?

Q. Three Marks Question:
After setting the performance standards the next step in the controlling process is the 'measurement of actual performance'. Explain this step in the process of controlling.

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