Question

It is the process of comparing the actual performance with the predetermined standard performance

Answer 1

Explanation:

Compare Results with Standards:

The third step in controlling process involves comparison of actual results and performance with the predetermined standards. The comparison expresses parameters requiring relevant action, i.e.

Answer 2

Controlling is the process of comparing actual performance with the predetermined standard performance.

• Controlling refers to comparison of actual performance with the planned performance and taking corrective actions, in case of derivation between actual and standard performance.
• Controlling is the last function of management.
• Steps involved in Controlling Process are -

1. Setting Performance Standard
2. Measurement of actual performance
3. Comparison of actual performance with standards
4. Analysing deviations
5. Taking coreective action

• Controlling should not be misunderstood as last function of management as it takes back the manager to the first function of management i.e. is Planning.