Question : Assertion: Monitoring performance is not a key feature of controlling.
Reason: Monitoring helps in identifying deviations and taking corrective action.
Option 1: Both assertion and reason are true, and the reason correctly explains the assertion.
Option 2: Both assertion and reason are true, but the reason does not correctly explain the assertion.
Option 3: The assertion is true, but the reason is false.
Option 4: The assertion is false, but the reason is true.
Correct Answer: The assertion is false, but the reason is true.
Solution : The correct answer is (d) The assertion is false, but the reason is true.
This assertion is false. Monitoring performance is indeed a key and fundamental feature of the controlling function in management. Controlling involves comparing actual performance with planned performance and taking corrective action as necessary. Monitoring is an essential part of the controlling process to ensure that objectives are being met.
This reason is true and correctly explains the assertion. Monitoring is a critical aspect of controlling because it allows management to identify any deviations from the planned performance or objectives. When such deviations are identified, corrective action can be taken to bring the performance back in line with the planned goals.
Question : Assertion: In the controlling process, corrective action is taken only after deviations occur.
Reason: Corrective action aims to address deviations and prevent future occurrences.
Question : Assertion: Concurrent control focuses on preventing deviations before they occur.
Reason: It involves real-time monitoring and immediate corrective actions.
Question : Assertion: Controlling is a one-time process and does not require continuous evaluation.
Reason: Controlling involves ongoing monitoring, evaluation, and adjustment of activities.
Question : Assertion: Controlling helps in identifying inefficiencies and improving resource allocation.
Reason: It ensures that resources are used optimally to achieve organizational objectives.
Question : Assertion: The first step in the process of controlling is setting performance standards.
Reason: Performance standards provide a basis for measuring actual performance.
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