Question : Assertion: The first step in the process of controlling is setting performance standards.
Reason: Performance standards provide a basis for measuring actual performance.
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: Both assertion and reason are true, and the reason correctly explains the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason correctly explains the assertion.
This assertion is true. Setting performance standards is indeed the initial step in the controlling process. Performance standards establish the criteria against which actual performance will be measured and evaluated.
This reason is true and correctly explains the assertion. Performance standards serve as a benchmark or basis for measuring how well the organization or individuals are performing. They provide the criteria for assessing whether actual performance is meeting the desired targets.
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