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Question : Which management function involves setting performance standards and measuring actual performance against them?

Option 1: Planning
  

Option 2: Organizing
   

Option 3: Controlling

  

Option 4: Directing


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: Controlling


Solution : The correct answer is (c) Controlling

Controlling is the management function that focuses on monitoring performance and ensuring that it aligns with the set standards, goals, and objectives. This function involves establishing performance standards or benchmarks that serve as a reference point for evaluating actual performance. Managers use various control mechanisms, such as performance metrics, Key Performance Indicators (KPIs), and regular assessments, to measure and compare actual performance against these standards. The purpose of controlling is to identify any deviations or variances from the desired performance and take corrective actions as necessary to bring performance back on track. Therefore, controlling is the management function that involves setting performance standards and measuring actual performance against them.

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