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Q.What is meant by controlling?

Nagaland NbseNBSE Nagaland Intermediate Board Exam (Commerce) 2022Subjective· 1mImportance★★★★★
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Controlling means measuring actual performance against pre-set standards, identifying deviations, and correcting them so the organisation stays on track to meet its objectives.

Controlling is a goal-oriented function — it has no meaning without pre-determined standards set at the planning stage. The controlling process typically involves: (1) setting performance standards, (2) measuring actual performance, (3) comparing actual performance with the standard, (4) analysing deviations, and (5) taking corrective action where needed.

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