The controlling process in management involves a sequence of structured steps that ensure performance aligns with the desired standards. The correct order of these steps is essential to effectively monitor and guide organizational outcomes.
The steps include:
Thus, the correct sequence of the steps of the controlling process is (C), (B), (D), (A).
The correct sequence of steps in the controlling process is:
(C) Setting performance standards: The first step, where standards are set for performance measurement.
(B) Measurement of actual performance: The second step, where actual performance is measured to compare against the standards.
(D) Comparison of actual performance with standards: The next step, where the measured performance is compared with the standards to assess performance.
(A) Analysing deviations: The final step, where deviations between actual and expected, performance are analyzed to identify areas for improvement.
This sequence ensures that performance is effectively monitored, and any discrepancies are addressed for better management.
Arrange the following sentences logically:
A. He switched off the lights.
B. He brushed his teeth.
C. He lay down on the bed.
D. He read a few pages of his book.
A shopkeeper buys an item for Rs 2000 and marks it up by 50% to set the marked price. He then offers a 20% discount on the marked price. What is the profit earned by the shopkeeper?