Question:
is the step in the controlling process where standards may have to be revised in case the deviation cannot be corrected through managerial action.
is the step in the controlling process where standards may have to be revised in case the deviation cannot be corrected through managerial action.
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Effective corrective action focuses on identifying root causes and implementing solutions to align performance with standards.
Updated On: Feb 21, 2025
- Setting Performance Standards
- Measurement of Actual Performance
- Comparing Actual Performance with standards and analysing deviation
- Taking Corrective Action
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The Correct Option is D
Solution and Explanation
Taking corrective action involves making necessary adjustments when significant deviations occur and cannot be corrected by other managerial actions. This step ensures that performance standards are achieved and prevents similar deviations in the future.
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