Identify the importance of controlling.
Identify the importance of controlling.
Solution
Option 1 -> Judging accuracy of standards: Controlling helps evaluate whether the standards set are realistic and accurate by comparing actual performance with planned standards.
Option 2 -> Clarity in working relationships: This relates more to the organizing function of management, not specifically to controlling.
Option 3 -> Difficulty in setting quantitative standards: This is actually a limitation of controlling, not an importance, as it's challenging to quantify certain performance aspects.
Option 4 -> Costly affair: This is also a limitation of controlling since implementing control systems requires resources and can be expensive.
Hence, Option 1: Judging accuracy of standards -> Controlling is important because it enables managers to assess whether the predetermined standards are appropriate and achievable by continuously monitoring actual performance against these standards, allowing for necessary adjustments and improvements in the planning process -> correct
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