Arrange the following steps of controlling process in a correct sequence:

(A) Comparison of actual performance with standards

(B) Setting standards

(C) Analysis of deviations and taking corrective action

(D) Measuring actual performance

Choose the correct answer from the options given below:

Option 1 -> (B), (D), (C), (A) -> This sequence places corrective action before comparison, which is illogical as you cannot take corrective action before comparing performance with standards.

Option 2 -> (B), (D), (A), (C) -> This follows the logical controlling process: first set standards, measure performance, compare with standards, then analyze and take corrective action.

Option 3 -> (B), (A), (D), (C) -> This sequence attempts to compare performance before measuring it, which is impossible.

Option 4 -> (A), (D), (B), (C) -> This sequence tries to compare performance before establishing standards, which makes no sense as there would be nothing to compare against.

Hence, Option 2: (B), (D), (A), (C) -> The controlling process follows a logical sequence: first establish performance standards, then measure actual performance, compare the actual performance with set standards, and finally analyze any deviations and take corrective action to bring performance back on track -> correct