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Management Finance - Part 1

According to the classical view, controlling primarily involves:

Type: MCQ • Marks: 1
According to the classical view, controlling primarily involves:
Options
A. Establishing organisational objectives without review
B. Comparing actual performance with predetermined standards and taking corrective action
C. Recruiting employees
D. Delegating authority
Explanation
Control is a continuous process of setting standards, measuring performance, comparing results and correcting significant deviations.
UPSC Principal & Vice Principal Management Finance Administration

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