Management Finance - Part 1

Which sequence represents the basic control process?

Type: MCQ • Marks: 1
Which sequence represents the basic control process?
Options
A. Measurement → Standards → Corrective action → Comparison
B. Standards → Measurement → Comparison → Corrective action
C. Corrective action → Planning → Standards → Measurement
D. Planning → Staffing → Recruitment → Comparison
Explanation
Control requires standards against which actual performance can be measured and deviations identified before corrective action is taken.
UPSC Principal & Vice Principal Management Finance Administration

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