The process whereby a business organization regularly compares physical events with the standards set and takes corrective action is?
Question 1 Report
The process whereby a business organization regularly compares physical events with the standards set and takes corrective action is?
Answer Details
The process described in the question is controlling. Controlling is the process of monitoring, comparing, and correcting the performance of an organization to ensure that it meets its objectives. It involves setting standards, measuring actual performance against those standards, identifying any deviations, and taking corrective action as necessary. This helps organizations to maintain or improve their performance and ensure that they are on track to achieve their goals.
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