A company has replaced their obsolete machinery with a Hi-Tech machine as it could not achieve its target in the previous month due to
slow production process. Which step in the process of controlling is executed by the company?

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Shift 29/05/2023 3:30 PM - 6:30 PM

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Measurement of actual performance

Comparing actual performance with standards

Analysing deviations

Taking Corrective action

Correct Answer

Taking Corrective action

Detailed Explanation

The process of controlling involves several steps to ensure that the organization's goals and objectives are met effectively and efficiently. In this scenario, the company has replaced its obsolete machinery with a Hi-Tech machine due to slow production, which signifies that the company is taking corrective action to address the issue. Therefore, the step in the process of controlling that is being executed by the company in this scenario is:

Taking Corrective action

By replacing the old machinery with a more advanced one, the company is attempting to rectify the slow production process and improve its performance, which is an example of corrective action.

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A company has replaced their obsolete machinery with a Hi-Tech machine as it could not achieve its target in the previous month due toslow production process. Which step in the process of controlling is executed by the company?