CBSE Class 12 Business Studies 2022 Delhi set 1

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Question : 4
Total: 19
The final step in the controlling process is taking corrective action, but when deviations are within acceptable limits no corrective action is required.'
When and why corrective action is required? State.
Solution:  
When deviations go beyond the admissible limits, corrective actions are taken to ensure that the errors do not occur again. The controlling function ensures that each task is performed as per the set standards. While monitoring the actual performance, if any deviations are recognised, the cause for these deviations is identified.
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