A production supervisor sets an output target of 100 units per shift, measures actual daily output at 85 units, calculates the 15-unit variance, and implements process adjustments to rectify the gap. Which sequence correctly outlines the stages of the controlling process demonstrated in this scenario?

The controlling process in management ensures that organizational activities align with planned goals through a logical, four-step sequence: Establishing Performance Standards: Setting measurable targets or benchmarks (e.g., target of 100 units). Measurement of Actual Performance: Recording and quantifying real-time output (e.g., actual output of 85 units). Comparison of Actual Performance against Standards: Identifying gaps or deviations between target and actual results (e.g., shortfall of 15 units). Taking Corrective Action: Implementing modifications to eliminate variances and ensure future target attainment.