Answer:
The correct answer is Compare performance and standards.
Explanation:
Control is a cyclical and repetitive process. It is composed of four elements that follow one another:
Setting standards: It is the first stage of control, which sets the standards or criteria for evaluation or comparison. A standard is a standard or criterion that serves as the basis for the evaluation or comparison of something. There are four types of standards; which are presented below:
Quantity standards: As production volume, quantity of stocks, quantity of raw materials, number of hours, among others.
Quality standards: As control of raw material received, production quality control, product specifications, among others.
Time standards: As standard time to produce a certain product, average time of stocks of a particular product, among others.
Cost standards: As production costs, administration costs, sales costs, among others.
Performance evaluation: It is the second stage of control, which aims to evaluate what is being done.
Comparison of performance with the established standard: It is the third stage of the control, which compares the performance with what was established as a standard, to verify if there is deviation or variation, that is, an error or failure in relation to the expected performance.
Corrective action: It is the fourth and last stage of the control that seeks to correct the performance to adapt it to the expected standard. Corrective action is always a measure of correction and adequacy of any deviation or variation in relation to the expected standard.
