State with reasons whether the following statements are TRUE or FALSE : 4. Controlling is indispensable function of management

State with reasons whether the following statements are TRUE or FALSE :
4. Controlling is indispensable function of management True

Explanation: Controlling is an important and indispensable function of management. It aims at managing the business actions by identifying deviations in the actual performance against the set standards. It also ensures optimum utilisation of resources while taking corrective measures against the deviations.

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