Final answer:
Managers engaged in the controlling function of management energize their employees and ensure they understand their role in achieving organizational goals. The statement is True.
Step-by-step explanation:
Managers engaged in the controlling function of management play a crucial role in energizing their employees and ensuring that they understand their role in achieving organizational goals. In the Theory Y approach to management, managers assume that most people seek inner satisfaction and fulfillment from their work. This approach encourages employee participation in decision-making and allows them to provide input on matters of efficiency and safety, creating a more motivated workforce.