Final answer:
The control function in Fayol's management theory involves monitoring performance, comparing it with organizational goals, and taking corrective action as necessary to ensure alignment with those goals.
Step-by-step explanation:
The control function in Fayol's management theory involves monitoring performance, comparing it with organizational goals, and taking corrective action as necessary to ensure alignment with those goals.
Henri Fayol identified the management functions as planning, organizing, leading, coordinating, and controlling. Among the options provided, the one that accurately describes the control function is: 5) Controlling involves monitoring performance, comparing it with goals, and taking corrective action as needed. This function is crucial for ensuring that the organization's activities are aligned with its strategic objectives, and it allows managers to identify any deviations from planned outcomes and implement corrective measures to steer the organization back on track.