Final answer:
The management function that involves monitoring and correcting employee activities to keep an organization on its goals is called controlling. It includes performance evaluation to ensure employees are contributing to the organization's productivity and goals.
Step-by-step explanation:
The function within management that is concerned with monitoring employees' activities, ensuring the organization is progressing towards its goals, and implementing necessary corrections is controlling. This management function involves performance evaluation, which can include aspects such as ensuring safety on the job and respecting employees' rights. Management utilizes tools such as performance evaluations to assess how well employees are doing their job, their immediate response to training efforts, and whether their behavior aligns with the organization's goals in terms of productivity and profitability. By doing so, managers can identify areas where employees or processes may need adjustments to improve efficiency and effectiveness, ultimately supporting the organization's objectives.