Final answer:
Monitoring activities and making corrections are part of the controlling function of management.
Step-by-step explanation:
The correct answer is e. controlling. Monitoring activities and making corrections are part of the controlling function of management. Controlling involves comparing actual performance with planned performance, identifying variances, and taking corrective actions to ensure that the organization's goals are achieved. Examples of controlling activities include conducting performance reviews, analyzing financial statements, and implementing corrective measures.