The managerial function of involves monitoring performance, comparing it to goals, and taking corrective action when needed.

Controlling

Explanation:

Out of the many functions of management, controlling is an important managerial function. Controlling can be referred to as a managerial function that enables the achievement of results as it relates to set goals. This function involves the measurement of progress for the purpose of achieving organizational goals. It helps to ensure that subordinates and managers inclusive are doing what is necessary, identify errors and take corrective measures to meet up to the standard.

answer/// equals both average variable cost and average total cost at their respective minimums;

answertrue;