Option 1 -> (A), (B), (D), (C) - Incorrect sequence as measuring performance (A) cannot occur before setting standards (B).
Option 2 -> (B), (A), (C), (D) - Illogical as critical point control (C) cannot be applied before comparing actual performance with standards (D).
Option 3 -> (B), (A), (D), (C) - Follows the logical controlling process: first set standards, then measure performance, compare results, and finally apply control techniques.
Option 4 -> (C), (B), (D), (A) - Incorrect as it starts with control techniques before establishing standards or measuring performance.
Hence, Option 3: (B), (A), (D), (C) -> The controlling process follows a systematic sequence: (B) Setting standards establishes benchmarks, (A) Measuring actual performance collects data, (D) Comparing actual with standards identifies deviations, and (C) Using Critical Point Control and Management by Exception implements corrective actions where needed. This represents the standard control cycle. -> correct