______ is the function in industry concerned with the determination of corporate policy, the coordination of finance, production and distribution, the settlement of compass and ultimate control of the executive.

Administration is the correct answer as described - it determines corporate policy, coordinates key functions (finance, production, distribution), and exercises ultimate control. Management (A) focuses on execution, Controlling (B) is one function among many, and Organisation (C) is the structure rather than the policy-making function. The definition matches classical distinctions between administration (policy) and management (execution).