In the following passage some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each blank.
Comprehension:

'A stitch in time saves nine'. This wise saying suggests that an (1)______ action taken on time to rectify an error rules (2)______ the possibility of accumulation of such errors and future (3)______ . Wisdom, therefore lies in correcting the error as soon as it is (4)______. There is no point-in allowing the (5)______ to grow and then take hasty actions to set things right.