What is the correct course of action in this situation?

You answered correctly. The traffic sign warns of a slippery road due to wet or fallen leaves. In such conditions, you should reduce your speed and avoid abrupt steering movements to maintain control of your vehicle. Hard braking should be avoided because it increases the risk of skidding. Remember, on slippery roads, gentle and controlled actions help prevent accidents. This approach is important whenever you see this warning sign or face similar dangerous road surfaces.