Match the items of List - I with the correct items of List - II.

List - I	List - II
(a) Personal Observation	(i) operations are planned in advance in the form of financial statement and actual results compared
(b) Budgetary Control	(ii) Technique used to study relationship between cost, volume and profits
(c) Break even Analysis	(iii) enables manager to collect first hand information
(d) Statistical Reports	(iv) information presented in the form of chart, graph, table etc.

Choose the correct answer from the options given below :

The standards of performance which serve as the basis of controlling are provided by_____

Arrange the following steps involved in the process of controlling in logical order.

(A) Measure the performance by personal observation

(B) Compare the performance with performance standards

(C) Use critical point control for checking the deviation in KRAS

(D) Train the employees if the production target is not met

Choose the correct answer from the options given below:

Which concept of controlling is referred to as 'control by exception'?

_______ is the process of ensuring that actual activities conform to planned activities.

Arrange the following steps of controlling the process in a logical sequence.

(A) Reporting of deviations and their causes after comparison.

(B) Projecting the future and determining the goals and standards.

(C) Taking corrective action at an appropriate level.

(D) Measuring the work in terms of control standards.

Choose the correct answer from the options given below:

Which of the following points represents the correct relationship between planning and controlling?

(A) Planning and controlling are separable twins of management.

(B) Planning and controlling are inseparable twins of management.

(C) Controlling could be accomplished without planning.

(D) Planning without controlling is meaningless.

Choose the correct answer from the options given below: