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Match List I with List II

LIST I (Controlling Process)LIST II (Related Concept)
A. Analysing deviationsI. It demands managerial attention
B. Taking corrective actionII. It becomes easy when quantitative terms are used
C. Comparison of standard with actualsIII. To determine acceptable range of deviations
D. Setting performance standardsIV. Serves as benchmarks towards which an organization strives to work

Choose the correct answer from the options given below:

Solution

Correct Option: 2

Analysing deviations involves determining the acceptable range of deviations (III). Taking corrective action demands managerial attention for significant deviations (I). Comparison becomes easier when standards are in quantitative terms (II). Setting performance standards serves as benchmarks (IV). Thus A-III, B-I, C-II, D-IV.

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