Match List-I with List-II
List-I List-II (Functional Areas) (Standards) (A) Production (I) Quantity (B) Marketing (II) Labour absenteeism (C) Human Resource Management (III) Sales-person's performance (D) Finance and Accounting (IV) Flow of capital
Choose the correct answer from the options given below:
Match List-I with List-II
| List-I | List-II |
|---|---|
| (Functional Areas) | (Standards) |
| (A) Production | (I) Quantity |
| (B) Marketing | (II) Labour absenteeism |
| (C) Human Resource Management | (III) Sales-person's performance |
| (D) Finance and Accounting | (IV) Flow of capital |
Choose the correct answer from the options given below:
Solution
Option 1 -> Incorrectly matches Marketing with Labour absenteeism, which is an HR metric, not a marketing standard.
Option 2 -> Correctly matches: Production with Quantity, Marketing with Sales-person's performance, HRM with Labour absenteeism, and Finance with Flow of capital.
Option 3 -> Incorrectly matches HRM with Flow of capital (a finance metric) and Finance with Sales-person's performance (a marketing metric).
Option 4 -> Completely mismatches all functional areas - Production with sales performance and Finance with labour issues makes no logical sense.
Hence, Option 2: (A) - (I), (B) - (III), (C) - (II), (D) - (IV) -> Production is measured by output quantity, Marketing evaluates sales-person's performance, Human Resource Management monitors labour absenteeism, and Finance and Accounting tracks flow of capital. Each standard aligns perfectly with its functional area's core responsibilities. -> correct
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