Match List-I with List-II

List-I	List-II
(A) Setting Standards	(I) The company has decided to increase the workforce to meet the shortage of production.
(B) Measuring Actual Performance	(II) Company sets target production rate of 1000 units per day
(C) Taking Corrective Action	(III) Acceptable deviations of actual performance from the standard performance is $\pm$ 50 units.
(D) Analyzing Deviations	(IV) The company produces 700 units per day.

Choose the correct answer from the options given below:

Option 1 -> (A)-(II), (B)-(IV), (C)-(I), (D)-(III): Setting standards means establishing targets (1000 units/day). Measuring actual performance is recording what was produced (700 units). Taking corrective action is implementing solutions (increasing workforce). Analyzing deviations is determining acceptable variance (±50 units).

Option 2 -> (A)-(IV), (B)-(III), (C)-(II), (D)-(I): Incorrectly matches setting standards with actual production and measuring performance with deviation analysis.

Option 3 -> (A)-(I), (B)-(II), (C)-(IV), (D)-(III): Incorrectly matches setting standards with corrective action and measuring performance with target setting.

Option 4 -> (A)-(III), (B)-(IV), (C)-(I), (D)-(II): Incorrectly matches setting standards with deviation analysis and analyzing deviations with target setting.

Hence, Option 1 -> Setting Standards (A) correctly pairs with establishing target of 1000 units/day (II). Measuring Actual Performance (B) matches recording 700 units produced (IV). Taking Corrective Action (C) aligns with increasing workforce solution (I). Analyzing Deviations (D) corresponds to defining acceptable variance of ±50 units (III). This follows the proper control process sequence. -> correct