CUET Business Studies 2025 3 June Shift 2 PYQs

What corrective action did Aditi take for the quality control team?

Which of the following is the importance of controlling?

"In company Ace Itd, if the plans lay down a 2 percent increase in labor cost as an acceptable range of deviation, only an increase in labor cost beyond 2 percent should be brought to the notice of the management. However, in case of major deviation from the standard (say, 5 percent), the matter has to receive immediate action from management on a priority basis". Identify the concept of management highlighted in the aforesaid statement.