Match the LIST-I with LIST-II

LIST-I (Steps of Controlling process)	LIST-II (Explanation)
A. Measurement of Actual performance	I. Performance should be measured in an objective and reliable manner.
B. Comparison of Actual performance with standards	II. Standards are the criteria against which actual performance would be measured.
C. Setting Performance Standards	III. Deviations in key areas of business need to be attended more urgently as compared to deviations in certain insignificant areas.
D. Analyzing Deviations	IV. Comparison will reveal the deviation between actual and desired results.

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Arrange the steps in Controlling Process in correct sequence:

1. (A) Analysing Deviations
2. (B) Measurement of Actual Performance
3. (C) Setting Performance Standards
4. (D) Comparing actual performance with Standards

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

(A) Correcting the situation in accordance with the decision.

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

(C) Measuring and comparing the work in terms of control standards.

(D) Promptly investigating the causes of the deviation.

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Match List-I with List-II

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Which management function brings the management cycle back to the planning function?

Which of the following is not the importance of controlling?

"In a manufacturing organisation, an increase of 5 per cent in the labour cost may be more troublesome than a 15 per cent increase in postal charges". The associated concept is: