Match the LIST-I with LIST-II | LIST-I (Concepts related to Controlling) | LIST-II (Explanation) | |---|---| | A. Critical Point Control | I. Benchmarks towards which an organisation strives to work | | B. Setting Performance Standards | II. A principle of management control based on the belief that an attempt to control everything results in controlling nothing | | C. Management by Exception | III. Focus on key result areas (KRAs) which are crucial for the success of an organisation | | D. Controlling | IV. Postmortem of past activities to find out deviations from the standards | Choose the correct answer from the options given below:

Question

Option 1: A-I, B-II, C-III, D-IV

Option 2: A-III, B-I, C-II, D-IV

Option 3: A-I, B-II, C-IV, D-III

Option 4: A-III, B-IV, C-I, D-II

AfterBoards · Accepted Answer

The answer is 'A-III, B-I, C-II, D-IV'. View full solution:

LIST-I (Functional areas)	LIST-II (Standards used to gauge performance)
A. Finance and accounting	I. Liquidity
B. Marketing	II. Sales volume
C. Production	III. Labour turnover
D. Human resource management	IV. Cost

CUET Business Studies 2026 23rd May Shift 2 PYQs

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