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Match the LIST-I with LIST-II

LIST-I (Concepts related to Controlling)LIST-II (Explanation)
A. Critical Point ControlI. Benchmarks towards which an organisation strives to work
B. Setting Performance StandardsII. A principle of management control based on the belief that an attempt to control everything results in controlling nothing
C. Management by ExceptionIII. Focus on key result areas (KRAs) which are crucial for the success of an organisation
D. ControllingIV. Postmortem of past activities to find out deviations from the standards

Choose the correct answer from the options given below:

Solution

✅ Correct Option: 2

Critical point control means focusing on key result areas crucial to organisational success (III). Setting performance standards means establishing benchmarks the organisation strives towards (I). Management by exception rests on the belief that trying to control everything controls nothing (II). Controlling is like a postmortem of past activities to find deviations (IV). Hence A-III, B-I, C-II, D-IV.

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