Match List-I with List-II:

List-I (Functional areas)	List-II (Standards of control to gauge performance)
(A) Production	(I) Employee absenteeism
(B) Marketing	(II) Liquidity
(C) Human Resource Management	(III) Advertising expenditures
(D) Finance and Accounting	(IV) Quality

Choose the correct answer from the options given below:

Only a 5% increase in labour cost may be more troublesome than a 15% increase in postal charges.' Identify the concept pointed out in the direction.

Controlling is a systematic process involving five steps. "Comparing Actual Performance with Standards" is which step of controlling process?

Which of the following are inseparable twins of management functions?

Mr. Sumit Sharma is the Product manager of a Garment manufacturing company. He was asked by the Senior manager Mr. Ram to prepare performance report of the employee as the production was decreasing.

Which step of the controlling process, the senior manager Mr. Ram wanted Mr. Sumit to perform?

Which of the following points represents the correct relationship between planning and controlling?

(A) Planning and controlling are separable twins of management.

(B) Planning and controlling are inseparable twins of management.

(C) Controlling could be accomplished without planning.

(D) Planning without controlling is meaningless.

Choose the correct answer from the options given below:

_________ system keeps a careful check on the changes taking place in the organization and in the environment and helps to review and revise the standards in light of such changes.