Match List-I with List-II, List-I (Standards to gauge performance), List-II (Functional areas of Business), (A) Sales volume, sales expense, advertising expenditure, individual sales performance, etc., (I) Production, (B) Labour turnover, labour relations, labor absenteeism, etc., (II) Finance and Accounting, (C) Quantity, quality, cost, individual job performance, etc., (III) Human Resource Management, (D) Flow of capital, capital expenditure, inventories, liquidity, etc., (IV) Marketing, Choose the correct answer from the options given below:

Question

Match List-I with List-II | List-I (Standards to gauge performance) | List-II (Functional areas of Business) | |---|---| | (A) Sales volume, sales expense, advertising expenditure, individual sales performance, etc. | (I) Production | | (B) Labour turnover, labour relations, labor absenteeism, etc. | (II) Finance and Accounting | | (C) Quantity, quality, cost, individual job performance, etc. | (III) Human Resource Management | | (D) Flow of capital, capital expenditure, inventories, liquidity, etc. | (IV) Marketing | Choose the correct answer from the options given below:

Accepted Answer

(A) - (IV), (B) - (III), (C) - (I), (D) - (II)

Answer

(A) - (I), (B) - (II), (C) - (III), (D) - (IV)

Answer

(A) - (II), (B) - (III), (C) - (I), (D) - (IV)

Answer

(A) - (III), (B) - (IV), (C) - (I), (D) - (II)

LIST I (Controlling Process)	LIST II (Related Concept)
A. Analysing deviations	I. It demands managerial attention
B. Taking corrective action	II. It becomes easy when quantitative terms are used
C. Comparison of standard with actuals	III. To determine acceptable range of deviations
D. Setting performance standards	IV. Serves as benchmarks towards which an organization strives to work

List-I (Standards to gauge performance)	List-II (Functional areas of Business)
(A) Sales volume, sales expense, advertising expenditure, individual sales performance, etc.	(I) Production
(B) Labour turnover, labour relations, labor absenteeism, etc.	(II) Finance and Accounting
(C) Quantity, quality, cost, individual job performance, etc.	(III) Human Resource Management
(D) Flow of capital, capital expenditure, inventories, liquidity, etc.	(IV) Marketing

Solution

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CUET Business Studies Past Year Questions (Topic-Wise)