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

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

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

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

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

AfterBoards · Accepted Answer

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

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

CUET Business Studies 2026 20th May Shift 1 PYQs

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