Under which functional area standards re

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Target Exam

CUET

Subject

Business Studies

Chapter

Controlling

Question:

Under which functional area standards related to capital expenditure are determined?

Options:

Production

Marketing

HRM

Finance and Accounting

Correct Answer:

Finance and Accounting

Explanation:

The correct answer is Option 4 - Finance and Accounting.

Finance and Accounting are the functional area related to capital expenditure which are determined.

Standards used in Functional Areas to Gauge Performance

Production	Marketing	Human Resource Management	Finance and Accounting
Quantity	Sales volume	Labour relations	Capital expenditure
Quality	Sales expense	Labour turnover	Inventory
Cost	Advertising expenditure	Labour absenteeism	Flow of capital
Individual job Performance	Individual Sales-person’s performance		Liquidity