Match List I with List II.

Choose the correct answer from the options given below :

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

The correct answer is option 2- A-I, B-III, C-IV, D-II.

(A) Standards- (I) Setting of Reduction of defects from 10 pc to 5 pc per lot.
The standard is revised to reduce the defect rate from 10 pieces per lot to 5 pieces per lot, aiming to improve overall product quality and minimize rework or waste.

(B) Management by exception- (III) An attempt to control everything results in controlling nothing. 
Management by exception, which is often referred to as control by exception, is an important principle of management control based on the belief that an attempt to control everything results in controlling nothing. Thus, only significant deviations which go beyond the permissible limit should be brought to the notice of management. Thus, if the plans lay down 2 per cent increase in labour cost as an acceptable range of deviation in a manufacturing organisation, only increase in labour cost beyond 2 percent should be brought to the notice of the management. However, in case of major deviation from the standard (say, 5 percent), the matter has to receive immediate action of management on a priority basis.

(C) Critical Control Point- (IV) Focusing on KRAs.
Critical Point Control: It is neither economical nor easy to keep a check on each and every activity in an organisation. Control should, therefore, focus on key result areas (KRAs) which are critical to the success of an organisation. These KRAs are set as the critical points. If anything goes wrong at the critical points, the entire organisation suffers.

(D) Corrective Action- (II) Assigning additional workers and equipment to the project.
To address delays and improve productivity, additional labor and equipment will be allocated to accelerate progress and ensure the project remains on schedule.