Which of the following pairs is correctly matched?
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Performance of an employee – Performance report prepared by his superior
Option (1) Performance of a company – Number of units sold and increase in market share — Incorrect. Units sold and market share measure progress of work in marketing. A company’s performance is measured by ratios such as gross profit ratio and net profit ratio.
Option (2) Progress of work in marketing – Number of pieces produced and defective pieces in a batch — Incorrect. Pieces produced and defective pieces measure efficiency of production.
Option (3) Efficiency of production – Gross profit ratio and net profit ratio at periodic intervals — Incorrect. Gross profit ratio and net profit ratio measure the performance of a company.
Option (4) Performance of an employee – Performance report prepared by his superior — Correct. An employee’s work is measured through a performance report prepared by his superior.
NCERT (2026-27 Edition): “Step 2: Measurement of Actual Performance: … It is generally believed that measurement should be done after the task is completed. However, wherever possible, measurement of work should be done during the performance. For instance, in case of assembling task, each part produced should be checked before assembling. Similarly, in a manufacturing plant, levels of gas particles in the air could be continuously monitored for safety. Measurement of performance of an employee may require preparation of performance report by his superior. Measurement of a company’s performance may involve calculation of certain ratios like gross profit ratio, net profit ratio, return on investment, etc., at periodic intervals. Progress of work in certain operating areas like marketing may be measured by considering the number of units sold, increase in market share, etc., whereas, efficiency of production may be measured by counting the number of pieces produced and number of defective pieces in a batch. …” |