Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Planning

Question:

Match List I with List II.

List I List II
(A) Method (I) Expected results expressed in numerical terms
(B) Procedure (II) Specific Statements
(C) Budget (III) Specified in Chronological order
(D) Rules (IV) Prescribed ways or manner

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option (3) : (A)-(IV), (B)-(III), (C)-(I), (D)-(II)

(A) Method - (IV) Prescribed ways or manner:

• A "method" is a systematic approach or technique used to achieve a specific result or outcome. It provides prescribed ways or
manners of doing something in an organized and structured fashion.

(B) Procedure - (III) Specified in Chronological order:

• A "procedure" is a set of steps or actions that need to be followed to accomplish a particular task or achieve an objective. These steps are typically specified in chronological order to ensure that the task is carried out systematically and in a logical sequence.

(C) Budget (I) Expected results expressed in
numerical terms:

• A "budget" is a financial plan that outlines the expected results expressed in numerical terms. It specifies the allocation of financial resources and sets numerical targets or limits for expenses and revenues.

(D) Rules - (II) Specific Statements:

• "Rules'' are specific statements or guidelines that dictate what is allowed or prohibited in a particular context. Rules provide clear and specific instructions or principles to follow in a precise and unambiguous manner.