The correct answer is option (1)- (A)-(III), (B)-(IV), (C)-(I), (D)-(II).
| List I |
List II |
| (A) Breakeven analysis |
(III) Studies the relationship between cost, volume and profits |
| (B) Statistical analysis |
(IV) In the form of averages, percentages etc. present useful information |
| (C) Budgetary control |
(I) A quantitative statement for a definite future period of time |
| (D) Personal observation |
(II) Collects first hand information |
(A) Breakeven analysis - (III) Studies the relationship between cost, volume, and profits.
Breakeven analysis is a financial calculation that helps determine the point at which total revenue equals total costs. It involves studying the relationship between costs, volume of production, and profits to identify the breakeven point.
(B) Statistical analysis - (IV) In the form of averages, percentages, etc., present useful information.
Statistical analysis involves the collection and interpretation of data. This method presents information in the form of averages, percentages, or other statistical measures to provide useful insights and patterns.
(C) Budgetary control - (I) A quantitative statement for a definite future period of time.
Budgetary control involves the creation and management of budgets. It is a quantitative statement that outlines financial plans for a specific future period, helping in controlling and monitoring expenses.
(D) Personal observation - (II) Collects first-hand information.
Personal observation is a method of data collection where an individual directly observes a situation. It involves firsthand information gathering, making it a valuable source of qualitative data. |
