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Home Questions VNVYK657N3
Target Exam

CUET

Subject

Business Studies

Chapter

Controlling

Question:

Match the following lists

LIST I LIST II
A) Setting performance standards I) Personal observation, sample checking, performance reports
B) Measurement of actual performance II) Performance of worker in terms of unit produced in a week,
measured against standard output of the week
C) Comparing actual performance with standards III) Standards can be both qualitative and quantitative
D) Analyzing deviations IV) Critical point control and management by exception
Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option 4- A-III, B-I, C-II, D-IV.

LIST I LIST II
A) Setting performance standards III) Standards can be both qualitative and quantitative
B) Measurement of actual performance I) Personal observation, sample checking, performance reports
C) Comparing actual performance with standards II) Performance of worker in terms of unit produced in a week,
measured against standard output of the week
D) Analyzing deviations IV) Critical point control and management by exception

 

* Setting performance standards: Standards serve as benchmarks towards which an organization strives to work. Standards can be set in both quantitative as well as qualitative terms.

* Measurement of actual performance: Performance should be measured in an objective and reliable manner. There are several techniques for measurement of performance. These include personal observation, sample checking, performance reports, etc

* Comparing actual performance with standards: Comparison will reveal the deviation between actual and desired results. For example: performance of a worker in terms of units produced in a week can be easily measured against the standard output for the week

* Analyzing deviations: Some deviation in performance can be expected in all activities. Deviations in key areas of business need to be attended more urgently as compared to deviations in certain insignificant areas. For this critical point control and management by exception is used by the manager

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