Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Controlling

Question:

Match List I with List II

List I List II
A. Systematic appraisal of the overall performance of the management I. PERT/CPM
B. These techniques are useful for planning scheduling and implementing time bound projects II. Breakeven analysis
C. Computer based information system that provides information and support for effective managerial decision making III. Management Audit
D. Sales volume at which there is no profit no loss IV. Management Information system

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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

PERT and CPM :

• Programme Evaluation and Review Technique and Critical Path Methods are used for planning, scheduling and implementing time bound projects involving performance of a variety of complex, diverse and interrelated activities.

Breakeven Analysis:

•  It is a technique used by managers to study the relationship between costs, volume and profits.

Management Audit:

•  It refers to systematic appraisal of the overall performance of management of the organisation.

Management Information System :

• MIS is a computer based information system that provides information and support for effective managerial decision making.