Match the following lists
| LIST I | LIST II |
| A) Objectives | I) General statements that guide |
| B) Policy | II) Statement of expected results |
| C) Rule | III) Statements that tell what is to be done |
| D) Budget | IV) Desired future position |
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 4
The correct answer is option 4- A-IV, B-I, C-III, D-II.
| LIST I | LIST II |
| A) Objectives | IV) Desired future position |
| B) Policy | I) General statements that guide |
| C) Rule | III) Statements that tell what is to be done |
| D) Budget | II) Statement of expected results |
* Objectives: Objectives can be said to be the desired future position that the management would like to reach.
* Policy: Policies are general statements that guide or channelize energies towards a particular direction.
* Rule: Rules are specific statements that tell what is to be done.
* Budget: A budget is a statement of expected results expressed in numerical terms.