Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Controlling

Question:

Arrange the following in proper sequence.

A. Critical Point control and management by exception

B. Performance should be measured in an objective and reliable manner

C. Standards are set in both Quantitative as well as Qualitative terms

D. Reveal the deviation between actual and desired results

E. Taking corrective action

Choose the correct answer from the options given below :

Options:

A, B, C, D, E

E, D, C, B, A

C, B, D, A, E

A, C, B, E, D

Correct Answer:

C, B, D, A, E

Explanation:

The correct answer is option (3) : C, B, D, A, E

C. Standards are set in both Quantitative as well as Qualitative terms: This is where the standards or criteria for performance are established.

B. Performance should be measured in an objective and reliable manner: Once the standards are set, the next step is to measure the performance objectively and reliably against these standards.

D. Reveal the deviation between actual and desired results: By measuring performance, you can identify any deviations between what was expected (standards) and the actual results achieved.

A. Critical Point control and management by exception: Once deviations are identified, critical points or exceptions that require management attention are determined.

E. Taking corrective action : The final step is to take corrective action in response to the identified critical points or exceptions to bring performance back in line with the desired results.