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CSEET · Business Laws and Management · Functions of Management

Match the control technique in List I with its description in List II. List I: (P) Budgetary control (Q) Break-even analysis (R) Management audit (S) Ratio analysis List II: (1) Systematic evaluation of overall management performance (2) Expressing targets in numerical terms for a future period and comparing actuals (3) Studying relationships among financial figures (4) Finding the output level where there is no profit or loss

The correct matching is budgetary control with numerical targets compared against actuals, break-even analysis with the no-profit-no-loss output level, management audit with systematic evaluation of overall management performance, and ratio analysis with relationships among financial figures.

  1. AP-2, Q-4, R-1, S-3Correct
  2. BP-4, Q-2, R-3, S-1
  3. CP-2, Q-3, R-1, S-4
  4. DP-1, Q-4, R-2, S-3

Explanation

Budgetary control sets numerical targets and compares actuals with them (2). Break-even analysis finds the no-profit-no-loss output (4). Management audit evaluates overall managerial performance (1). Ratio analysis studies relationships between financial figures (3). Only the first option gives this combination.

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