List-I (Controlling Process) | List-II (Related Concept) | ||
(A) | Analyzing deviations | (I) | It demands managerial attention |
(B) | Taking corrective notion | (II) | It becomes easy when quantitative terms are used |
(C) | Comparison of standard with actuals | (III) | To determine acceptable range of deviations |
(D) | Setting performance standards | (IV) | Serves as benchmarks towards which an organization strives to work |