Question

Match the following :

List I	List II
P. Break - Even Analysis	1. Modern control devices
Q. Internal Audit	2. Directed towards the dynamic management of projects
R. Management Audit	3. Traditional control device
S. PERT system	4. Widely used tool of managerial control

Select the correct answer from the options given below -

• A. P - 4, Q - 3, R - 1, S - 2
• B. P - 3, Q - 4, R - 2, S - 1
• C. P - 3, Q - 4, R - 1, S - 2
• D. P - 4, Q - 3, R - 2, S - 1

Answer 1

The correct option is C P - 3, Q - 4, R - 1, S - 2

• Break even analysis is a traditional control device of control system where the actual revenue performance is compared with the planned revenue performance so that corrective measures can be taken in case of any deviations or difference.
  
• Internal audit is a part of the traditional controlling system where internal audit by the management of the company is undertaken to control the deviations if any for the achievement of organisational goals.
  
• Management audit is a technique in which professionals are called by the company to keep a check on the performance of the management of the company and prepare a performance appraisal report for the same.
  
• PERT system is a control system which is directed towards the dynamic management in case of dynamic business environment.