Question

Match List-I with List-II.

List-I (Functional Areas)	List-II (Standards)
(A) Production	(I) Cost
(B) Marketing	(II) Sales Volume
(C) Human Resource Management	(III) Labour Relations
(D) Finance	(IV) Liquidity

Choose the correct answer from the options given below :

• A. (A)-(I), (B)-(II), (C)-(III), (D)-(IV)
• B. (A)-(I), (B)-(III), (C)-(II), (D)-(IV)
• C. (A)-(II), (B)-(III), (C)-(IV), (D)-(I)
• D. (A)-(I), (B)-(II), (C)-(III), (D)-(IV)

Answer 1

The Correct Option is A

To match the functional areas listed in List-I with the appropriate standards from List-II, let's analyze each pair: 

• Production is related to standards of cost, as managing cost effectively is crucial for the production process. Thus, (A)-(I).
• Marketing focuses on sales volume, as marketing activities are aimed at increasing the number of sales. Hence, (B)-(II).
• Human Resource Management deals with labour relations, which are vital for managing employee interactions and organizational culture. Therefore, (C)-(III).
• Finance is concerned with liquidity, which involves ensuring that there is enough cash flow to meet short-term obligations. So, (D)-(IV).

The correct matching option is: (A)-(I), (B)-(II), (C)-(III), (D)-(IV).

Answer 2

Production focuses on controlling cost, ensuring that products are manufactured efficiently while minimizing waste and maximizing productivity.

Marketing is measured by sales volume, as the success of marketing efforts is often evaluated based on how much product is sold in a given time frame.

Human Resource Management deals with labour relations, managing employee welfare, resolving conflicts, and ensuring fair treatment and compliance with labour laws.

Finance is concerned with liquidity, ensuring that the company has enough cash flow to meet its short-term obligations and avoid financial crises.