Matching Business Terms: List I & List II

This question requires matching specific business and technical terms from List I to their correct definitions or associated concepts in List II.

• a. Stock files as record corresponds to iii. Master file. A master file typically holds essential, relatively permanent data, such as stock details in a warehouse.
• b. Process of managing goods corresponds to iv. Stock control. This term directly refers to the efficient management and handling of inventory.
• c. Management information system corresponds to i. Daily report. Management information systems generate reports, like daily reports, to support decision-making.
• d. Log-in allowed to only internal people corresponds to ii. Intranet. An intranet is a private network restricted to users within an organization.

Solution Breakdown

Step-by-step matching:

• Stock files in a warehouse serve as a primary data source, hence 'Master file' (a-iii).
• The most sensible management of goods is achieved through 'Stock control' (b-iv).
• A 'Management information system' often produces outputs like a 'Daily report' (c-i).
• Access restricted to internal personnel defines an 'Intranet' (d-ii).

Combining these matches gives the sequence: a-iii, b-iv, c-i, d-ii.