Consider the following steps involved in the process of organizing, and arrange them in the correct chronological order: I. Determination of objectives II. Assignment of duties to individuals III. Enumeration and grouping of activities IV. Delegation of authority Select the correct answer from the code given below:

Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Decentralisation improves managerial development by allowing lower level managers to participate in decision making. Reason (R): Decentralisation completely eliminates the need for coordination and control at the top management level.

Which of the following statements related to Just-in-Time (JIT) Manufacturing are correct? (I) JIT is a demand-pull manufacturing system. (II) It aims to produce high-quality products at the lowest possible cost. (III) It is also known as Clean Production. (IV) JIT system helps in reducing various overhead costs. Choose the correct answer from the options given below: