Practicing Success
Which one of the following is not a modern technique of controlling function ? |
Responsibility Accounting PERT and CPM Management Audit Critical point control |
Critical point control |
The correct answer is option (4) : Critical point control 1. Responsibility accounting -It is a traditional accounting and control technique that has been used for decades. It involves assigning responsibility to various individuals or departments within an organization and holding them accountable for their performance based on budgets and performance measures. 2. PERT (Program Evaluation and Review Technique) and CPM (Critical Path Method) are project management tools used to plan, schedule, and control projects effectively. 3. Management Audit - It involves a systematic review of an organization's management processes and performance to identify areas for improvement, and it is a modern technique of assessing and controlling managerial effectiveness. |