Discuss the traditional and modern techniques of managerial control
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The return on investment can be compared over a period of time as well as with that of other similar concerns. This comparison will show the present performance in relation to earlier periods and also the level of achievement of the concern in comparison to other concerns. The return on investment is computed by dividing the operating net profit (before interest and tax) by the capital employed in the concern.
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Explanation:
Personal Observation. This is themost traditional method of control. ...
Browse more Topics under Controlling. Meaning of Controlling. ...
Statistical Reports. ...
Break-even Analysis. ...
Budgetary Control. ...
Return on Investment. ...
Ratio Analysis. ...
Responsibility Accounting.
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