Business Studies, asked by mayuri1998, 5 months ago

the old control techniques which was used through years is​

Answers

Answered by vinaysharma58
6

Traditional techniques are those which have been used by the companies for a long time now. These include: Personal observation. Statistical reports. Budgetary control.

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Answered by bandameedipravalika0
0

Answer:

Concept:

Managers are given the kind and quantity of information they need to assess and track performance through the use of control techniques. It is necessary to adapt the information from multiple controls to a particular management level, department, unit, or activity.

Explanation:

The old control techniques of management that has been used for years are :

  • Break-even analysis

              Depicts no profit, no loss scenario in an organization.

  • Budgetary control

            Focuses on  regulating the organization's activity within scheduled budget.

  • Standard Costing

               Comparing the standard cost against recorded cost for each and every activity.

  • Financial Ratio Analysis

                  Analyzes the financial performances using reports, sheets etc.,

  • Internal Audit

                   Internal auditors  asses their own performances for the operation carried out in an organization.    

  • Statistical Control

                    Picturizes how the organization's effectively accomplishes the task .

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