Question

The traditional control techniques are __________.

• A. Budgetary control and CPM
• B. PERT and CPM
• C. Zero base budgeting and management audit
• D. Budgetary control and standard costing

Answer 1

The correct option is D Budgetary control and standard costing

Controlling refers to the comparison between the actual performance and the planned performance so that corrective measures can be taken in case of any deviations or difference. The traditional controlling techniques include

• Budgetary controlling refers to the comparison between the actual expenditure and the planned expenditure so that corrective measures can be taken in case of any deviations or difference.
  
• Standard costing refers to the comparison between the actual cost and the planned cost so that corrective measures can be taken in case of any deviations or difference in the cost structure of the company.