Question

Which of the following is / are traditional control device(s) of control system?

• A. Zero base budgeting
• B. Network analysis
• C. Internal audit
• D. All of above

Answer 1

The correct option is C Internal audit

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. Controlling is a managerial function that follows every other function as it is the controlling function that make sure that every other managerial function is achieved efficiently.

Internal audit is a part of the traditional controlling system where internal audit by the management of the company is undertaken to control the deviations if any for the achievement of organisational goals.