Question

Which of the following are control techniques of managerial control?

Options

• Return on investment

• Ratio Analysis

• Responsibility Accounting

• All of the above

Answer 1

All of the above

Explanation - 

• Return on Investment : Return on Investment (ROI) refers to the profits or benefits obtained as a result of the investments made. It's a useful method in determining whether the capital invested was successful is efficiently used, and if a reasonable. These provide a significant amount of revenue investments.
• Ratio Analysis : Calculating numerous ratios in order to analyse financial statements is part of this technique. These ratios are then employed as a management control tool. The following are the most regularly used control ratios.
• Responsibility Accounting : Different divisions of an organisation are designated as responsibility centres in this system. Each center's goals and responsibilities are the responsibility of the center's leader.