Which one of the following is not a modern technique of controlling function?
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Responsibility Accounting

PERT and CPM

Management Audit

Critical point control

Correct Answer

Critical point control

Responsibility accounting - It is a traditional accounting and control technique that has been used for decades. It involves assigning responsibility to various individuals or departments within an organization and holding them accountable for their performance based on budgets and performance measures.
PERT (Program Evaluation and Review Technique) and CPM (Critical Path Method) are project management tools used to plan, schedule, and control projects effectively.
Management Audit - It involves a systematic review of an organization's management processes and performance to identify areas for improvement, and it is a modern technique of assessing and controlling managerial effectiveness.
CPC - It refers to identifying and controlling critical points or factors that can significantly impact a process or operation. This may be relevant in various modern industrial and technical settings. But , it is not a modern technique for controlling.

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The Entrepreneurship Development Institute of India (EDI), a national resource institution has set 15 competencies of entrepreneurial success. Identify the one that is not included in these competencies.
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