Question

Name and briefly define the quantitative methods of control brainly.

Answer 1

Quantitative methods of control are tools or instruments used to facilitate and carry out control that uses numerical values for planning in decision making, some of these methods are:

• Budget

It is the method of formal quantitative expression of the objectives that the administration of the company proposes to achieve in a period, its purpose is the appropriate allocation of the resources available to the entity.

• Audits

The audit is a control method to improve the organization, management and administration of risks, providing a vision and recommendations based on the analysis and evaluation of data and processes.

Therefore, we can conclude that quantitative methods of control are instruments that have a measurable and controllable characteristic, among these methods are budgets and audits.

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