Management Control System

02 Jul

1. Describe the need for MIS in a business organization focusing on Management Control System. Also explain the important considerations in designing Management Information System (MIS) for the purpose of Management Control.

2. Explain the following

a) Management by Objectives (MBO)

b) Concept of Six Sigma

c) Flexible Budgeting

d) Balance Score Card

e) Elements of a Control System

f) R O I Approach

g) Performance Budgeting

3. Explain how by designing an appropriate Management Control System, the different types of risks faced by the banks can be tackled.

4. What are different functions involved in the control of an Organization. Explain them?

5. Consider a Retail Outlet. What should be the objectives of Management Control system for the retail outlet? Examples would strengthen your views.

6. Under Operations, What are the key principles of its Control and Management?

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