prepare down the differentiations in nature of control in Service Industry and Manufacturing Industry? Illustrate out the management control system applied to banking organizations.
“Management control is process by which manager influences other members of organization to implement organizational strategies.” Illustrate with appropriate ex.
“A Sound Audit System reinforces management control.” Critically observe this statement in respect of the Cost Audit and Management Audit.
What do you mean by the term Goal Congruence? Provide appropriate ex and describe problem of Goal Congruence encountered by multidivisional companies at dissimilar levels.
What do you mean by the term Responsibility Centre? Illustrate out its various types of Responsibility Centres giving relevant illustrations.
prepare down comprehensive notes:
a) Profit sharing.
b) Internal Audit.
c) Zero Based Budget.
d) Functions of controller.