1) Management control begins with planning. Do you agree? Give explanation of your views.
2) What do you mean by strategies? How will you prepare the strategy of LCD TV manufacturer?
3) What do you mean by zero base budgeting? Describe the basic steps involved in zero base budgeting.
4) Describe the term 'responsibility centre'. Describe the mechanics of setting up Investment Centre Control.
5) What objectives must transfer prices attempt to meet? How will you manage the transfer prices for evaluating divisional performance?
6) What are the characteristics of a service organization? Describe the management control system in the insurance company.