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INDIAN SCHOOL OF BUSINESS
MANAGEMENT & ADMINISTRATION
AN ISO 9001 : 2008 CERTIFIED INSTITUTION
SUBJECT:- Management Control System
MARKS :80
Name :
Answer the question in one line.
Q1. In the Business Environment context, explain
how the Political and legal Environment of business plays a vital role.
Justifyby bringing in suitable examples (10 marks)
Answer:
Q2.
Give Formal Control process block diagram (10 marks)
Answer:A
block diagram is a diagram of a system in which the principal parts or
functions are represented by blocks connected by lines that show the
relationships of the blocks. They are heavily used in engineering in hardware
design, electronic design, software design, and process flow diagrams.
Block
diagrams are typically used for higher level, less detailed descriptions that
are intended to clarify overall concepts without concern
Q3.
Distinguish between task control and management control. (10 marks)
Answer:Management
control is a systematic effort by business management to compare performance to
predetermined standards, plans, or objectives.Task control is the management of
tasks.
Distinctions:
Management
control is similar throughout the organization.
Task
control varies throughout the organization.
In
management control, managers interact with other managers.
In
task control, no interaction between managers occurs, but there may be
interaction between a manager and a non-manager.
Q4.
Give impact of Internet on Management Control. (10 marks)
Answer:The
rapid growth of end-user computing, low-cost communications, and network
software now exert a powerful influence on how businesses organize and
communicate. The trend toward lean organizations–empowered, multi-function work
teams–and their need to communicate information quickly "any time, any
place" embodies the emergence of geographically dispersed electronic
groups. This new pattern of organizational structure and the parallel
developments of group information technologies converge into a new working
environment called the networked society.
These
information-based organization shifts are enabled by collaborative technology
popularly described as groupware. However, although
Q5.
Explain Management Audit (10 marks)
Answer:Management
Audit' is a systematic examination of decisions and actions of the management
to analyse the performance. Management audit involves the review of managerial
aspects like organizational objective, policies, procedures, structure, control
and system in order to check the efficiency or performance of the management
over the activities of the Company. Unlike financial audit, management audit
mainly examine the non financial data to audit the efficiency of the
management. Somehow audit tries to search the answer of how well the management
has been operating the business of the company? Is managerial style well suited
for business operation? Management Audit focuses on results, evaluating
Q6.
Write a note on withholding Tax. (10 marks)
Answer:A
withholding tax, also called a retention tax, is a government requirement for
the payer of an item of income to withhold or deduct tax from the payment, and
pay that tax to the government. In most jurisdictions, withholding tax applies
to employment income. Many jurisdictions also require withholding tax on
payments of
Q7.
Discuss the nature of management control systems (10 marks)
Answer:An
organisation is a system of interrelated parts working in conjunction with each
other for accomplishing its goals and those of the people involved in it.
Management is the process whereby the resources of man, machine and material
are integrated to accomplish these goals. Therefore, the role of management is
to plan, organize,
Q8.
Difference between Responsibility Centers: Revenue and Expense Centers (10
marks)
Answer:
Responsibility centers are identifiable segments within a company for which
individual managers have accepted authority and accountability. Responsibility
centers define exactly what assets and activities each manager is responsible
for.
How
to classify any given department depends on which aspects of the business the
department has authority over.
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“
help.mbaassignments@gmail.com ”
or
Call
us at : 08263069601
(Prefer
mailing. Call in emergency )
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