Subject :Management Control Systems

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Name :Veerthapa                                                                                                                              Marks : 80

Course : Masters in Business Administration (MBA 4 Sem)

Subject :Management Control Systems

Answer the following question.

Question.1. Write the structure of an organization (10 marks)

Answer:The typically hierarchical arrangement of lines of authority, communications, rights and duties of an organization. Organizational structure determines how the roles, power and responsibilities are assigned, controlled, and coordinated, and how information flows between the different levels of management.

A structure depends on the organization's objectives and strategy. In a centralized structure, the top layer of management has most of the decision

Question.2. 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

Question.3. Give brief on Rishi and ashramic culture. (10 marks)

Answer:The ashram or the dwelling place was the ancient seat of learning and acted as the university and schools of today. It was the key institution where the Vedas were learned and practiced. The Rishi lived with his pupils. He taught them the message of the gods through mantras, how to worship them through sacrifice and inspire men to follow the ordinances of Gita. Each ashram was a closely knit family and not like the modern, impersonal schools of today. It rested on the collective support of the community who looked up to it as a source of inspiration for life well lived.

Question.4. Application of MCS in Public Sector. (10 marks)

Answer:The Monitoring and Control Surveillance Application (MCS) for toll systems is a tool that provides advanced technical and operational monitoring, remote control and troubleshooting in real time. It enables operators and administrators to view information about the peripherals status, to reflect alarms and events and to diagnose and modify the operation of the devices in an automatic way.

The basic functional modules of the Tecsidel’s

Question.5. Explain Concept of Six Sigma. (10 marks)

Answer:Six Sigma is a set of techniques and tools for process improvement. It was introduced by engineer Bill Smith while working at Motorola in 1986. Jack Welch made it central to his business strategy at General Electric in 1995. Today, it is used in many industrial sectors.

It seeks to improve the quality of the output of a process by identifying and removing the causes of defects and minimizing variability in manufacturing and business processes. It uses a set of quality management methods, mainly empirical, statistical

Question.6. Explain R O I Approach. (10 marks)

Answer:Return on investment (ROI) is performance measure used to evaluate the efficiency of investment. It compares the magnitude and timing of gains from investment directly to the magnitude and timing of investment costs. It is one of most commonly used approaches for evaluating the financial consequences of business investments, decisions, or actions.

Question.7. Write a short note on Core Competency (10 marks)

Answer:A business just starting out must try to first identify, and then focus on, its core competencies, allowing it to establish a footprint while gaining a solid reputation and brand recognition. Using and leveraging core competencies usually provides the best chance for a company's continued growth and survival, as these factors are what differentiate the company from competitors.

Question.8. Write a short note on Operating Budget (10 marks)

Answer:Maintaining a healthy business requires careful financial planning and budgeting. Companies use a master budget to manage their cash and other assets, and to estimate their future sales and expenses. Master budgets are made up of two parts that work together: financial budgets and operating budgets.

Financial budgets focus on cash and capital

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