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INDIAN SCHOOL OF BUSINESS
MANAGEMENT & ADMINISTRATION
AN ISO 9001 : 2008 CERTIFIED INSTITUTION
SUBJECT:- Management Control System
MARKS :80
Course : MBA-4 Sem (Masters In Business Administration Dual
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 :
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or
Call us at : 08263069601
(Prefer mailing. Call in emergency )