Management Control Systems Take-Home Exam
Take home exam is the case study of "HCC industries",
Required:
1. Discuss the relationships between budget targets and performance evaluation procedures of HCC Industries.
2. Why did HCC corporate managers decide to abandon "stretch" budgeting concept?
3. Describe the new processes that HCC implemented to replace its existing budgeting concept. What are the strengths and weaknesses of this new process?
4. Evaluate the decision to use 'minimum performance standard" (MPS) targets instead of "stretch" targets.
5. Should HCC managers have expected that the MPS target-setting philosophy would be equally effective in all four operating divisions described?
6. What, if anything, could have been done to improve the implementation of the new philosophy?
7. Referencing using Harvard style and presentation.
Case Study - https://drive.google.com/file/d/0B5FzFeD1OI9eZnItZHJIcmhPV0U/view.