Question 1:
Write down the differentiations in nature of control in Service Industry and Manufacturing Industry? Illustrate out the management control system applied to banking organizations.
Question 2:
“Management control is process by which manager influences other members of organization to implement organizational strategies.” Illustrate with appropriate example.
Question 3:
“A Sound Audit System reinforces management control.” Critically observe this statement in respect of the Cost Audit and Management Audit.
Question 4:
What do you mean by the term Goal Congruence? Provide appropriate example and describe problem of Goal Congruence encountered by multidivisional companies at dissimilar levels.
Question 5:
What do you mean by the term Responsibility Centre? Illustrate out its various types of Responsibility Centres giving relevant illustrations.
Question 6:
Write down comprehensive notes:
a) Profit sharing.
b) Internal Audit.
c) Zero Based Budget.
d) Functions of controller.