QUESTION BANK MCS

1. What are the features of Management Control Systems?

2. Describe briefly the overall framework of management control? How does it
relate to strategic planning and operations control?
3. What do you understand by Goal congruence? What are the informal factors
that affect goal congruence?
4. Explain the steps involved in Strategy formulation?
5. What is a responsibility center ? Briefly describe Engineered Expense center,
Discretionary expense center, Revenue center and profit center?
6. What are the different methods of evaluating the performance of an
investment centre? Discuss the merits and demerits of each? Which method
would you recommend?
7. How is the performance of the head of a responsibility center evaluated?
8. What is meant by Free Cash Flow? How is it computed?
9. Explain different notations of Income and explain ROI, ROTA, ROCE.
10.Explain a Balance Scorecard in brief / detail?
11.How is the balance scorecard superior to other methods of performance
appraisal?
12.Define Auditing. Explain the scope and objectives of Management Audit?
13.What is a Matrix organization? What are its limitations?
14.What are the different types of strategic missions at SBU level? How do these
missions affect strategic planning process and budgeting at SBU level?
15.What are the objectives of Transfer pricing? What are the different methods to
arrive at a transfer price? Explain the appropriateness of each method?
16.What is the ideal transfer price in the situation of
a. Limited market
b. Shortage of capacity in the industry
17.Define Benchmarking? What are the various types of benchmarking?
18.How does a service organization differ from a manufacturing organization?
How is pricing and marketing done by professional services organization?
19.Explain MCS in service organisation
20. What is a Non profit organization? How is the performance of this
organization evaluated?
21.Explain Zero based budgeting?
22.Write a brief note on Linear programming technique for determining
divisional goals in a multidivisional company?
23.State the limitations of Financial reporting under historical cost convention?
24.Explain Management by objectives?
25.All ratios for understanding the performance of a business unit?