MS43 Management Control Systems June 2007

MANAGEMENT PROGRAMME

Term-End Examination

MS-43 : MANAGEMENT CONTROL SYSTEMS

Time : 3 hours
Maximum Marks : 100
(Weightage 70%)

Note : Attempt any five questions. All questions carry equal marks.

June 2007

1. Explain in detail how the new management techniques for management control are being used to assure that resources are obtained and used effectively and efficiently in the accomplishment of organisational goals.

2. What do you undersand by Management Information System ? Explain its significance in designing Management Control Systern in an organisation.

3. What is meant by Transfer Pricing ? Explain the various methods used to determine the transfer pricing.

4. Critically examine the basic features of a typical Performance Measurement System.

5. Explain the Agency Theory Framework and discuss how the Management Control System can reduce the agency cost.

6. Explain the unique features of Management Control Systems in Insurance Companies.

7 . How does the Control Environment of projects differ from that of the manufacturing organisations ? Explain.

8. What are knowledge organisations ? Analyse the role of Management Control System in knowledge organisations