Explain the important attributes of Management Control Systems and discuss the importance of behavioral dimensions in designing management control systems.
What is a Responsibility Centre and why are responsibility centres established? Briefly explain each type of responsibility centre.
What is a Performance Measurement system? Explain the various metrics used for performance measurement.
What are the objectives of reward and compensation plans? Discuss in detail the various types of short term and long term incentive plans.
Explain the risk characteristics of a bank and discuss the role of management control system in containing these risks.
