MMPF-003 Management Control Systems Solved Question Paper December 2023

MMPF-003 Management Control Systems Solved Question Paper December 2023

Management Control Systems
Course Code: MMPF-003

1. Explain the concept of strategy. Describe the
BCG Model and General Electric (GE) planning
model and discuss their usefulness in
formulating business unit level strategies.
[ 2 ] MMPF–003
2. Why are behavioural dimensions important in
Management Control Systems ? Discuss the
application of Theories X, Y and Z in ensuring
Goal Congruence.
3. Explain the concept of Responsibility
Accounting and describe its benefits. What
purpose does it serve ?
4. Explain the concept of Profit Centres. Discuss
the rationale for profit decentralisation.
5. What is Arm’s Length Principle ? Discuss the
application of arm’s length principle and
describe the Comparable Uncontrolled Price
(CUP) method.
6. What do you understand by performance
measurement ? Discuss the framework for
performance measurement and describe the
metrics used for performance measurement.
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7. Explain the following :
(i) Business Process Reengineering (ERP)
(ii) Programme and Performance Budgeting
8. Explain the risk characteristics of a bank and
describe the role of management control
systems in containing these risks.