Ms-43 question Bank (7)
Ms-43 question Bank
MS 43 JUNE 2015
Written by sales@mbaonlinepapers.com sales@mbaonlinepapers.comMANAGEMENT PROGRAMME
Term-End Examination
June, 2015
MS-43 : MANAGEMENT CONTROL SYSTEMS
1. 'Management techniques such as Just In Time (JIT) and Benchmarking are in tune with the conceptual foundation of Management Control Systems'.Explain.
2. Explain the meaning of Business Process Re-engineering ? What are the rules laid down
for re-engineering and integration by Hammer ?
3. How does the top management in any organisation decide as to which particular unit
of the organisation be designated as cost centre, revenue centre, profit centre or investment
centre ?
4. What is transfer pricing ? Describe the traditional transaction methods for determining the transfer price.
MS-43 1 P.T.O.
5. Define Budgetary Control and the steps involved in budgetary control system. In what way is
standard costing different from budgetary control ?
Ms-43 December 2009 Management Control Systems
Written by sales@mbaonlinepapers.com sales@mbaonlinepapers.comDecember, 2009
MS-43 : Management Control Systems
1. Emphasize the importance of behavioural dimensions in Management Control Systems (MCS). For understanding the behavioural dimensions in relation to MCS which styles of management are crucial and under what conditions ? Explain.
2. What is the need for responsibility centres in an organisation ? Discuss the various types of Responsibility Centres.
3. Explain the Arm's length principle and discuss the comparable uncontrolled price (CUP) method giving a suitable example.
4(a) Discuss the important issues that need to be examined and sorted out before developing the detailed budgets.
(b) What do you mean by a Balanced Score Card ? Discuss its advantages and the process of creating it.
5. What do you understand by Profit Centre ? Discuss the different issues that need to be looked into if Bank branches are to be treated as Profit Centres.
6. What do you mean by Business Process Reengineering (BPR) ? Discuss the seven principles proposed by Hammer for reengineering and integration. What changes occur within an organization by the application of BPR ?
7. Explain the following statements :
(a) 'Five metaphors of control help not only in understanding the control process in organisations but also in designing the control systems'.
(b) 'Budgetary control system or any MCS cannot be operated unless the human factor in Management is given adequate consideration'.
(c) 'In performance appraisal the management should distinguish between performance of the manager and performance of the unit as an economic activity'.
(d) 'MIS is essentially a managerial tool for decision making, performance review and performance measurement'.
8. Write short notes on any four of the following :
(a) Cybernetic Paradigm
(b) Marketing Intangibles
(c) Economic value added
(d) Benchmarking
(e) Master Budget
(f) Knowledge organisations
Ms-43 June 2010 Management Control Systems
Written by sales@mbaonlinepapers.com sales@mbaonlinepapers.comJune, 2010
MS-43 : Management Control Systems
1. Discuss the different forms of organizational structures and how are organization structures and control systems linked together ?
2. What do you mean by transfer pricing ? Discuss the methods and criteria of transfer pricing. What are the different types of inter-company transactions ?
3. What are the important steps involved in a budgetary control system ? Discuss the important considerations involved in capital budgeting.
4. What are the general characteristics of the financial service sector ? Discuss about the risks faced by banks in general and the regulatory framework to contain and minimise these risks.
5. Why are behavioural dimensions important in Management Control Systems ? Which styles of management and under what conditions are they critical in understanding such dimensions in relation to Management Control System ?
6. Explain the meaning, components and major features of Enterprise Resource Planning (ERP). What benefits might accrue to any business enterprise by implementing an ERP package ?
7. Describe the special characteristics of Non-Profit Organisations ? In what way does the management control system for Non-Profit Organisations differ from that of Profit-Organisations ?
8. Write short notes on any four of the following :
(a) Responsibility Accounting
(b) Cybernetic Paradigm
(c) Zero-base budgeting
(d) Product pricing
(e) Benefits of performance linked reward
(f) Characteristics of profit centre
Ms-43 June 2011 Management Control Systems
Written by sales@mbaonlinepapers.com sales@mbaonlinepapers.comJune, 2011
Ms-43 : Management Control Systems
1. Explain the nature and purpose of Management Control Systems and discuss the considerations involved in designing Management Control System in- an organisation.
2. Explain the concept of 'strategy' and discuss the various models used for formulating Business Unit Strategies.
3. What is a 'cost centre' ? Explain and distinguish between engineered cost centre and discretionary cost centres and discuss the implication that they create for management control system.
4. What are 'investment centres' ? Discuss the various approaches used for measuring the performance of investment centres.
5. Explain the Arm's Length Principle and discuss the Transactional Profit Methods used for transfer pricing.
6. Explain Performance Measurement. Discuss the various metrics used for performance management.
7. Discuss the general and risk characteristics of banks. How can the risk in banks be controlled by the application of Management Control Systems ? Explain.
8. What are the characteristics of a project organisation ? Explain how these features affect the control system design of a project.
Ms-43 December 2011 Management Control Systems
Written by sales@mbaonlinepapers.com sales@mbaonlinepapers.comDecember, 2011
MS-43 : Management Control Systems
1. Briefly explain the nature and purpose of management control systems and discuss the various critical components of management control systems.
2. Explain the concept of 'Radical Performance Improvement' (RPI) and discuss the application of this frame work in the formulation of corporate strategy.
3. Explain the concept of Responsibility Accounting. Discuss the application of this concept in creating and designing various responsibility centres.
4. What is an investment base ? Explain the various asset valuation alternatives used for the purpose of calculating investment base.
5. What do you understand by Transfer Pricing? Explain the Various categories of Inter Company Transfers in the context of transfer pricing.
6. Explain the following :
(a) Value added analysis
(b) Activity based costing
7. Explain the distinguishing features of cash flows of insurance companies. What are the implications of these characteristics on Management Control Systems of insurance companies ? Discuss.
8. What are 'development organisations'? Explain the main elements of Management Control Systems for development organisations.
Ms-43 December 2012 Management Control Systems
Written by sales@mbaonlinepapers.com sales@mbaonlinepapers.comDecember, 2012
Ms-43 : Management Control Systems
1. What are Business Unit Strategies? Explain the application of BCG Model and General Electric (GE) planning model in the formulation of business unit strategies.
2. Explain the concept of responsibility Accounting and describe its benefits? Briefly explain various types of responsibility centres.
3. What do you understand by Transfer Pricing? Discuss the various categories of inter-company transfer transactions.
4. What is 'investment centre'? Explain the concept of 'Return on Investment' (ROI) in the context of performance measurement of an investment centre.
5. Elaborate on the constituent parts of the performance measurement system and discuss the requirement for a performance measurement system.
6. Explain the characteristics of incentive compensation plans and discuss the various short term incentive plans.
7. Explain the general characteristics of banks and discuss how can management control systems contain risks faced by banks?
8. What are Developmental organisations? Discuss the main elements of control systems for these organisations.
Ms-43 June 2013 Management Control Systems
Written by sales@mbaonlinepapers.com sales@mbaonlinepapers.comJune, 2013
MS-43 : Management Control Systems
1. Define the concept of strategy. Explain the Boston Consulting Group (BCG) model, General Electric (GE) planning model and highlight their usefulness in formulating business unit level strategies.
2. Explain the following:
(a) Just In Time (JIT) and Management Control System
(b) Benchmarking and Management Control System
3. What is a 'Responsibility Centre'? Why are they established? Explain the different types of Responsibility Centres.
4. What is Arm's Length Principle ? Explain the traditional transaction methods used for determination of transfer price.
5. What do you understand by Performance Measurement ? Explain in detail the G.E. performance measurement frame-work.
6. What are the objectives of Reward and Compensation plan. Discuss the various types of long term incentive plans.
7. Explain the following :
(a) Business Process Re-engineering (BPR)
(b)
8. Discuss the special characteristics of Non Profit Organisations and explain the focus areas of Management Control Systems for such Organisations.
Ms-43 question Bank