Answer to Question #159990 in Management for Prince

Question #159990

Subject: Business performance measurement

1.what are the issues involved in drafting management control system in a non-profit organisation ?(please answer in points in at least 200 to 250 words)

2."Company Transfer pricing policies must satisfy dual objectives",comment ? what are the objectives ? (Please give 7 to 8 objectives in detail)

3.how does management control system help a firm in improving its capabilities.? illustrate . (please answer in points in at least 200 to 250 words )

4.describe information system aspects of Management control and information flow in the multi locational firm.( please answer in 200 to 250 words)


1
Expert's answer
2021-02-05T05:18:32-0500

The following issues are involved when the non-profit organizations draft the management control system.

  • There is informal management.
  • There is an Under-utilisation of facilities of the costly equipment.
  • There is Inadequate internal control
  • There is The concentration of authority in the hands of a few personnel.
  • Formal appraisal techniques are Inadequate.

 

The dual Objectives that a company transfer policies must satisfy includes;

  • Reducing customs duty payments
  • Maximizing overall profits.
  • Reducing exchange exposure so that they can maximize transfer firms' affiliates to the parents.
  • Circumventing the quota restrictions on imports.
  • Transferring of funds in locations to suit corporate working capital policies.

 

the following are the ways that management control help in improving the firm's capabilities.

·     Gives the organization's organizational objectives.

·     Gives the management hierarchy, with managers being in sub-units and objectives.

·     Allows Organisational situations present in internal and external circumstances.

·     Economises the Objectives.

 

  the following is the information system aspects of Management control and information flow in the multi locational firm

Process of formal control

Formal planning process 

internally supports the control system, and the reporting process guides the firm to use information.


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