MMPF-3 2022-23 SOLVED ASSIGNMENT

Description

Course Code : MMPF-003
Course Title : Management Control Systems
Assignement Code : MMPC-003/TMA/JULY/2022 JAN 2023
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment to the coordinator of your study
centre. Last date of submission for July 2022 session is 31st October, 2022 and for January
2023 session is 30th April, 2023.
1. Define the concept of strategy and explain the application of SWOT analysis in
formulation of strategies.
2. Explain the concept of Management Information System (MIS) and discuss the important
considerations in designing MIS.
3. What is a Responsibility Centre? Why are they established? Explain each type of
responsibility centre.
4. What do you understand by Reward and Compensation? How does the organization wise
incentive plans differ from individual incentive plans.
5. What is a Service Organization? How does a service organization differ from
manufacturing organization? Discuss the affect of these differences on the design of
management control system of service organization.