Free IGNOU MMPF-003 Important Questions 2025 Download PDF

Free IGNOU MMPF-003 Important Questions 2025 Download PDF

Free IGNOU MMPF-003 Important Questions JUNE 2025 Download Pdf, IGNOU MMPF-003 Management Control Systems Important Questions Completed Important Questions for the current session of the Master of Business Administration (MBA) Program for the years 2024–2025 have been uploaded by IGNOU. Important Questions for IGNOU MMPF-003 students can help them ace their final exams. We advise students to view the Important Questions paper before they must do it on their own.

Free IGNOU MMPF-003 Important Questions 2025 Download PDF
Free IGNOU MMPF-003 Important Questions 2025 Download PDF

 

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Free IGNOU MMPF-003 Important Questions 2025 Download Pdf Management Control Systems Important Questions With Answers Download Pdf A thorough examination of India's foreign policy is covered in the Master of Business Administration Master of Business Administration (MBA) program at IGNOU under the course code MMPF-003 Important facets of India's foreign policy, ties with other world powers, and international relations are covered in this course. The most crucial MMPF-003 questions are listed below, along with their solutions, to help students study for the test.

Free IGNOU MMPF-003 Important Questions 2025 Download Pdf

Section I

·  Define Management Control. Discuss the objectives and factors influencing the design of Management Control Systems.​

·  Explain the concept of Radical Performance Improvement (RPI). How do Management Control Systems facilitate RPI?

·  What is Responsibility Accounting? Discuss its benefits and how it aids in delegating authority and assigning responsibility.

·  Define a Cost Centre. Differentiate between Engineered Expense Centres and Discretionary Expense Centres. How is the performance of Engineered Expense Centres measured?​

 ·  What is an Investment Centre? Discuss its objectives and explain the techniques used to measure its performance.

·  Discuss the merits of using multiple performance indicators. Explain the General Electric (GE) Performance Measurement Model.​

·  Explain the concepts of Business Process Reengineering (BPR) and Value-added Analysis. How do they contribute to management control

·  Describe the unique characteristics of financial service organizations. Discuss the various risks faced by banks and how Management Control Systems can mitigate these risks.​

·  What is the Arm’s Length Principle? Discuss its application and describe the Comparable Uncontrolled Price method.

Section II

·  Explain the concept of strategy. Describe the BCG Model and General Electric (GE) planning model. Discuss their usefulness in formulating business unit-level strategies.​

 ·  Why are behavioral dimensions important in Management Control Systems? Discuss the application of Theory X, Theory Y, and Theory Z in ensuring goal congruence.​

 ·  What is the concept of Responsibility Accounting? Discuss its benefits and the purpose it serves in management control

·  Explain the concept of Profit Centres. Discuss the rationale for profit decentralization and its impact on organizational performance.

·  Discuss the role of Total Quality Management (TQM) and Enterprise Resource Planning (ERP) in enhancing management control systems.​

·  What are the characteristics of a project organization? Explain how these characteristics affect the design of control systems in project management.​

·  Discuss the objectives of reward and compensation systems. Explain the various types of short-term incentive plans used to motivate employees.

·  What do you understand by 'Performance Measurement'? Explain the broad framework for performance measurement systems and the various types of metrics used.​

 ·  Explain the concept of 'Management Control' in the context of financial service organizations. Discuss the unique challenges and risks faced by banks and how management control systems can address them.​

·  Discuss the importance of strategic control in management. How does strategic control differ from operational control?​

·  Explain the role of information technology in enhancing the effectiveness of Management Control Systems.

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