What is a management control system?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 1Q: What is a management control system? What are its components and how does the system help the...
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What is a management control system?

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Step 1

Management control system:

The management control system is a system made to collect information
and use that information for the evaluation of the performance of
different parts of the organizational resources.
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