Fundamentals of MCS
8 important questions on Fundamentals of MCS
Principal-agent relation ships
Element that need to be balanced for a good working MCS:
- Delegated decision authority
- Performance evaluation and measurement systems
- Compensation and reward system
Types of responsibility centers:
- Cost centers (kosten)
- Revenue centers (inkomsten)
- Profit centers (winst)
- Investment centers (investering)
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Discretionary cost center
Comparing a manufacturing with a consulting...
Dual rate method
Performance measurement system
Pressures that can lead to unethical behavior:
- Unrealistic budget pressure results
- Financial pressure resulting from bonus plans that depend on short-term economic performance.
The question on the page originate from the summary of the following study material:
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