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"Management Control Systems Consist of Formal and Informal Control Systems

question 137

Essay

"Management control systems consist of formal and informal control systems." Briefly explain the formal and informal management systems and enlist their components.


Definitions:

Actual Performance

The real, observed outcomes or results achieved by an individual, team, or organization, often compared against planned or expected performance.

Control

The process of directing, monitoring, and adjusting resources and operations to achieve certain objectives.

Actual Performance

The real, observed results achieved by an organization or individual, contrasted with planned or expected performance.

Expand Activities

The process of increasing the scope, reach, or scale of a company's operations or projects.

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