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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:

Equation

A mathematical statement that asserts the equality of two expressions.

Equation

A formula expressing one mathematical quantity in terms of others, indicating equality under certain conditions.

Equation

An equation is a mathematical statement that asserts the equality of two expressions, typically containing one or more variables.

Center

In geometry, the central point of a circle or sphere, equidistant from all points on the perimeter or surface; in other contexts, it refers to a focal point or main area of activity.

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