Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 22 - Management Control Systems, Transfer Pricing, and Multinational Considerations - Assignment Material - Questions - Page 865: 22-1

Answer

A management control system is a structured framework for collecting and utilizing information to facilitate and coordinate planning, control decisions, and guide the actions of managers and employees within an organization. The primary objective of this system is to enhance the quality of decision-making at all levels of the organization, ultimately leading to improved overall performance and outcomes.

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