Soft Copy: Yes
Downloadable File: Yes
University: IGNOU
Course: Master of Business Administration
Q&A of Mba MS-43 Solved Assignment 2023 - Management Control Systems
Q. Explain the important attributes of Management Control Systems and discuss the importance of behavioral dimensions in designing management control systems.
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Q. What is a Responsibility Centre and why are responsibility centres established? Briefly explain each type of responsibility centre.
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Q. What is a Performance Measurement system? Explain the various metrics used for performance measurement.
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Q. What are the objectives of reward and compensation plans? Discuss in detail the various types of short term and long term incentive plans.
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Q. Explain the risk characteristics of a bank and discuss the role of management control system in containing these risks.
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Product Details: MS-43 Solved Assignment 2023 - Management Control Systems
Course: Ignou MBA (Master of Business Administration)
Session: Jan - June 2023 July - Dec
Old Sample Answers of Mba Ignou MS-43 Assignments
Q. What is Total Quality Management?
Answer. Quality is a difficult term to define because it means different things to different people. A narrow viewpoint, typically used by traditional manufacturers, is to define quality as meeting specified target quality standards....... This would mean producing a product within specified tolerances set by engineers and not exceeding the specified acceptable defect rate. However, today's definition of quality takes a much broader view: quality is defined as meeting or exceeding customer expectations...........
Total quality management represents an organizational commitment toward processes and products at the highest level of quality........ Quality has both internal and external components, from the capacity to produce products efficiently with well-designed processes, to products which meet or exceed customer needs........ Costs of quality include appraisal costs, prevention costs, internal failure costs, and external failure costs (the former two are an attempt to avoid/mitigate the latter two). Get Ignou Mba Solved MS-43 Assignment 2023 Jan - June..........
Total Quality Management (TQM) is a tool for change that uses small incremental changes. Personnel often react favorably to TQM as they offer bigger empowerment to an individual. TQM offers greater personnel control and ownership. This leads the employees to take change is viewed as less of a threat. Many companies implementing Six-Sigma has taken a TQM approach........
An important aspect of quality management in JIT is preventive maintenance. Not only do machines rarely break down at convenient times but breakdowns are costly in terms of lost production, unmet deadlines, disruption of work schedules, and unhappy customers-all considered wastes in JIT......... To avoid unexpected machine stoppages, a company invests in preventive maintenance, which is regular inspections and maintenance designed to keep machines operational. Although preventive maintenance is costly, the costs are significantly smaller than the cost of an unexpected machine breakdown.........
