Home : Terms : Article : Calculators Advertising : Contact us
Home > Terms > Accounting > Management Control System

Term: Accounting -> Management Control System
Term:

Management Control System

Definition:

Management Control System is essentially a strategic tool for holding managers accountable and responsible for their performance. Existence of such a system also provides feedback for managers to know how they perform, in which direction the organization is heading, and what type of course correction may be required to stay on course.

Related terms:

Audit committee

Debt to quity

Useful articles:
»How to Outsell a Competitor Who Slashes Their Price to Win
»Does Moving Up Makes Dollars And Sense?
»Push vs Pull Advertising
»Sales Cycles


Borrowing power
Phone Bill
Cost Spreading


Browse by categories
Accounting
Advertising
Banking
Bankruptcy
E-Commerce
Economics
Finance
Law
Investment
Insurance
Marketing
Real estate
Statistic
Trade
Purchasing


ABCDEFGHIJKLMNOPQRSTUVWXYZ

Featured Articles:
Business & Financial
You dream of a quiet place in your home to escape from the hustle and bustle of family life. The kids are fighting over bedroom space. Even the dog wants more room! So one Saturday you load everyon... [ more... ]
Motivation
More than ever before, we need to get… and figure out how to stay…fired up!

There’s so much change going on, it can be a challenge to keep up with it all. But take... [ more... ]

E-commerce
What is an E-marketplace anyway?

E-marketplace is a business to business web based venue, where buyers and sellers meet online, generate business leads and conduct business transaction... [ more... ]

  Disclaimer | Privacy | Terms of useCopyright © 2004-2005 E-terms.com