management control (Meaning)
Wordnet
management control (n)
an internal control performed by one or more managers
Synonyms & Antonyms of management control
No Synonyms and anytonyms found
management control Sentence Examples
- Effective management control is crucial for ensuring the efficient and profitable operation of an organization.
- Management control systems provide mechanisms for monitoring, evaluating, and regulating activities to achieve desired outcomes.
- The design of management control systems should align with the organization's strategic goals and objectives.
- Management control encompasses processes for planning, budgeting, performance measurement, and accountability.
- Strong management control contributes to enhanced profitability, improved efficiency, and reduced risk.
- Internal controls are an integral part of management control, ensuring the accuracy and reliability of financial data.
- Performance management systems link employee goals to organizational objectives, facilitating management control.
- Management control systems should be regularly reviewed and updated to ensure their effectiveness.
- Weak management control can lead to financial mismanagement, operational inefficiencies, and reputational damage.
- External auditors play a role in assessing the effectiveness of management control systems and providing assurance to stakeholders.
FAQs About the word management control
an internal control performed by one or more managers
No synonyms found.
No antonyms found.
Effective management control is crucial for ensuring the efficient and profitable operation of an organization.
Management control systems provide mechanisms for monitoring, evaluating, and regulating activities to achieve desired outcomes.
The design of management control systems should align with the organization's strategic goals and objectives.
Management control encompasses processes for planning, budgeting, performance measurement, and accountability.
