True, To generate and publish performance measurements, a well-designed management control system rejects non-financial goals in favor of financial ones.
A management control system (MCS) is a system that collects and analyzes data to assess the effectiveness of various organizational resources, such as people, property, and money, as well as the organization as a whole, in light of the organizational strategies being used.
A management control system (MCS) is a strategy used by firms to assess how well they accomplish objectives relating to production, profitability, or efficiency. The control system functions best when performance is connected to the organization's objectives. A budget or other plan serves as the foundation for the data used in a management control system. Actual results are compared to the plan, and any discrepancies are communicated to responsibility centers across the entire organization.
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