Question: What is a management control system? What are its components and how does the system help the business? Discuss the difference between centralized and decentralized

What is a management control system? What are its components and how does the system help the business? Discuss the difference between centralized and decentralized organizations. Does the size of the organization influence whether the organization has a centralized or decentralized structure? Explain. Discuss the difference between daily and strategic decisions. Think of a business and provide an example of a daily and strategic decision. Discuss the concept of transfer pricing. Discuss the advantages and disadvantages of a market-based transfer pricing approach

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