Synopsis This is a book useful for both M.Com. and M.B.A. students of various universities. It is prepared to cover a five unit syllabus consisting of introduction, management control structure, key variables as control indicators, management control process, and management control in MNCs. It discusses at length almost all aspects of Management Control systems. To cover the syllabus given, 24 essay type questions are answered in detail. Further, responsibility accounting and performance budgeting are answered in short-question. Students after going through the answers, shall be in a position to answer many short questions which are part of the bigger ones. A couple of readers will help the students conversent with the subject.