1. What are the characteristics of a project organization? Explain how these characteristics affect the control system design of a project.
2. Explain the concept of Responsibility Accounting and describe its benefits.
3. What do you understand by transfer pricing? Explain the criteria used for establishing transfer price.
4. What is performance measurement? List the various types of metrics used for performance measurement and identify the purpose for which they are being used.
5. Explain in detail the risks faced by the banks and how management control system can contain these risks.