Definition of management control system

Answer 1

Management controls, in the broadest sense, include the plan of organization, methods and procedures adopted by management to ensure that its goals are met. Management controls include processes for planning, organizing, directing, and controlling program operations. A subset of management controls are the internal controls used to assure that there is prevention or timely detection of unauthorized acquisition, use, or disposition of the entity's assets.

Simons (1994) defined MCS as "the formal, information-based routines and procedures managers use to maintain or alter patterns in organizational activities".