What are the different types of control mechanisms

Reference no: EM1340650

Question about Financial Control
"Control is the process of ensuring that a firm's activities conform to its plans and that its objectives are achieved." There can be no controls without objectives and plans.

Please include the following issues and practical examples wherever possible.

1. Define a control system as one that is capable of measurement and capable of providing information for management.

2. What are the different types of control mechanisms?

Reference no: EM1340650

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