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Consider the importance of the management control system, compensation and the success measurements we covered in the course. Design a compensation schedule for the manufacturing
Consider the importance of the management control system, compensation and the success measurements we covered in the course. Design a compensation schedule for the manufacturing division manager of a midsize manufacturing company. (The firm is decentralized.) Balance the needs of all of the stakeholders. Indicate any controls you have added such that your incentives will not lead to illegal or unethical behavior. Make sure you address the following:
- Individual Performance Measure (5 points)
- Plant/Companywide Performance Measures (5 points)
- Cost Allocation and Transfer Price Issues (5 points)
- Stakeholders (5 points)
- Budget Pressures (5 points)
- Controls/Balanced Score Card (5 points)
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Individual Performance Measure Here are a few ways to measure and evaluate employee performance data Graphic rating scales A typical graphic scale uses sequential numbers such as 1 to 5 or 1 to 10 to ...Get Instant Access to Expert-Tailored Solutions
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