The Balance Scorecard is deemed to be a good management control tool when used effectively with a well thought out transfer pricing system. They both may optimize operating income which is a good summary measure of short-term financial performance. Discuss. (50 marks)

RUBRIC

Describe management control systems 10 marks

Explain the concept of transfer pricing 15 marks

Define the term Balanced Scorecard 5 marks

Explain the four aspects of the Balanced Scorecard 15 marks