What are the major components of a management control system?

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Part 1

A.

The major components include, (1) setting goals and targets, (2) developing and executing the plan, (3) measuring, monitoring, and reporting results of actions, and (4) evaluating and rewarding performance.

B.

The major components include, (1) setting goals and targets, (2) external financial reporting to owners, (3) measuring, monitoring, and reporting results of actions, and (4) requiring monthly progress reports of employees.

C.

The major components include, (1) setting goals and targets, (2) external financial reporting to owners, (3) measuring, monitoring, and reporting results of actions, and (4) evaluating and rewarding performance.

D.

The major components include, (1) setting goals and targets, (2) external financial reporting to owners, (3) requiring yearly employee training, and (4) requiring monthly progress reports of employees.