What is management control, and why is it important? Support your arguments by making some examples. What are action controls? Please make some examples, and explain how they differ from other types of control. What are financial responsibility centres, and how can they be organized? Please make some examples. Which are the features of a budget system, and how can a budget be built? What kind of incentives can you name, and what are their pros and cons? Please make some examples. What are intangible assets? Why are they important? Support your arguments by making some examples. How does a Balance Scorecard work? What do we mean when we refer to \"diverse settings\"? Please make some examples, by underlining what changes when it comes to MCSs. What is the role of controllers and auditors? Please make some examples