| After reading this chapter, you should be able to: |
| LO 12-1 | Explain the role of a management control system. |
| LO 12-2 | Identify the advantages and disadvantages of decentralization. |
| LO 12-3 | Describe and explain the basic framework for management control systems. |
| LO 12-4 | Explain the relation between organization structure and responsibility centers. |
| LO 12-5 | Understand how managers evaluate performance. |
| LO 12-6 | Analyze the effect of dual- versus single-rate allocation systems. |
| LO 12-7 | Understand the potential link between incentives and illegal or unethical behavior. |
| LO 12-8 | Understand how internal controls can help protect assets. |
