Question 1

Which of the following statements is true of market control?

Accepted Answer

A)   It does not assume that the interests of the organization and individuals naturally diverge.
B)   It is based on the idea that employees may share the values, expectations, and goals of the organization and act in accordance with them.
C)   It includes such items as budgets, statistical reports, and performance appraisals.
D)   It is most effective where tangible output can be identified.
E)   It works best where tasks are certain and workers are independent.F) B) and D)
G) None of the above

Question 2

Assessing the planning, organizing, leading, and controlling efforts of one's own organization is the essential function of

Accepted Answer

A)   strategic audit.
B)   feedforward control.
C)   feedback control.
D)   external audit.
E)   internal audit.F) A) and E)
G) C) and D)

Question 3

_________ behavior occurs when employees feel forced to attempt to "beat the system."

Accepted Answer

A)   Rigidly bureaucratic
B)   Tactical
C)   Resisting
D)   Defensive
E)   MyopicF) All of the above
G) A) and D)

Question 4

_____ show the relative amount of funds in the business supplied by creditors and shareholders.

Accepted Answer

A)   Liquidity ratios
B)   Current ratios
C)   Net working capital ratios
D)   Leverage ratios
E)   Profitability ratiosF) C) and D)
G) A) and B)

Question 5

A _____ refers to a control system combining four sets of performance measures: financial, customer, business process, and learning and growth.

Accepted Answer

A)   balanced scorecard
B)   concurrent control
C)   management audit
D)   feedforward control
E)   standardF) B) and C)
G) B) and D)

Question 6

As Frank manages the physical units for the company, he knows that he will also need to keep an eye on the _____ as his budget will also impact it.

Accepted Answer

A)   master budget
B)   sales budget
C)   capital budget
D)   cost budget
E)   maintenance budgetF) A) and B)
G) All of the above

Question 7

Which of the following is the first step in a typical control system?

Accepted Answer

A)   setting performance standards
B)   comparing performance against the standards
C)   taking action to correct problems
D)   revising standards
E)   measuring performanceF) A) and E)
G) C) and E)

Question 8

Write a note on the two basic types of controls that are feasible in a computer-controlled production technology.

Accepted Answer

In computer-controll...

Question 9

Describe the three sources from which performance data is commonly obtained.

Accepted Answer

Performance data com...

Question 10

Describe what is meant by budgetary controls and how they affect the budget.

Accepted Answer

Budgetary control is one of the most wid...

Question 11

Empowering employees to make decisions implies giving up control.

Accepted Answer

A) True 
 B)False

Question 12

_____ lays)  out a framework for the future, and, in this sense, provide a blueprint for control.

Accepted Answer

A)   Planning
B)   Control systems
C)   Creativity
D)   Enhancing quality
E)   Communication strategiesF) B) and E)
G) A) and C)

Question 13

Which of the following is a definition of control?

Accepted Answer

A)   It refers to the expected performance for a given goal.
B)   It is any process that directs the activities of individuals toward the achievement of organizational goals.
C)   It is people's perceived likelihood that their efforts will enable them to attain their performance goals.
D)   It is the process of giving people additional tasks at the same time to alleviate boredom.
E)   It is the process of applying a consequence that increases the likelihood of a person repeating the behavior that led to it.F) A) and D)
G) A) and E)

Question 14

Control systems may cause people to

Accepted Answer

A)   compete.
B)   cooperate.
C)   resist change.
D)   feel threatened.
E)   feel comfortable.F) B) and E)
G) A) and E)

Question 15

Budgetary control is the process of finding out what's being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is a use of external audits?

Accepted Answer

A)   evaluating financial stability
B)   evaluating production efficiency
C)   evaluating sales effectiveness
D)   identifying possible mergers or acquisitions
E)   identifying earnings potentialF) A) and D)
G) B) and E)

Question 17

An)  _______ is a report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equity.

Accepted Answer

A)   profit and loss statement
B)   balance sheet
C)   expense report
D)   income statement
E)   budget reportF) C) and D)
G) B) and E)

Question 18

Which approach to bureaucratic control is described by the first option?

Accepted Answer

A)   feedback
B)   feedforward
C)   concurrent
D)   market
E)   clanF) A) and E)
G) All of the above

Question 19

Because Jon is the manager for the physical plants in three states, he would also need to see the _______ budget.

Accepted Answer

A)   sales
B)   production
C)   capital
D)   master
E)   operationalF) C) and E)
G) B) and D)

Question 20

Frank is managing the physical units for the company. He will rely on the

Accepted Answer

A)   cash budget.
B)   cost budget.
C)   production budget.
D)   master budget.
E)   maintenance budget.F) B) and C)
G) A) and E)

Exam 14: Managerial Control

Frank is managing the physical units for the company. He will rely on the

Correct AnswerverifiedShow Answer

Which of the following is a definition of control?

Correct AnswerverifiedShow Answer

As Frank manages the physical units for the company, he knows that he will also need to keep an eye on the _____ as his budget will also impact it.

Correct AnswerverifiedShow Answer

An) _______ is a report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equity.

Correct AnswerverifiedShow Answer

Which of the following is a use of external audits?

Correct AnswerverifiedShow Answer

Because Jon is the manager for the physical plants in three states, he would also need to see the _______ budget.

Correct AnswerverifiedShow Answer

Which of the following statements is true of market control?

Correct AnswerverifiedShow Answer

Control systems may cause people to

Correct AnswerverifiedShow Answer

Budgetary control is the process of finding out what's being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences.

Correct AnswerverifiedShow Answer

_____ lays) out a framework for the future, and, in this sense, provide a blueprint for control.

Correct AnswerverifiedShow Answer

_________ behavior occurs when employees feel forced to attempt to "beat the system."

Correct AnswerverifiedShow Answer

Empowering employees to make decisions implies giving up control.

Correct AnswerverifiedShow Answer

Describe the three sources from which performance data is commonly obtained.

Correct AnswerverifiedPerformance data com...View AnswerShow Answer

Write a note on the two basic types of controls that are feasible in a computer-controlled production technology.

Correct AnswerverifiedIn computer-controll...View AnswerShow Answer

Which approach to bureaucratic control is described by the first option?

Correct AnswerverifiedShow Answer

Assessing the planning, organizing, leading, and controlling efforts of one's own organization is the essential function of

Correct AnswerverifiedShow Answer

A _____ refers to a control system combining four sets of performance measures: financial, customer, business process, and learning and growth.

Correct AnswerverifiedShow Answer

_____ show the relative amount of funds in the business supplied by creditors and shareholders.

Correct AnswerverifiedShow Answer

Which of the following is the first step in a typical control system?

Correct AnswerverifiedShow Answer

Describe what is meant by budgetary controls and how they affect the budget.

Correct AnswerverifiedBudgetary control is one of the most wid...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Performance data com...
View Answer

Correct Answer
verified
In computer-controll...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Budgetary control is one of the most wid...
View Answer