Question 1

What amount of the typical CEO pay package in 2015 was in cash?

Accepted Answer

A)  10% 
B)  20% 
C)  33% 
D)  50% 
E)  75% 
A)  10% 
B)  20% 
C)  33% 
D)  50% 
E)  75%

Question 2

Operating cash flow is also known as free cash flow.

Accepted Answer

A) True 
 B)False

Question 3

An electronic tagging technology used in a number of companies to improve supply-chain efficiency with contactless communication between devices is

Accepted Answer

A)  RFID. 
B)  ERP. 
C)  MBO. 
D)  TQM. 
E)  ROE. 
A)  RFID. 
B)  ERP. 
C)  MBO. 
D)  TQM. 
E)  ROE.

Question 4

The long-term evaluation method encourages executives to look at developmental expenses as being different from expenses required for current operations.

Accepted Answer

A) True 
 B)False

Question 5

Which method of matching rewards to the accomplishment of strategic objectives encourages executives to look at developmental expenses as being different from those expenses required for current operations?

Accepted Answer

A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method 
A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method

Question 6

An odd twist to benchmarking in the arena of international trade is

Accepted Answer

A)  counterfeiting/piracy. 
B)  repatriation of profits. 
C)  freakonomics. 
D)  RFID. 
E)  transfer pricing. 
A)  counterfeiting/piracy. 
B)  repatriation of profits. 
C)  freakonomics. 
D)  RFID. 
E)  transfer pricing.

Question 7

The worldwide cost of software piracy in 2016 was estimated to be approximately

Accepted Answer

A)  $3 million. 
B)  $30 million. 
C)  $3 billion. 
D)  63 billion. 
E)  over $100 billion. 
A)  $3 million. 
B)  $30 million. 
C)  $3 billion. 
D)  63 billion. 
E)  over $100 billion.

Question 8

Which type of control specifies what is to be accomplished by focusing on the end result of behaviors through the use of objectives and performance targets or milestones?

Accepted Answer

A)  tactical control 
B)  strategic control 
C)  output control 
D)  functional control 
E)  behavior control 
A)  tactical control 
B)  strategic control 
C)  output control 
D)  functional control 
E)  behavior control

Question 9

What is the difference between EVA and MVA?

Accepted Answer

Economic value added (EVA) has become an

Question 10

Benchmarking involves openly learning how others do something better than one's own company so that one not only can imitate, but perhaps even improve on their current techniques.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is not considered an adequate measure by itself of corporate performance?

Accepted Answer

A)  ROI 
B)  EPS 
C)  ROE 
D)  operating cash flow 
E)  all of the above 
A)  ROI 
B)  EPS 
C)  ROE 
D)  operating cash flow 
E)  all of the above

Question 12

Benchmarking has been found to produce the best results in companies that are already well managed.

Accepted Answer

A) True 
 B)False

Question 13

ROI is

Accepted Answer

A)  Repatriation of investments. 
B)  Return on interest. 
C)  Repatriation of interest. 
D)  Return on investment. 
E)  Return of internationals. 
A)  Repatriation of investments. 
B)  Return on interest. 
C)  Repatriation of interest. 
D)  Return on investment. 
E)  Return of internationals.

Question 14

The inventory turnover ratio is an example of a(n)

Accepted Answer

A)  steering control. 
B)  activity control. 
C)  behavior control. 
D)  output control. 
E)  influencing control. 
A)  steering control. 
B)  activity control. 
C)  behavior control. 
D)  output control. 
E)  influencing control.

Question 15

The revenue center is measured in terms of efficiency.

Accepted Answer

A) True 
 B)False

Question 16

Which method of matching executive rewards to the accomplishment of strategic objectives is particularly appropriate for measuring and rewarding the performance of top SBU managers and group-level executives when performance factors and their importance vary from one SBU to another?

Accepted Answer

A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method 
A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method

Question 17

List the five-step feedback model of the evaluation and control process.

Accepted Answer

The five-step feedback model is composed

Question 18

Activity-based costing (ABC) is an accounting method for allocating indirect and fixed costs to individual products or product lines based on the value-added activities going into that product.

Accepted Answer

A) True 
 B)False

Question 19

The U.S. Navy quip, "What you inspect (or reward) is what you get" reflects

Accepted Answer

A)  behavior substitution. 
B)  suboptimization. 
C)  output control. 
D)  ERP. 
E)  none of the above 
A)  behavior substitution. 
B)  suboptimization. 
C)  output control. 
D)  ERP. 
E)  none of the above

Question 20

Which one of the following is not a part of the evaluation and control of performance?

Accepted Answer

A)  Establish corporate strategies. 
B)  Determine what to measure. 
C)  Establish standards for performance. 
D)  Measure actual performance. 
E)  Take corrective actions. 
A)  Establish corporate strategies. 
B)  Determine what to measure. 
C)  Establish standards for performance. 
D)  Measure actual performance. 
E)  Take corrective actions.

What amount of the typical CEO pay package in 2015 was in cash?

Operating cash flow is also known as free cash flow.

An electronic tagging technology used in a number of companies to improve supply-chain efficiency with contactless communication between devices is

The long-term evaluation method encourages executives to look at developmental expenses as being different from expenses required for current operations.

Which method of matching rewards to the accomplishment of strategic objectives encourages executives to look at developmental expenses as being different from those expenses required for current operations?

An odd twist to benchmarking in the arena of international trade is

The worldwide cost of software piracy in 2016 was estimated to be approximately

Which type of control specifies what is to be accomplished by focusing on the end result of behaviors through the use of objectives and performance targets or milestones?

What is the difference between EVA and MVA?

Benchmarking involves openly learning how others do something better than one's own company so that one not only can imitate, but perhaps even improve on their current techniques.

Which of the following is not considered an adequate measure by itself of corporate performance?

Benchmarking has been found to produce the best results in companies that are already well managed.

ROI is

The inventory turnover ratio is an example of a(n)

The revenue center is measured in terms of efficiency.

Which method of matching executive rewards to the accomplishment of strategic objectives is particularly appropriate for measuring and rewarding the performance of top SBU managers and group-level executives when performance factors and their importance vary from one SBU to another?

List the five-step feedback model of the evaluation and control process.

Activity-based costing (ABC) is an accounting method for allocating indirect and fixed costs to individual products or product lines based on the value-added activities going into that product.

The U.S. Navy quip, "What you inspect (or reward) is what you get" reflects

Which one of the following is not a part of the evaluation and control of performance?

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Suggestions for Case Analysis

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Exam 12: Evaluation and Control

What amount of the typical CEO pay package in 2015 was in cash?

Operating cash flow is also known as free cash flow.

An electronic tagging technology used in a number of companies to improve supply-chain efficiency with contactless communication between devices is

The long-term evaluation method encourages executives to look at developmental expenses as being different from expenses required for current operations.

Which method of matching rewards to the accomplishment of strategic objectives encourages executives to look at developmental expenses as being different from those expenses required for current operations?

An odd twist to benchmarking in the arena of international trade is

The worldwide cost of software piracy in 2016 was estimated to be approximately

Which type of control specifies what is to be accomplished by focusing on the end result of behaviors through the use of objectives and performance targets or milestones?

What is the difference between EVA and MVA?

Benchmarking involves openly learning how others do something better than one's own company so that one not only can imitate, but perhaps even improve on their current techniques.

Which of the following is not considered an adequate measure by itself of corporate performance?

Benchmarking has been found to produce the best results in companies that are already well managed.

ROI is

The inventory turnover ratio is an example of a(n)

The revenue center is measured in terms of efficiency.

Which method of matching executive rewards to the accomplishment of strategic objectives is particularly appropriate for measuring and rewarding the performance of top SBU managers and group-level executives when performance factors and their importance vary from one SBU to another?

List the five-step feedback model of the evaluation and control process.

Activity-based costing (ABC) is an accounting method for allocating indirect and fixed costs to individual products or product lines based on the value-added activities going into that product.

The U.S. Navy quip, "What you inspect (or reward) is what you get" reflects

Which one of the following is not a part of the evaluation and control of performance?

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Suggestions for Case Analysis

Filters