Exam 14: Fundamentals of Controlling

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Cost and revenue data are usually reported to the supervisor by his or her subordinate employees in the department.

(True/False)
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In order for an organization to thrive, all of the following is necessary EXCEPT:

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Which of the following type of control mechanism is useful for controlling a problem prior to its happening?

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Employees always view controls positively because they know it will enhance the planning process.

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Which type of control involves keeping watch over raw materials, supplies, work-in-process, and finished goods?

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Production control involves routing operations, scheduling, and expediting work flow.

(True/False)
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Intangible standards are targets for results that have physical form.

(True/False)
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A firm should never be willing to share financial information with employees.

(True/False)
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The closeness of supervisory follow-up is based on all of the following factors EXCEPT:

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Feedback controls are the most widely used category of controls at the supervisory level.

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Which of the following is an example of a concurrent control system?

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Feedback control provides valuable information for:

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Oral and written reports are necessary when:

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When a supervisor discovers a deviation from the standard, he/she should next find out who is at fault.

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Since controls are inflexible, supervisors and employees need to be able to adapt as needed.

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Cost consciousness should primarily:

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Supervisors should be careful to choose strategic control points that do NOT significantly:

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Large organizations employ consultants trained in work efficiency and cost control so that supervisors don't have be cost conscious.

(True/False)
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Time studies are supposed to be:

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Which of the following is NOT a requirement for an effective control system?

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