Exam 17: Introduction to Controlling

When data are analyzed and processed, they become ________.

In feedback control, the control takes place after the activity is done.

Clinical psychologists argue that employee theft ________.

Which of the following ratios measures how efficiently and effectively a firm is using its assets to generate profits?

Financial Ratios (Scenario) Jana was in a big hurry. She had just been given the assignment of reporting on the financial health of her company to the new divisional vice president. Dania, the new vice president, had asked Jana to work up several calculations to help her gain an understanding of the company's financial shape. Jana was working hard and had a big order to fill, one that could make or break her reputation with Dania. She quickly pulled out her old financial management textbook and turned to the chapter on financial ratios to help her answer the questions that were asked. -Finally, as the hour dragged to midnight, Jana finished calculating the ________ ratio, because Dania wanted to know how efficiently and effectively management is using its assets to generate profits.

Control that takes place while an activity is in progress is known as which of the following?

External controls have been enacted to address some of the problems that have occurred because of "managed" earnings.

Managers need ________ to monitor organizational performance and to control organizational activities.

During the training session, Yehia is overwhelmed by the quantity of raw, unanalyzed facts that are being presented to him. These numbers and names can also be termed ________.

In taking managerial actions, managers must correct actual performance, as it is the only choice.