Question 1

The second step in the control process is to set the performance objectives and standards.

Accepted Answer

A) True 
 B)False

Question 2

Rex's doughnuts can produce only 100 doughnuts a day. The variable cost incurred per unit is $2 and fixed costs incurred per day is $500. At what price should a doughnut be sold to break even?

Accepted Answer

A)  $10 
B)  $5 
C)  $7 
D)  $4 
E)  $8 
A)  $10 
B)  $5 
C)  $7 
D)  $4 
E)  $8

Question 3

_____ control is also known as steering control.

Accepted Answer

A)  Feedback 
B)  Post-action 
C)  Concurrent 
D)  Feedforward 
E)  Preliminary 
A)  Feedback 
B)  Post-action 
C)  Concurrent 
D)  Feedforward 
E)  Preliminary

Question 4

A bag manufacturing company proposed a selling price of $80 per bag for their new range of bags. Fixed costs are $10,000 and variable costs are $40 per bag. At this point their break even point was 250 units. What will be the breakeven point if the variable costs can be brought down to $30?

Accepted Answer

A)  150 units 
B)  350 units 
C)  300 units 
D)  200 units 
E)  100 units 
A)  150 units 
B)  350 units 
C)  300 units 
D)  200 units 
E)  100 units

Question 5

The Pareto Principle states that ___ of consequences come from ___ of causes.

Accepted Answer

A)  20; 80 
B)  30; 70 
C)  50; 50 
D)  70; 30 
E)  80; 20 
A)  20; 80 
B)  30; 70 
C)  50; 50 
D)  70; 30 
E)  80; 20

Question 6

Explain briefly the two broad options managers have with respect to control system.

Accepted Answer

Managers have two broad options with res

Question 7

Clan control influences:

Accepted Answer

A)  behavior of organizations and the members through market competition. 
B)  managers to give workers freedom to work on their own. 
C)  hierarchy of authority. 
D)  budgets for personnel, equipment, and travel expenses. 
E)  employees and members to display common behavior patterns. 
A)  behavior of organizations and the members through market competition. 
B)  managers to give workers freedom to work on their own. 
C)  hierarchy of authority. 
D)  budgets for personnel, equipment, and travel expenses. 
E)  employees and members to display common behavior patterns.

Question 8

The clan control influences employees and members to display common behavior patterns.

Accepted Answer

A) True 
 B)False

Question 9

An after-action review is a(n) ____ assessment of lessons learned and results accomplished in a completed project.

Accepted Answer

The answer of An after-action review is a(n) ____ assessment...

Question 10

Feedback control takes place to:

Accepted Answer

A)  ensure the results meet pre-determined expectations. 
B)  solve problems as they occur. 
C)  focus on activities before they begin. 
D)  ensure the implementation of a proactive approach to problem solving. 
E)  ensure direct supervision during the work process. 
A)  ensure the results meet pre-determined expectations. 
B)  solve problems as they occur. 
C)  focus on activities before they begin. 
D)  ensure the implementation of a proactive approach to problem solving. 
E)  ensure direct supervision during the work process.

Question 11

The ____ order quantity method places new orders when inventory levels fall to predetermined points.

Accepted Answer

The answer of The ____ order quantity method places new...

Question 12

The management function, which sees to it that the right things happen, in the right way, and at the right time, is known as _____.

Accepted Answer

A)  controlling 
B)  organizing 
C)  planning 
D)  leading 
E)  staffing 
A)  controlling 
B)  organizing 
C)  planning 
D)  leading 
E)  staffing

Question 13

The critical path is the pathway from project start to conclusion that involves activities with the longest completion times.

Accepted Answer

A) True 
 B)False

Question 14

Quality of production and error rates are output standards used by businesses.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following best describes bureaucratic control?

Accepted Answer

A)  It refers to the controls that influence behavior through norms and expectations set by the organizational culture. 
B)  It refers to the influence of market competition on the behavior of organizations and their members. 
C)  It involves the use of authority, policies, procedures, job descriptions, budgets, and day-to-day supervision to make sure that people act in harmony with organizational interests. 
D)  It refers to the control that is implemented when capable people have a clear sense of the organizational mission, know their goals, and have the resources necessary to do their jobs well. 
E)  It refers to the existence of participative organizational cultures in which everyone treats each other with respect and consideration. 
A)  It refers to the controls that influence behavior through norms and expectations set by the organizational culture. 
B)  It refers to the influence of market competition on the behavior of organizations and their members. 
C)  It involves the use of authority, policies, procedures, job descriptions, budgets, and day-to-day supervision to make sure that people act in harmony with organizational interests. 
D)  It refers to the control that is implemented when capable people have a clear sense of the organizational mission, know their goals, and have the resources necessary to do their jobs well. 
E)  It refers to the existence of participative organizational cultures in which everyone treats each other with respect and consideration.

Question 16

Antonio has been working very hard since the establishment of his retail business. He is not far from the time when his revenues will match his expenses. Which of the following would best represent the time described?

Accepted Answer

A)  Just-in-time scheduling 
B)  Base period 
C)  Monetary overhang 
D)  Breakeven point 
E)  Buydown 
A)  Just-in-time scheduling 
B)  Base period 
C)  Monetary overhang 
D)  Breakeven point 
E)  Buydown

Question 17

The function of steering control is to _____.

Accepted Answer

A)  focus on the quality of end results rather than throughputs 
B)  focus on activities before they begin 
C)  ensure a proactive and forward-thinking approach to problem solving 
D)  solve problems as they occur 
E)  correct mistakes already made 
A)  focus on the quality of end results rather than throughputs 
B)  focus on activities before they begin 
C)  ensure a proactive and forward-thinking approach to problem solving 
D)  solve problems as they occur 
E)  correct mistakes already made

Question 18

_____ are one-time activities with many component tasks that must be completed in proper order and according to budget.

Accepted Answer

A)  Balanced scorecards 
B)  After-action reviews 
C)  Market controls 
D)  Output standards 
E)  Projects 
A)  Balanced scorecards 
B)  After-action reviews 
C)  Market controls 
D)  Output standards 
E)  Projects

Question 19

The Pareto Principle states that 80% of the real impact comes from 20% of the work accomplished.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is true of critical path?

Accepted Answer

A)  It is essential to perform what-if calculations under different projected cost and revenue conditions. 
B)  It acts as the foundation for analysis using financial controls by using the firm's balance sheet and income statement. 
C)  It automatically orders a fixed number of items every time an inventory level falls to a predetermined point. 
D)  It represents the quickest time in which the entire project can be finished, assuming everything goes according to schedule and plans. 
E)  It gives top managers, a fast, but comprehensive view of the business. 
A)  It is essential to perform what-if calculations under different projected cost and revenue conditions. 
B)  It acts as the foundation for analysis using financial controls by using the firm's balance sheet and income statement. 
C)  It automatically orders a fixed number of items every time an inventory level falls to a predetermined point. 
D)  It represents the quickest time in which the entire project can be finished, assuming everything goes according to schedule and plans. 
E)  It gives top managers, a fast, but comprehensive view of the business.

The second step in the control process is to set the performance objectives and standards.

Rex's doughnuts can produce only 100 doughnuts a day. The variable cost incurred per unit is $2 and fixed costs incurred per day is $500. At what price should a doughnut be sold to break even?

_____ control is also known as steering control.

A bag manufacturing company proposed a selling price of $80 per bag for their new range of bags. Fixed costs are $10,000 and variable costs are $40 per bag. At this point their break even point was 250 units. What will be the breakeven point if the variable costs can be brought down to $30?

The Pareto Principle states that _ of consequences come from _ of causes.

Explain briefly the two broad options managers have with respect to control system.

Clan control influences:

The clan control influences employees and members to display common behavior patterns.

An after-action review is a(n) ____ assessment of lessons learned and results accomplished in a completed project.

Feedback control takes place to:

The ____ order quantity method places new orders when inventory levels fall to predetermined points.

The management function, which sees to it that the right things happen, in the right way, and at the right time, is known as _____.

The critical path is the pathway from project start to conclusion that involves activities with the longest completion times.

Quality of production and error rates are output standards used by businesses.

Which of the following best describes bureaucratic control?

Antonio has been working very hard since the establishment of his retail business. He is not far from the time when his revenues will match his expenses. Which of the following would best represent the time described?

The function of steering control is to _____.

_____ are one-time activities with many component tasks that must be completed in proper order and according to budget.

The Pareto Principle states that 80% of the real impact comes from 20% of the work accomplished.

Which of the following is true of critical path?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 9: Control Processes and Systems

The second step in the control process is to set the performance objectives and standards.

Rex's doughnuts can produce only 100 doughnuts a day. The variable cost incurred per unit is $2 and fixed costs incurred per day is $500. At what price should a doughnut be sold to break even?

_____ control is also known as steering control.

A bag manufacturing company proposed a selling price of $80 per bag for their new range of bags. Fixed costs are $10,000 and variable costs are $40 per bag. At this point their break even point was 250 units. What will be the breakeven point if the variable costs can be brought down to $30?

The Pareto Principle states that ___ of consequences come from ___ of causes.

Explain briefly the two broad options managers have with respect to control system.

Clan control influences:

The clan control influences employees and members to display common behavior patterns.

An after-action review is a(n) ____ assessment of lessons learned and results accomplished in a completed project.

Feedback control takes place to:

The ____ order quantity method places new orders when inventory levels fall to predetermined points.

The management function, which sees to it that the right things happen, in the right way, and at the right time, is known as _____.

The critical path is the pathway from project start to conclusion that involves activities with the longest completion times.

Quality of production and error rates are output standards used by businesses.

Which of the following best describes bureaucratic control?

Antonio has been working very hard since the establishment of his retail business. He is not far from the time when his revenues will match his expenses. Which of the following would best represent the time described?

The function of steering control is to _____.

_____ are one-time activities with many component tasks that must be completed in proper order and according to budget.

The Pareto Principle states that 80% of the real impact comes from 20% of the work accomplished.

Which of the following is true of critical path?

Management, Managers, and Careers

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Technology, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Data and Decision Making

Planning Processes and Techniques

Strategy and Strategic Management

Organization Structures

Organizational Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

The Pareto Principle states that _ of consequences come from _ of causes.