Question 1

Just-in-time scheduling automatically orders a fixed number of items every time an inventory level falls to a predetermined point.

Accepted Answer

A) True 
 B)False

Question 2

Liquidity differs from leverage in that liquidity is the:

Accepted Answer

A)  ability to operate at minimum cost. 
B)  ability to use resources efficiently. 
C)  ability to generate cash to pay bills. 
D)  ability to earn more in returns than the cost of debt. 
E)  ability to earn revenues greater than costs. 
A)  ability to operate at minimum cost. 
B)  ability to use resources efficiently. 
C)  ability to generate cash to pay bills. 
D)  ability to earn more in returns than the cost of debt. 
E)  ability to earn revenues greater than costs.

Question 3

Bake-It, a Spanish bread and biscuits producer, gave out a free batch of cookies to a few customers. These customers were then asked for suggestions to improve the cookies in terms of quality, taste, and variety. Which of the following types of control was implemented by Bake-It?

Accepted Answer

A)  Feedback control 
B)  Steering control 
C)  Feedforward control 
D)  Concurrent control 
E)  Preliminary control 
A)  Feedback control 
B)  Steering control 
C)  Feedforward control 
D)  Concurrent control 
E)  Preliminary control

Question 4

Which of the following increases the potential for self-control?

Accepted Answer

A)  Enforcing authority, policies, procedures, job descriptions, budgets, and day-to-day supervision to make sure that people act in harmony with organizational interests 
B)  Ensuring participative organizational cultures in which everyone treats each other with respect and consideration 
C)  Preparing budgets for personnel, equipment, travel expenses, and the like to keep behavior targeted within set limits 
D)  Influencing behavior through norms and expectations set by the organizational culture 
E)  Harnessing the power of group cohesiveness and collective identity 
A)  Enforcing authority, policies, procedures, job descriptions, budgets, and day-to-day supervision to make sure that people act in harmony with organizational interests 
B)  Ensuring participative organizational cultures in which everyone treats each other with respect and consideration 
C)  Preparing budgets for personnel, equipment, travel expenses, and the like to keep behavior targeted within set limits 
D)  Influencing behavior through norms and expectations set by the organizational culture 
E)  Harnessing the power of group cohesiveness and collective identity

Question 5

Self-control is ____ control that occurs through self-management and self-discipline in fulfilling work and personal responsibilities.

Accepted Answer

The answer of Self-control is ____ control that occurs through...

Question 6

Output standards differ from input standards in that output standards measure _____.

Accepted Answer

A)  work efforts 
B)  actual outcomes 
C)  efficiency in the use of resources 
D)  conformance with rules 
E)  work attendance 
A)  work efforts 
B)  actual outcomes 
C)  efficiency in the use of resources 
D)  conformance with rules 
E)  work attendance

Question 7

The ____ path is the longest pathway in a CPM/PERT network.

Accepted Answer

The answer of The ____ path is the longest pathway...

Question 8

What is a balanced scorecard?

Accepted Answer

A)  It shows profits or losses at a point in time, which is displayed in a Sales - Expenses = Net Income format. 
B)  It shows assets and liabilities at a point in time. 
C)  It tallies organizational performance in financial, customer service, internal process, and innovation and learning areas. 
D)  It occurs when revenues are equal to costs. 
E)  It reduces costs and improves workflow by scheduling materials to arrive at a workstation or facility just in time for use. 
A)  It shows profits or losses at a point in time, which is displayed in a Sales - Expenses = Net Income format. 
B)  It shows assets and liabilities at a point in time. 
C)  It tallies organizational performance in financial, customer service, internal process, and innovation and learning areas. 
D)  It occurs when revenues are equal to costs. 
E)  It reduces costs and improves workflow by scheduling materials to arrive at a workstation or facility just in time for use.

Question 9

A balanced ____ tallies organizational performance in financial, customer service, internal process, and innovation and learning areas.

Accepted Answer

scorecard,

Question 10

_____ is a combination of the critical path method and the program evaluation and review technique.

Accepted Answer

A)  Gantt chart 
B)  CPM/PERT 
C)  Pie chart 
D)  Bar diagram 
E)  Run chart 
A)  Gantt chart 
B)  CPM/PERT 
C)  Pie chart 
D)  Bar diagram 
E)  Run chart

Question 11

A(n) ___ standard measures work efforts that go into a performance task.

Accepted Answer

The answer of A(n) ___ standard measures work efforts that...

Question 12

Which of the following is true of a bureaucratic control system?

Accepted Answer

A)  It influences employees and members to display common behavior patterns. 
B)  It harnesses the power of group cohesiveness and collective identity. 
C)  It expects people to work on their own as they are given the freedom to do so. 
D)  It allows and encourages people to exercise self-discipline in performing their jobs. 
E)  It provides laws and regulations that govern the behavior of an organization's top executives. 
A)  It influences employees and members to display common behavior patterns. 
B)  It harnesses the power of group cohesiveness and collective identity. 
C)  It expects people to work on their own as they are given the freedom to do so. 
D)  It allows and encourages people to exercise self-discipline in performing their jobs. 
E)  It provides laws and regulations that govern the behavior of an organization's top executives.

Question 13

A Gantt chart differs from a PERT chart in that a Gantt chart:

Accepted Answer

A)  uses charts to break a project into a series of small sub-activities that each has clear beginning and end points. 
B)  represents the quickest time in which the entire project can be finished. 
C)  helps with event or activity sequencing to make sure that things get accomplished in time for later work to build upon them. 
D)  shows all the interrelationships that must be coordinated for the entire project to be successfully completed. 
E)  combines critical path method and the program evaluation and review technique. 
A)  uses charts to break a project into a series of small sub-activities that each has clear beginning and end points. 
B)  represents the quickest time in which the entire project can be finished. 
C)  helps with event or activity sequencing to make sure that things get accomplished in time for later work to build upon them. 
D)  shows all the interrelationships that must be coordinated for the entire project to be successfully completed. 
E)  combines critical path method and the program evaluation and review technique.

Question 14

Leverage measures the ability of a firm to meet short-term obligations.

Accepted Answer

A) True 
 B)False

Question 15

The _____ form of inventory control automatically orders a fixed number of items every time an inventory level falls to a predetermined point.

Accepted Answer

A)  just-in-time scheduling 
B)  breakeven 
C)  balanced scorecard 
D)  asset management 
E)  economic order quantity 
A)  just-in-time scheduling 
B)  breakeven 
C)  balanced scorecard 
D)  asset management 
E)  economic order quantity

Question 16

Steering control takes place _____.

Accepted Answer

A)  during the work process 
B)  reactively in an organization 
C)  before work begins 
D)  after the work is completed 
E)  to correct mistakes already made 
A)  during the work process 
B)  reactively in an organization 
C)  before work begins 
D)  after the work is completed 
E)  to correct mistakes already made

Question 17

Bureaucratic control differs from clan control in that bureaucratic control:

Accepted Answer

A)  influences behavior through norms and expectations set by the organizational culture. 
B)  emphasizes hierarchy and authority. 
C)  harnesses the power of group cohesiveness and collective identity. 
D)  gives people freedom to work on their own. 
E)  encourages participation, empowerment, and involvement. 
A)  influences behavior through norms and expectations set by the organizational culture. 
B)  emphasizes hierarchy and authority. 
C)  harnesses the power of group cohesiveness and collective identity. 
D)  gives people freedom to work on their own. 
E)  encourages participation, empowerment, and involvement.

Question 18

A shoe manufacturing company produced 300,000 pairs of shoes at the end of a certain month. If the need for action was 150,000 pairs of shoes, calculate the desired performance using the control equation.

Accepted Answer

A)  650,000 
B)  150,000 
C)  250,000 
D)  450,000 
E)  750,000 
A)  650,000 
B)  150,000 
C)  250,000 
D)  450,000 
E)  750,000

Question 19

Managers rely on _____ to perform what-if calculations under different projected cost and revenue conditions.

Accepted Answer

A)  CPM/PERT 
B)  Gantt charts 
C)  critical path method 
D)  breakeven analysis 
E)  just-in-time scheduling 
A)  CPM/PERT 
B)  Gantt charts 
C)  critical path method 
D)  breakeven analysis 
E)  just-in-time scheduling

Question 20

Inventory turnover is calculated as Sales/Total Assets.

Accepted Answer

A) True 
 B)False

Just-in-time scheduling automatically orders a fixed number of items every time an inventory level falls to a predetermined point.

Liquidity differs from leverage in that liquidity is the:

Bake-It, a Spanish bread and biscuits producer, gave out a free batch of cookies to a few customers. These customers were then asked for suggestions to improve the cookies in terms of quality, taste, and variety. Which of the following types of control was implemented by Bake-It?

Which of the following increases the potential for self-control?

Self-control is ____ control that occurs through self-management and self-discipline in fulfilling work and personal responsibilities.

Output standards differ from input standards in that output standards measure _____.

The ____ path is the longest pathway in a CPM/PERT network.

What is a balanced scorecard?

A balanced ____ tallies organizational performance in financial, customer service, internal process, and innovation and learning areas.

_____ is a combination of the critical path method and the program evaluation and review technique.

A(n) ___ standard measures work efforts that go into a performance task.

Which of the following is true of a bureaucratic control system?

A Gantt chart differs from a PERT chart in that a Gantt chart:

Leverage measures the ability of a firm to meet short-term obligations.

The _____ form of inventory control automatically orders a fixed number of items every time an inventory level falls to a predetermined point.

Steering control takes place _____.

Bureaucratic control differs from clan control in that bureaucratic control:

A shoe manufacturing company produced 300,000 pairs of shoes at the end of a certain month. If the need for action was 150,000 pairs of shoes, calculate the desired performance using the control equation.

Managers rely on _____ to perform what-if calculations under different projected cost and revenue conditions.

Inventory turnover is calculated as Sales/Total Assets.

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

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Exam 9: Control Processes and Systems

Just-in-time scheduling automatically orders a fixed number of items every time an inventory level falls to a predetermined point.

Liquidity differs from leverage in that liquidity is the:

Bake-It, a Spanish bread and biscuits producer, gave out a free batch of cookies to a few customers. These customers were then asked for suggestions to improve the cookies in terms of quality, taste, and variety. Which of the following types of control was implemented by Bake-It?

Which of the following increases the potential for self-control?

Self-control is ____ control that occurs through self-management and self-discipline in fulfilling work and personal responsibilities.

Output standards differ from input standards in that output standards measure _____.

The ____ path is the longest pathway in a CPM/PERT network.

What is a balanced scorecard?

A balanced ____ tallies organizational performance in financial, customer service, internal process, and innovation and learning areas.

_____ is a combination of the critical path method and the program evaluation and review technique.

A(n) ___ standard measures work efforts that go into a performance task.

Which of the following is true of a bureaucratic control system?

A Gantt chart differs from a PERT chart in that a Gantt chart:

Leverage measures the ability of a firm to meet short-term obligations.

The _____ form of inventory control automatically orders a fixed number of items every time an inventory level falls to a predetermined point.

Steering control takes place _____.

Bureaucratic control differs from clan control in that bureaucratic control:

A shoe manufacturing company produced 300,000 pairs of shoes at the end of a certain month. If the need for action was 150,000 pairs of shoes, calculate the desired performance using the control equation.

Managers rely on _____ to perform what-if calculations under different projected cost and revenue conditions.

Inventory turnover is calculated as Sales/Total Assets.

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