Exam 13: Exercising Control

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Using management by exception:

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Effective controls must focus on critical factors that affect only the organization's abilities to achieve objectives.

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Which of the following is NOT one of the three types of control systems?

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Which of the following would be an intangible standard?

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Distinguish between tangible and intangible standards.

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Concurrent controls are sometimes referred to as "screening controls."

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If sales fall 5% below forecast, a sales manager takes no action. If, however, sales fall 20% below forecast, the sales manager and the district manager schedule a sales review meeting. This is an example of:

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Feedforward controls are preventive controls that try and anticipate problems before they occur.

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