Question 1

GE is highly leveraged. Financial analysts look at its ____ ratio to determine if it can make interest payments.

Accepted Answer

A)  liquidity 
B)  leverage 
C)  activity 
D)  operating 
E)  coverage 
A)  liquidity 
B)  leverage 
C)  activity 
D)  operating 
E)  coverage

Question 2

____ control is a form of organizational control characterized by formal and mechanistic structural arrangements.

Accepted Answer

A)  Decentralized 
B)  Divisional 
C)  Chain of command 
D)  Bureaucratic 
E)  Administrative 
A)  Decentralized 
B)  Divisional 
C)  Chain of command 
D)  Bureaucratic 
E)  Administrative

Question 3

Briefly describe the three types of financial budgets mentioned in the text and include what purpose each type serves.

Accepted Answer

The three types of financial budgets men

Question 4

A(n) ____ is a financial statement that lists all of the organization's assets and liabilities at a given point in time.

Accepted Answer

A)  balance sheet 
B)  revenue statement 
C)  income statement 
D)  financial plan 
E)  capital expenditures budget 
A)  balance sheet 
B)  revenue statement 
C)  income statement 
D)  financial plan 
E)  capital expenditures budget

Question 5

A properly designed control system can help management anticipate, monitor, and respond to changing circumstances.

Accepted Answer

A) True 
 B)False

Question 6

At the end of each fiscal year, managers note in their performance reports if they are under budget. This is an example of a(n) ____control.

Accepted Answer

A)  labor 
B)  operations 
C)  information 
D)  finance 
E)  revenue 
A)  labor 
B)  operations 
C)  information 
D)  finance 
E)  revenue

Question 7

Strategic control in global organizations is the same as domestic organizations.

Accepted Answer

A) True 
 B)False

Question 8

Describe the role of feedback in the control process.

Accepted Answer

Feedback plays a crucial role in the con

Question 9

Income statements, balance sheets, and audits are examples of the control of

Accepted Answer

A)  physical resources. 
B)  cybernetics. 
C)  human resources. 
D)  organizational complexity. 
E)  financial resources. 
A)  physical resources. 
B)  cybernetics. 
C)  human resources. 
D)  organizational complexity. 
E)  financial resources.

Question 10

The basic purpose of control is

Accepted Answer

A)  to cope with organizational complexity. 
B)  to adapt to environmental changes. 
C)  to minimize costs. 
D)  to limit the accumulation of error. 
E)  All of these choices 
A)  to cope with organizational complexity. 
B)  to adapt to environmental changes. 
C)  to minimize costs. 
D)  to limit the accumulation of error. 
E)  All of these choices

Question 11

Politicians transform information from many sources into decisions about policies for the area they govern. When politicians follow poll results after the passage of legislation, the politicians are using ____ control.

Accepted Answer

A)  preliminary 
B)  screening 
C)  postaction 
D)  cybernetic 
E)  feedback 
A)  preliminary 
B)  screening 
C)  postaction 
D)  cybernetic 
E)  feedback

Question 12

Match between columns
                        Premises: The most common form of control
Sales budget
External audit
Concerned with organization-environment matching
Training and developing employees
Hiring only high school graduates for entry level positions
Applied to the transformation stage of an organizational system
Customer survey
Production budget
Focus on one or more organizational processes
Movie screening before release
Profit budget
Inspecting hops, an ingredient in beer
News editors assigning reporters to stories
A year-end sales report
Physical therapy following surgery
Related to all other classes of resource controls
Quality control inspections
Applied to the input stage
Concerned with overall operation of the organization
Randomly testing an iPad as they are assembled
Course prerequisites
Taste testing at Flying Fish microbrewery
Employee performance appraisals
Capital expenditure
Inventory management

Accepted Answer

The Answer of Operations and Screening controls and Postaction controls is...

Question 13

If Suzlon Energy Ltd. wants to focus on the strength of its wind-turbine division, it will use ____ ratios.

Accepted Answer

A)  coverage 
B)  debt 
C)  operating 
D)  return 
E)  activity 
A)  coverage 
B)  debt 
C)  operating 
D)  return 
E)  activity

Question 14

Some investment firms require traders to take two consecutive weeks of vacation, so the traders' books can be reviewed. This is an example of

Accepted Answer

A)  management development. 
B)  verification procedures. 
C)  resistance to control. 
D)  reducing uncertainty. 
E)  management by objectives. 
A)  management development. 
B)  verification procedures. 
C)  resistance to control. 
D)  reducing uncertainty. 
E)  management by objectives.

Question 15

A quality control inspection that takes place while a product is being manufactured is called a(n) ____________________ control.

Accepted Answer

The answer of A quality control inspection that takes place...

Question 16

How are strategy and control integrated?

Accepted Answer

Strategy and control are integrated thro

Question 17

Explain the purpose of control.

Accepted Answer

The purpose of control is to ensure that

Question 18

During episodes of the Biggest Loser , contestants compete to lose weight and stay at the ranch, because someone leaves each week. This is an example of a ____ control.

Accepted Answer

A)  screening 
B)  preliminary 
C)  postaction 
D)  cybernetic 
E)  yes-no 
A)  screening 
B)  preliminary 
C)  postaction 
D)  cybernetic 
E)  yes-no

Question 19

At any point in time, control compares where the organization is in terms of performance to where it is supposed to be.

Accepted Answer

A) True 
 B)False

Question 20

The expense budget is a type of ____________________ budget that anticipates expenses for the organization during the coming time period.

Accepted Answer

The answer of The expense budget is a type of...

GE is highly leveraged. Financial analysts look at its ____ ratio to determine if it can make interest payments.

____ control is a form of organizational control characterized by formal and mechanistic structural arrangements.

Briefly describe the three types of financial budgets mentioned in the text and include what purpose each type serves.

A(n) ____ is a financial statement that lists all of the organization's assets and liabilities at a given point in time.

A properly designed control system can help management anticipate, monitor, and respond to changing circumstances.

At the end of each fiscal year, managers note in their performance reports if they are under budget. This is an example of a(n) ____control.

Strategic control in global organizations is the same as domestic organizations.

Describe the role of feedback in the control process.

Income statements, balance sheets, and audits are examples of the control of

The basic purpose of control is

Politicians transform information from many sources into decisions about policies for the area they govern. When politicians follow poll results after the passage of legislation, the politicians are using ____ control.

If Suzlon Energy Ltd. wants to focus on the strength of its wind-turbine division, it will use ____ ratios.

Some investment firms require traders to take two consecutive weeks of vacation, so the traders' books can be reviewed. This is an example of

A quality control inspection that takes place while a product is being manufactured is called a(n) ____________________ control.

How are strategy and control integrated?

Explain the purpose of control.

During episodes of the Biggest Loser , contestants compete to lose weight and stay at the ranch, because someone leaves each week. This is an example of a ____ control.

At any point in time, control compares where the organization is in terms of performance to where it is supposed to be.

The expense budget is a type of ____________________ budget that anticipates expenses for the organization during the coming time period.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Managing Operations, Quality and Productivity

Filters

Exam 19: Basic Elements of Control

GE is highly leveraged. Financial analysts look at its ____ ratio to determine if it can make interest payments.

____ control is a form of organizational control characterized by formal and mechanistic structural arrangements.

Briefly describe the three types of financial budgets mentioned in the text and include what purpose each type serves.

A(n) ____ is a financial statement that lists all of the organization's assets and liabilities at a given point in time.

A properly designed control system can help management anticipate, monitor, and respond to changing circumstances.

At the end of each fiscal year, managers note in their performance reports if they are under budget. This is an example of a(n) ____control.

Strategic control in global organizations is the same as domestic organizations.

Describe the role of feedback in the control process.

Income statements, balance sheets, and audits are examples of the control of

The basic purpose of control is

Politicians transform information from many sources into decisions about policies for the area they govern. When politicians follow poll results after the passage of legislation, the politicians are using ____ control.

If Suzlon Energy Ltd. wants to focus on the strength of its wind-turbine division, it will use ____ ratios.

Some investment firms require traders to take two consecutive weeks of vacation, so the traders' books can be reviewed. This is an example of

A quality control inspection that takes place while a product is being manufactured is called a(n) ____________________ control.

How are strategy and control integrated?

Explain the purpose of control.

During episodes of the Biggest Loser , contestants compete to lose weight and stay at the ranch, because someone leaves each week. This is an example of a ____ control.

At any point in time, control compares where the organization is in terms of performance to where it is supposed to be.

The expense budget is a type of ____________________ budget that anticipates expenses for the organization during the coming time period.

Managing and the Managers Job

Traditional and Contemporary Opportunitieschallenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Process

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Managing Operations, Quality and Productivity

Filters