Question 1

Performance appraisals are part of _____ control.

Accepted Answer

A)  physical 
B)  human resources 
C)  information 
D)  financial 
E)  inventory 
A)  physical 
B)  human resources 
C)  information 
D)  financial 
E)  inventory B

Question 2

Which of the following financial documents shows a listing of all the organization's assets and liabilities at a given point in time?

Accepted Answer

A)  Balance sheet 
B)  Expense budget 
C)  Income statement 
D)  Revenue budget 
E)  Capital expenditures budget 
A)  Balance sheet 
B)  Expense budget 
C)  Income statement 
D)  Revenue budget 
E)  Capital expenditures budget A

Question 3

An organization that switches to a different type of functional design is changing its method of _____ control.

Accepted Answer

A)  postaction 
B)  bureaucratic 
C)  screening 
D)  strategic 
E)  preliminary 
A)  postaction 
B)  bureaucratic 
C)  screening 
D)  strategic 
E)  preliminary D

Question 4

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-Cash flow budget

Accepted Answer

A) Financial budget 
B) Operations budget 
C) Nonmonetary budget 
A) Financial budget 
B) Operations budget 
C) Nonmonetary budget

Question 5

Which of the following is true of the liquidity ratio?

Accepted Answer

A)  It indicates how easily an organization's assets are converted into cash. 
B)  It reflects an organization's ability to meet long-term financial obligations. 
C)  It shows managers and investors how much return an organization is generating relative to its assets. 
D)  It helps estimate an organization's ability to cover interest expenses on borrowed capital. 
E)  It indicates the effectiveness of specific functional areas in an organization. 
A)  It indicates how easily an organization's assets are converted into cash. 
B)  It reflects an organization's ability to meet long-term financial obligations. 
C)  It shows managers and investors how much return an organization is generating relative to its assets. 
D)  It helps estimate an organization's ability to cover interest expenses on borrowed capital. 
E)  It indicates the effectiveness of specific functional areas in an organization.

Question 6

A budget that deals with costs of major assets such as a new plant, machinery, or land is known as a _____ budget.

Accepted Answer

A)  revenue 
B)  balance sheet 
C)  cash flow 
D)  expense 
E)  capital expenditures 
A)  revenue 
B)  balance sheet 
C)  cash flow 
D)  expense 
E)  capital expenditures

Question 7

International firms which use ____ strategic control require each organization unit around the world to frequently report the results of its performance to headquarters.

Accepted Answer

A)  decentralized 
B)  organic 
C)  screening 
D)  centralized 
E)  postaction 
A)  decentralized 
B)  organic 
C)  screening 
D)  centralized 
E)  postaction

Question 8

Inspection reports are used to monitor the quality of raw materials delivered to manufacturers. This is an example of _____ control.

Accepted Answer

A)  financial 
B)  structural 
C)  preliminary 
D)  screening 
E)  postaction 
A)  financial 
B)  structural 
C)  preliminary 
D)  screening 
E)  postaction

Question 9

The financial ratio that reflects the ability to meet long-term financial obligations is the _____ ratio.

Accepted Answer

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

Question 10

The _____ budget shows the anticipated differences between sales or revenue and expenses.

Accepted Answer

A)  expense 
B)  profit 
C)  labor 
D)  capital expenditure 
E)  cash flow 
A)  expense 
B)  profit 
C)  labor 
D)  capital expenditure 
E)  cash flow

Question 11

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-An editor who works on a manuscript only when it is complete

Accepted Answer

A) Preliminary control 
B) Screening control 
C) Postaction control 
A) Preliminary control 
B) Screening control 
C) Postaction control

Question 12

Postaction control is applied to _____.

Accepted Answer

A)  resources 
B)  transformation processes 
C)  subsystems 
D)  controllers 
E)  outputs 
A)  resources 
B)  transformation processes 
C)  subsystems 
D)  controllers 
E)  outputs

Question 13

Everyone working or volunteering for Girl Scouts goes through a background check before they can work with girls or handle money. This is an example of:

Accepted Answer

A)  screening control. 
B)  preliminary control. 
C)  postaction control. 
D)  information control. 
E)  structural control. 
A)  screening control. 
B)  preliminary control. 
C)  postaction control. 
D)  information control. 
E)  structural control.

Question 14

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-Labor budget

Accepted Answer

A) Financial budget 
B) Operations budget 
C) Nonmonetary budget 
A) Financial budget 
B) Operations budget 
C) Nonmonetary budget

Question 15

A company that specializes in indoor farming has recently acquired a large warehouse. Which of the following budgets will this company use to determine and plan the area available for various functions?

Accepted Answer

A)  Operating budget 
B)  Space budget 
C)  Labor budget 
D)  Revenue budget 
E)  Expense budget 
A)  Operating budget 
B)  Space budget 
C)  Labor budget 
D)  Revenue budget 
E)  Expense budget

Question 16

A manager at a supermarket needs to know how easily the store's assets can be converted into cash. Which of the following ratios will he use?

Accepted Answer

A)  Debt ratio 
B)  Return ratio 
C)  Liquidity ratio 
D)  Coverage ratio 
E)  Operating ratio 
A)  Debt ratio 
B)  Return ratio 
C)  Liquidity ratio 
D)  Coverage ratio 
E)  Operating ratio

Question 17

Match the following numbered items with the most correct response letter.
A response may be used once, more than once, or not at all.
-A journalist who edits her articles while she is working on them

Accepted Answer

A) Preliminary control 
B) Screening control 
C) Postaction control 
A) Preliminary control 
B) Screening control 
C) Postaction control

Question 18

Compare the bureaucratic and decentralized models of organizational control.

Accepted Answer

Bureaucratic control is an approach to o

Question 19

Monitoring the administrative ratio to make sure staff expenses do not become excessive is an example of _____ control.

Accepted Answer

A)  postaction 
B)  strategic 
C)  structural 
D)  operations 
E)  information 
A)  postaction 
B)  strategic 
C)  structural 
D)  operations 
E)  information

Question 20

The first step in the control process is:

Accepted Answer

A)  modifying control standards. 
B)  comparing performance against standards. 
C)  measuring performance. 
D)  establishing control standards. 
E)  determining the need for corrective action. 
A)  modifying control standards. 
B)  comparing performance against standards. 
C)  measuring performance. 
D)  establishing control standards. 
E)  determining the need for corrective action.

Performance appraisals are part of _____ control.

Which of the following financial documents shows a listing of all the organization's assets and liabilities at a given point in time?

An organization that switches to a different type of functional design is changing its method of _____ control.

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -Cash flow budget

Which of the following is true of the liquidity ratio?

A budget that deals with costs of major assets such as a new plant, machinery, or land is known as a _____ budget.

International firms which use ____ strategic control require each organization unit around the world to frequently report the results of its performance to headquarters.

Inspection reports are used to monitor the quality of raw materials delivered to manufacturers. This is an example of _____ control.

The financial ratio that reflects the ability to meet long-term financial obligations is the _____ ratio.

The _____ budget shows the anticipated differences between sales or revenue and expenses.

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -An editor who works on a manuscript only when it is complete

Postaction control is applied to _____.

Everyone working or volunteering for Girl Scouts goes through a background check before they can work with girls or handle money. This is an example of:

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -Labor budget

A company that specializes in indoor farming has recently acquired a large warehouse. Which of the following budgets will this company use to determine and plan the area available for various functions?

A manager at a supermarket needs to know how easily the store's assets can be converted into cash. Which of the following ratios will he use?

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -A journalist who edits her articles while she is working on them

Compare the bureaucratic and decentralized models of organizational control.

Monitoring the administrative ratio to make sure staff expenses do not become excessive is an example of _____ control.

The first step in the control process is:

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Managing Decision Making

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Managing Operations, Quality, and Productivity

Filters

Exam 14: Basic Elements of Control

Performance appraisals are part of _____ control.

Which of the following financial documents shows a listing of all the organization's assets and liabilities at a given point in time?

An organization that switches to a different type of functional design is changing its method of _____ control.

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -Cash flow budget

Which of the following is true of the liquidity ratio?

A budget that deals with costs of major assets such as a new plant, machinery, or land is known as a _____ budget.

International firms which use ____ strategic control require each organization unit around the world to frequently report the results of its performance to headquarters.

Inspection reports are used to monitor the quality of raw materials delivered to manufacturers. This is an example of _____ control.

The financial ratio that reflects the ability to meet long-term financial obligations is the _____ ratio.

The _____ budget shows the anticipated differences between sales or revenue and expenses.

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -An editor who works on a manuscript only when it is complete

Postaction control is applied to _____.

Everyone working or volunteering for Girl Scouts goes through a background check before they can work with girls or handle money. This is an example of:

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -Labor budget

A company that specializes in indoor farming has recently acquired a large warehouse. Which of the following budgets will this company use to determine and plan the area available for various functions?

A manager at a supermarket needs to know how easily the store's assets can be converted into cash. Which of the following ratios will he use?

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -A journalist who edits her articles while she is working on them

Compare the bureaucratic and decentralized models of organizational control.

Monitoring the administrative ratio to make sure staff expenses do not become excessive is an example of _____ control.

The first step in the control process is:

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Managing Decision Making

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Managing Operations, Quality, and Productivity

Filters