Exam 14: Basic Elements of Control

John began his company making herb vinegars from a recipe his grandmother had given him. As demand grew, he had to buy a large commercial kitchen. Which of the following ratios would a banker be most interested in before allowing John to borrow $500,000?

Match the following numbered items with the most correct response letter. A response may be used once, more than once, or not at all. -News editors assigning reporters to stories

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

A control system that provides information as often as is necessary is said to possess _____.

The control of _____ affects all the other resources in an organization.

Which of the following is characteristic of the bureaucratic approach to organizational control?

During the scheduling of a project, a plant manager is told that she has 30 workers for 6 hours a day, 5 days a week. This is part of a(n) _____ budget.

Which of the following is a weakness associated with budgeting?

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

Employees at an accounting agency are prohibited from using social networking websites while at work. Their personal e-mails are also closely monitored for reasons of confidentiality. The control system at this organization suffers from:

A(n) _____ budget shows costs of major assets such as a new plant, machinery, or land.

Describe the three broad classes of budgets.

Financial analysts look at a company's _____ ratio to determine if it can make interest payments on borrowed capital.

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

Which of the following is a characteristic of effective control?

An organization whose goal is employee commitment to the organization most likely uses _____ structural control.

A publishing firm will use a(n) _____ budget to forecast and plan the demand for young adult books in Southeast Asia in the coming year.

_____ controls are an effective way to catch problems early in the transformation process.

An organization that relies on strict rules and a rigid hierarchy and insists that employees meet minimally acceptable levels of performance most likely uses _____ structural control.

A(n) _____ is a plan expressed in numerical terms