Question 1

The goal of ____ is to get every employee thinking and acting like a business owner.

Accepted Answer

A) management-by-walking around 
B) closed-book management 
C) MBO 
D) open-book management 
E) just-in-time inventory systems 
A) management-by-walking around 
B) closed-book management 
C) MBO 
D) open-book management 
E) just-in-time inventory systems

Question 2

Which of the following is considered a leverage ratio?

Accepted Answer

A) Debt ratio 
B) Return on total assets 
C) Profit margin on sales 
D) Conversion ratio 
E) Inventory turnover 
A) Debt ratio 
B) Return on total assets 
C) Profit margin on sales 
D) Conversion ratio 
E) Inventory turnover

Question 3

A control system that identifies the various activities needed to provide a product and determines the cost of those activities is called ____________________.

Accepted Answer

activity-b

Question 4

Which of the following is the systematic process through which managers regulate organizational activities?

Accepted Answer

A) Strategic planning 
B) Organizational control 
C) Organizational goal setting 
D) Strategic regulation 
E) Organizational leading 
A) Strategic planning 
B) Organizational control 
C) Organizational goal setting 
D) Strategic regulation 
E) Organizational leading

Question 5

Which financial control system measures the stock market's estimate of the value of a company's past and projected capital investment projects?

Accepted Answer

A) Market value-added 
B) Economic value-added 
C) System governance 
D) Activity-based costing 
E) Corporate governance 
A) Market value-added 
B) Economic value-added 
C) System governance 
D) Activity-based costing 
E) Corporate governance

Question 6

The system of governing an organization so that the interests of corporate owners are protected refers to corporate governance.

Accepted Answer

A) True 
 B)False

Question 7

All well-designed control systems involve the use of ____ to determine whether performance meets established standards.

Accepted Answer

A) opinions 
B) advice 
C) consultants 
D) benchmarks 
E) feedback 
A) opinions 
B) advice 
C) consultants 
D) benchmarks 
E) feedback

Question 8

Identify and briefly describe the four steps of the feedback control model.

Accepted Answer

The four steps are 1)establish

Question 9

ABC is a control system that identifies the various activities needed to provide a product and allocates costs accordingly.

Accepted Answer

A) True 
 B)False

Question 10

At RWI Distilleries,rules and procedures are used only when necessary.Instead,shared goals and values guide employee behavior.RWI uses what type of organizational control?

Accepted Answer

A) Centralized control 
B) Hierarchical control 
C) Decentralized control 
D) Top-down control 
E) Balanced control 
A) Centralized control 
B) Hierarchical control 
C) Decentralized control 
D) Top-down control 
E) Balanced control

Question 11

An economic value added system identifies various activities needed to provide a product and determines the cost of each of those activities.

Accepted Answer

A) True 
 B)False

Question 12

An advantage of the bottom-up budgeting process is

Accepted Answer

A) its emphasis on bureaucratic control. 
B) lower managers are more involved. 
C) top managers control the information flow. 
D) top managers are often not committed to achieving budget targets. 
E) all of these. 
A) its emphasis on bureaucratic control. 
B) lower managers are more involved. 
C) top managers control the information flow. 
D) top managers are often not committed to achieving budget targets. 
E) all of these.

Question 13

A(n)____________________ includes anticipated and actual expenses for each responsibility center and for the total organization.

Accepted Answer

The answer of A(n)____________________ includes anticipated and actual expenses for...

Question 14

A budgeting process in which lower-level managers budget their departments' resource needs and pass them up to top management for approval is called ____________________ budgeting.

Accepted Answer

The answer of A budgeting process in which lower-level managers...

Question 15

The conversion ratio is considered to be a(n)

Accepted Answer

A) activity ratio. 
B) liquidity ratio. 
C) profitability ratio. 
D) leverage ratio. 
E) cash ratio. 
A) activity ratio. 
B) liquidity ratio. 
C) profitability ratio. 
D) leverage ratio. 
E) cash ratio.

Question 16

Madison has been assigned to work on the development of a budget that plans future investments in major assets such as buildings and heavy machinery.Madison is working on a(n)

Accepted Answer

A) cash budget. 
B) capital budget. 
C) revenue budget. 
D) operating budget. 
E) expense budget. 
A) cash budget. 
B) capital budget. 
C) revenue budget. 
D) operating budget. 
E) expense budget.

Question 17

An expense budget lists forecasted and actual revenues of the organization.

Accepted Answer

A) True 
 B)False

Question 18

List the four major perspectives of a balanced scorecard.

Accepted Answer

(1)Financial performance,(2)cu

Question 19

The capital budget lists planned investments in major assets such as buildings,heavy machinery,or complex information technology systems.

Accepted Answer

A) True 
 B)False

Question 20

What is the first step in the feedback control system?

Accepted Answer

A) Establishing strategic objectives 
B) Establishing standards of performance 
C) Taking corrective action 
D) Comparing performance to standard 
E) Measuring previous performance 
A) Establishing strategic objectives 
B) Establishing standards of performance 
C) Taking corrective action 
D) Comparing performance to standard 
E) Measuring previous performance

The goal of ____ is to get every employee thinking and acting like a business owner.

Which of the following is considered a leverage ratio?

A control system that identifies the various activities needed to provide a product and determines the cost of those activities is called ____________________.

Which of the following is the systematic process through which managers regulate organizational activities?

Which financial control system measures the stock market's estimate of the value of a company's past and projected capital investment projects?

The system of governing an organization so that the interests of corporate owners are protected refers to corporate governance.

All well-designed control systems involve the use of ____ to determine whether performance meets established standards.

Identify and briefly describe the four steps of the feedback control model.

ABC is a control system that identifies the various activities needed to provide a product and allocates costs accordingly.

At RWI Distilleries,rules and procedures are used only when necessary.Instead,shared goals and values guide employee behavior.RWI uses what type of organizational control?

An economic value added system identifies various activities needed to provide a product and determines the cost of each of those activities.

An advantage of the bottom-up budgeting process is

A(n)____________________ includes anticipated and actual expenses for each responsibility center and for the total organization.

A budgeting process in which lower-level managers budget their departments' resource needs and pass them up to top management for approval is called ____________________ budgeting.

The conversion ratio is considered to be a(n)

Madison has been assigned to work on the development of a budget that plans future investments in major assets such as buildings and heavy machinery.Madison is working on a(n)

An expense budget lists forecasted and actual revenues of the organization.

List the four major perspectives of a balanced scorecard.

The capital budget lists planned investments in major assets such as buildings,heavy machinery,or complex information technology systems.

What is the first step in the feedback control system?

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing the Value Chain, Web 20, and E-Business

Filters

Exam 19: Managing Quality and Performance

The goal of ____ is to get every employee thinking and acting like a business owner.

Which of the following is considered a leverage ratio?

A control system that identifies the various activities needed to provide a product and determines the cost of those activities is called ____________________.

Which of the following is the systematic process through which managers regulate organizational activities?

Which financial control system measures the stock market's estimate of the value of a company's past and projected capital investment projects?

The system of governing an organization so that the interests of corporate owners are protected refers to corporate governance.

All well-designed control systems involve the use of ____ to determine whether performance meets established standards.

Identify and briefly describe the four steps of the feedback control model.

ABC is a control system that identifies the various activities needed to provide a product and allocates costs accordingly.

At RWI Distilleries,rules and procedures are used only when necessary.Instead,shared goals and values guide employee behavior.RWI uses what type of organizational control?

An economic value added system identifies various activities needed to provide a product and determines the cost of each of those activities.

An advantage of the bottom-up budgeting process is

A(n)____________________ includes anticipated and actual expenses for each responsibility center and for the total organization.

A budgeting process in which lower-level managers budget their departments' resource needs and pass them up to top management for approval is called ____________________ budgeting.

The conversion ratio is considered to be a(n)

Madison has been assigned to work on the development of a budget that plans future investments in major assets such as buildings and heavy machinery.Madison is working on a(n)

An expense budget lists forecasted and actual revenues of the organization.

List the four major perspectives of a balanced scorecard.

The capital budget lists planned investments in major assets such as buildings,heavy machinery,or complex information technology systems.

What is the first step in the feedback control system?

Innovative Management for a Changing World

The Evolution of Management Thinking

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managing Small Business Start-Ups

Managerial Planning and Goal Setting

Strategy Formulation and Execution

Managerial Decision Making

Designing Adaptive Organizations

Managing Change and Innovation

Managing Human Resources

Managing Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing the Value Chain, Web 20, and E-Business

Filters