Question 1

Which of the following refers to funding activities with borrowed money?

Accepted Answer

A) ROA 
B) Leverage 
C) Liquidity 
D) Profitability 
E) Activity 
A) ROA 
B) Leverage 
C) Liquidity 
D) Profitability 
E) Activity

Question 2

In a traditional ____________________ approach,budgeted amounts for the coming year are imposed on middle- and lower-level managers.

Accepted Answer

The answer of In a traditional ____________________ approach,budgeted amounts for...

Question 3

____ is a contingency factor that can influence the success of a TQM program in a negative way.

Accepted Answer

A) Continuous improvement is a way of life 
B) TQM serves to enrich jobs and motivate employees 
C) Problem-solving skills are improved for all employees 
D) Participation and teamwork are used to tackle significant problems 
E) Union leaders are left out of QC discussions 
A) Continuous improvement is a way of life 
B) TQM serves to enrich jobs and motivate employees 
C) Problem-solving skills are improved for all employees 
D) Participation and teamwork are used to tackle significant problems 
E) Union leaders are left out of QC discussions

Question 4

An organization wide commitment to infusing quality into every activity through continuous improvement is called ____________________.

Accepted Answer

total qual

Question 5

Very high expectations from senior management and a desire to share authority by middle managers are two of the positive factors leading to success of TQM.

Accepted Answer

A) True 
 B)False

Question 6

A standard for performance is included in an organization's overall strategic plan to compare organizational activities against.

Accepted Answer

A) True 
 B)False

Question 7

Decentralized control is usually implemented in all of the following areas EXCEPT:

Accepted Answer

A) self-control. 
B) peer group. 
C) corporate culture. 
D) employee selection and socialization. 
E) the quality control department. 
A) self-control. 
B) peer group. 
C) corporate culture. 
D) employee selection and socialization. 
E) the quality control department.

Question 8

The ____ offers some indication of the degree to which various countries are open regarding economic matters.

Accepted Answer

A) Opacity Index 
B) Economic Index 
C) Clarity Index 
D) National Index 
E) Foreign Economy Index 
A) Opacity Index 
B) Economic Index 
C) Clarity Index 
D) National Index 
E) Foreign Economy Index

Question 9

Scenario - Katrina Aldridge
The yearly auditing review of Pilgrim Industries is scheduled for next month.Katrina Aldridge is preparing for that audit and is also preparing her budget for the coming year.
-Katrina has also requested that the financial ratios be calculated and analyzed for her.Which of the following ratios will give her the best information for evaluating liquidity?

Accepted Answer

A) Profit margin on sales 
B) Current ratio 
C) Conversion ratio 
D) Return on assets 
E) None of these. 
A) Profit margin on sales 
B) Current ratio 
C) Conversion ratio 
D) Return on assets 
E) None of these.

Question 10

Which of these is based on a set of international standards for quality?

Accepted Answer

A) Quality circle 
B) Corporate governance 
C) ISO certification 
D) Open-book management 
E) Balance scorecard 
A) Quality circle 
B) Corporate governance 
C) ISO certification 
D) Open-book management 
E) Balance scorecard

Question 11

Which of the following is a ratio that measures the firm's internal performance with respect to key activities defined by management?

Accepted Answer

A) A liquidity ratio 
B) An activity ratio 
C) Return on total assets 
D) A current ratio 
E) Profit margin on sales 
A) A liquidity ratio 
B) An activity ratio 
C) Return on total assets 
D) A current ratio 
E) Profit margin on sales

Question 12

Sharing financial information and results with all employees in the organization is called ____________________ management.

Accepted Answer

The answer of Sharing financial information and results with all...

Question 13

The final step of the feedback control model is to do nothing if performance is adequate or to take corrective action if performance is inadequate.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is a control system that measures performance in terms of after-tax profits minus the cost of capital invested in tangible assets?

Accepted Answer

A) Open-book management 
B) Economic value-added system 
C) Activity-based costing 
D) Inappropriate control system 
E) None of these 
A) Open-book management 
B) Economic value-added system 
C) Activity-based costing 
D) Inappropriate control system 
E) None of these

Question 15

Which of the following includes anticipated and actual expenses for a responsibility center?

Accepted Answer

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

Question 16

Pauline is an area manager at Ironman Gym.She anticipates her area's needs and formulates a proposed budget every quarter.She then sends this proposal to her manager.This is an example of

Accepted Answer

A) top-down budgeting. 
B) strategic budgeting. 
C) revenue budgeting. 
D) bottom-up budgeting. 
E) none of these. 
A) top-down budgeting. 
B) strategic budgeting. 
C) revenue budgeting. 
D) bottom-up budgeting. 
E) none of these.

Question 17

Six Sigma is most beneficial when employees have challenging jobs.

Accepted Answer

A) True 
 B)False

Question 18

The ____ plans future investments in major assets to be depreciated over several years.

Accepted Answer

A) capital budget 
B) balance sheet budget 
C) cash budget 
D) revenue budget 
E) profit budget 
A) capital budget 
B) balance sheet budget 
C) cash budget 
D) revenue budget 
E) profit budget

Question 19

List the four steps in the feedback control model.

Accepted Answer

The four steps are (1)establis

Question 20

Describe the difference between a balance sheet and an income statement.

Accepted Answer

A balance sheet shows the firm's financi

Which of the following refers to funding activities with borrowed money?

In a traditional ____________________ approach,budgeted amounts for the coming year are imposed on middle- and lower-level managers.

____ is a contingency factor that can influence the success of a TQM program in a negative way.

An organization wide commitment to infusing quality into every activity through continuous improvement is called ____________________.

Very high expectations from senior management and a desire to share authority by middle managers are two of the positive factors leading to success of TQM.

A standard for performance is included in an organization's overall strategic plan to compare organizational activities against.

Decentralized control is usually implemented in all of the following areas EXCEPT:

The ____ offers some indication of the degree to which various countries are open regarding economic matters.

Which of these is based on a set of international standards for quality?

Which of the following is a ratio that measures the firm's internal performance with respect to key activities defined by management?

Sharing financial information and results with all employees in the organization is called ____________________ management.

The final step of the feedback control model is to do nothing if performance is adequate or to take corrective action if performance is inadequate.

Which of the following is a control system that measures performance in terms of after-tax profits minus the cost of capital invested in tangible assets?

Which of the following includes anticipated and actual expenses for a responsibility center?

Pauline is an area manager at Ironman Gym.She anticipates her area's needs and formulates a proposed budget every quarter.She then sends this proposal to her manager.This is an example of

Six Sigma is most beneficial when employees have challenging jobs.

The ____ plans future investments in major assets to be depreciated over several years.

List the four steps in the feedback control model.

Describe the difference between a balance sheet and an income statement.

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

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Exam 19: Managing Quality and Performance

Which of the following refers to funding activities with borrowed money?

In a traditional ____________________ approach,budgeted amounts for the coming year are imposed on middle- and lower-level managers.

____ is a contingency factor that can influence the success of a TQM program in a negative way.

An organization wide commitment to infusing quality into every activity through continuous improvement is called ____________________.

Very high expectations from senior management and a desire to share authority by middle managers are two of the positive factors leading to success of TQM.

A standard for performance is included in an organization's overall strategic plan to compare organizational activities against.

Decentralized control is usually implemented in all of the following areas EXCEPT:

The ____ offers some indication of the degree to which various countries are open regarding economic matters.

Which of these is based on a set of international standards for quality?

Which of the following is a ratio that measures the firm's internal performance with respect to key activities defined by management?

Sharing financial information and results with all employees in the organization is called ____________________ management.

The final step of the feedback control model is to do nothing if performance is adequate or to take corrective action if performance is inadequate.

Which of the following is a control system that measures performance in terms of after-tax profits minus the cost of capital invested in tangible assets?

Which of the following includes anticipated and actual expenses for a responsibility center?

Pauline is an area manager at Ironman Gym.She anticipates her area's needs and formulates a proposed budget every quarter.She then sends this proposal to her manager.This is an example of

Six Sigma is most beneficial when employees have challenging jobs.

The ____ plans future investments in major assets to be depreciated over several years.

List the four steps in the feedback control model.

Describe the difference between a balance sheet and an income statement.

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