Exam 13: Fundamentals of Controlling

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Workers are more apt to accept standards as reasonable and fair when they help to formulate those standards.

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The managerial function of controlling consists of which of the following?

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Identify and distinguish between the three types of time factor control mechanisms identified in the text.

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(1) Feedforward controls are anticipatory actions taken to ensure that problems do not occur. (2) Concurrent controls are corrective actions taken during an activity to ensure that standards are being met. (3) Feedback controls are actions taken after the activity has been completed.

The control process involves four sequential steps: setting standards, measuring performance, corrective action, and providing instruction.

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As an accountant for a large marketing company, Conrad uses last year's budget to develop projections for the upcoming annual budget. This is an exmaple of what type of budgeting?

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A written plan expressed in numerical terms that projects anticipated resources and expenditures for a certain period of time is known as a/n:

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In a behavioral sense, controls and on-the-job freedom compliment each other.

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Control mechanisms should indicate who or what is responsible for a deviation and where the deviation occurred.

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Top management has assured Elizabeth, the supervisor of the accounting department, that the budget for her department is "flexible." Elizabeth thinks that this means she can change the figures herself as need be. Is she correct? Why or why not?

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_____ uses feedforward controls at one time or another.

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While operating a backhoe, Stephen notices that a low-fuel light has just come on. This is an example of which time factor control mechanism?

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The closeness of supervisory follow-up is based on all of the following factors EXCEPT:

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The controlling function is most closely related to which other primary managerial function?

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Large organizations employ consultants trained in work efficiency and cost control so that supervisors don't have be cost conscious.

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Since controls are inflexible, supervisors and employees need to be able to adapt as needed.

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One method by which performance can be measured is by direct observation and personal contact.

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Riya performs data analysis on performance reports submitted by institutions of higher education, primarily looking for data entry errors. This is an example of which time factor control mechanism?

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Which type of control involves keeping watch over raw materials, supplies, work-in-process, and finished goods?

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The first step in the control process is:

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Feedback control provides valuable information for:

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