Question 1

Calculate average inventory if sales is $400,000 and the inventory turnover is 1.6.

Accepted Answer

A)  $280,000 
B)  $250,000 
C)  $150,000 
D)  $180,000 
E)  $140,000 
A)  $280,000 
B)  $250,000 
C)  $150,000 
D)  $180,000 
E)  $140,000

Question 2

Leverage measures the ability of a firm to meet short-term obligations.

Accepted Answer

A) True 
 B)False

Question 3

With reference to profitability,Net margin = _____.

Accepted Answer

A)  Net Income/Owner's Equity 
B)  Net Income/Sales 
C)  Net Income/Total Assets 
D)  Net Income/Inventories 
E)  Net Income/Debts 
A)  Net Income/Owner's Equity 
B)  Net Income/Sales 
C)  Net Income/Total Assets 
D)  Net Income/Inventories 
E)  Net Income/Debts

Question 4

In which of the following systems of control do organizations use budgets for personnel,equipment,travel expenses,and so on to keep behavior targeted within set limits?

Accepted Answer

A)  Bureaucratic control 
B)  Clan control 
C)  Normative control 
D)  Regulatory control 
E)  Self-control 
A)  Bureaucratic control 
B)  Clan control 
C)  Normative control 
D)  Regulatory control 
E)  Self-control

Question 5

Controlling is the process of setting directions and allocating resources in an organization.

Accepted Answer

A) True 
 B)False

Question 6

Historical comparisons benchmark performance against that being achieved by other people,work units,or organizations.

Accepted Answer

A) True 
 B)False

Question 7

Calculate sales if the net income is $200,000 and the net margin is 50%.

Accepted Answer

A)  $480,000 
B)  $400,000 
C)  $300,000 
D)  $570,000 
E)  $600,000 
A)  $480,000 
B)  $400,000 
C)  $300,000 
D)  $570,000 
E)  $600,000

Question 8

Which of the following is true of feedforward control?

Accepted Answer

A)  It focuses on what happens during the work process. 
B)  It is preventive in nature. 
C)  It is largely reactive. 
D)  It solves problems as they occur. 
E)  It focuses on the quality of end results rather than on inputs. 
A)  It focuses on what happens during the work process. 
B)  It is preventive in nature. 
C)  It is largely reactive. 
D)  It solves problems as they occur. 
E)  It focuses on the quality of end results rather than on inputs.

Question 9

Calculate return on equity from the following information:
Sales = $400,000
Expenses = $100,000
Debts incurred = $120,000
Owner's equity = $180,000

Accepted Answer

A)  2:3 
B)  3:2 
C)  5:3 
D)  4:5 
E)  5:1 
A)  2:3 
B)  3:2 
C)  5:3 
D)  4:5 
E)  5:1

Question 10

What is project management? Explain the two techniques of project management.

Accepted Answer

Project management makes sure that activ

Question 11

_____ control is also known as steering control.

Accepted Answer

A)  Feedback 
B)  Post-action 
C)  Concurrent 
D)  Feedforward 
E)  Preliminary 
A)  Feedback 
B)  Post-action 
C)  Concurrent 
D)  Feedforward 
E)  Preliminary

Question 12

Which of the following increases the potential for self-control?

Accepted Answer

A)  Enforcing authority, policies, procedures, job descriptions, budgets, and day-to-day supervision to make sure that people act in harmony with organizational interests 
B)  Ensuring participative organizational cultures in which everyone treats each other with respect and consideration 
C)  Preparing budgets for personnel, equipment, travel expenses, and the like to keep behavior targeted within set limits 
D)  Influencing behavior through norms and expectations set by the organizational culture 
E)  Harnessing the power of group cohesiveness and collective identity 
A)  Enforcing authority, policies, procedures, job descriptions, budgets, and day-to-day supervision to make sure that people act in harmony with organizational interests 
B)  Ensuring participative organizational cultures in which everyone treats each other with respect and consideration 
C)  Preparing budgets for personnel, equipment, travel expenses, and the like to keep behavior targeted within set limits 
D)  Influencing behavior through norms and expectations set by the organizational culture 
E)  Harnessing the power of group cohesiveness and collective identity

Question 13

Output standards measure work efforts that go into performing a task.

Accepted Answer

A) True 
 B)False

Calculate average inventory if sales is $400,000 and the inventory turnover is 1.6.

Leverage measures the ability of a firm to meet short-term obligations.

With reference to profitability,Net margin = _____.

In which of the following systems of control do organizations use budgets for personnel,equipment,travel expenses,and so on to keep behavior targeted within set limits?

Controlling is the process of setting directions and allocating resources in an organization.

Historical comparisons benchmark performance against that being achieved by other people,work units,or organizations.

Calculate sales if the net income is $200,000 and the net margin is 50%.

Which of the following is true of feedforward control?

Calculate return on equity from the following information: Sales = $400,000 Expenses = $100,000 Debts incurred = $120,000 Owner's equity = $180,000

What is project management? Explain the two techniques of project management.

_____ control is also known as steering control.

Which of the following increases the potential for self-control?

Output standards measure work efforts that go into performing a task.

Introducing Management

Management Learning Past to Present

Ethics and Social Responsibility

Environment, innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision Making

Planning Processes and Techniques

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters

Exam 9: Control Processes and Systems

Calculate average inventory if sales is $400,000 and the inventory turnover is 1.6.

Leverage measures the ability of a firm to meet short-term obligations.

With reference to profitability,Net margin = _____.

In which of the following systems of control do organizations use budgets for personnel,equipment,travel expenses,and so on to keep behavior targeted within set limits?

Controlling is the process of setting directions and allocating resources in an organization.

Historical comparisons benchmark performance against that being achieved by other people,work units,or organizations.

Calculate sales if the net income is $200,000 and the net margin is 50%.

Which of the following is true of feedforward control?

Calculate return on equity from the following information: Sales = $400,000 Expenses = $100,000 Debts incurred = $120,000 Owner's equity = $180,000

What is project management? Explain the two techniques of project management.

_____ control is also known as steering control.

Which of the following increases the potential for self-control?

Output standards measure work efforts that go into performing a task.

Introducing Management

Management Learning Past to Present

Ethics and Social Responsibility

Environment, innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision Making

Planning Processes and Techniques

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Filters