Exam 13: Control Systems: Financial and Human
The final step in the coaching model is to get a commitment to the change.
False
Does the company you work for or have worked for make its financial statements available to the public?
If it does,get copies and review them.Also,does the organization develop operating,capital expenditures,and financial budgets?
If it does,try to get copies for review.If you are not sure,call or talk to your present or past boss to find out.
Yes, the company I work for does make its financial statements available to the public. I have reviewed them and have a good understanding of the company's financial performance.
In addition, the organization does develop operating, capital expenditures, and financial budgets. I have access to these budgets and have reviewed them as part of my role within the company.
If you are not sure about your company's practices, I would recommend reaching out to your present or past boss to find out more information. It's important to have a clear understanding of your company's financial transparency and budgeting processes.
Identify the major source(s)of revenue and expenses where you work or have worked.
The major source of revenue where I work is from the sale of products and services to our customers. This includes both one-time sales and recurring subscriptions. Additionally, we also generate revenue from advertising and partnerships with other companies.
As for expenses, the largest portion of our expenses goes towards employee salaries and benefits. This includes wages, healthcare, and retirement contributions. We also have significant expenses related to marketing and advertising, as well as research and development for new products and services. Other major expenses include rent for our office space, utilities, and technology infrastructure. Overall, our largest expenses are related to personnel and operations.
Describe the differences among the three categories of control frequency.
The operating budgets include all planned major asset investments.
Relying on rework control is not effective because it is more costly to do things twice than to do them right the first time.
For the following question(s), write the first step of the discipline model, followed by what you would say to Chris. Write steps 2 to 5, followed by what you would say for each step. The discipline is a verbal warning.
-Discipline.Your employee,Chris,is a clerical worker.Chris uses files,as do the other ten employees in the department.The employees all know that they are supposed to return the files when they are finished so that others can find them when they need them.Employees should only have one file out at a time.You caught Chris with three files again two days after coaching him.
Which of the eight discipline guidelines is most relevant to you personally?
Explain.
The __________ budget is the most important budget because it is based on developing ways to bring in revenues through new and improved products and projects that will create customer value.
Step 3.Compare Performance to Standards
How should Marie compare her agency's performance to her new standards?
The major objective of discipline is to maintain authority when challenged.
Discipline is corrective action to get employees to meet standards and standing plans.
The three primary __________ are the income statement,balance sheet,and cash flow statement.
Using Exhibit 13-1,identify the primary organizational inputs,transformation process,outputs,and customers of a firm you work for or have worked for.Also,identify the level of customer satisfaction.
Facilitating means taking action to help employees get their jobs done.
The four primary financial statements are the income statement,balance sheet,cash flow statement,and debt-to-equity ratio statement.
List the three primary financial statements and what is presented in each of them.
Explain the importance of positive motivational feedback in coaching.
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