Question 1

Walt Disney Company,Dow Chemical,IBM,and General Motors are just some firms in which top management compensation is ________.

Accepted Answer

A)  contingent upon the company's achieving strategic objectives 
B)  not contingent upon the company's achieving strategic objectives 
C)  contingent upon the company's product development process 
D)  contingent upon the individual's ability to expand internationally 
E)  contingent upon the board's approval 
A)  contingent upon the company's achieving strategic objectives 
B)  not contingent upon the company's achieving strategic objectives 
C)  contingent upon the company's product development process 
D)  contingent upon the individual's ability to expand internationally 
E)  contingent upon the board's approval

Question 2

Corporations will emphasize output controls when they are following a strategy of

Accepted Answer

A)  concentric diversification. 
B)  conglomerate diversification. 
C)  retrenchment. 
D)  divestment. 
E)  vertical integration. 
A)  concentric diversification. 
B)  conglomerate diversification. 
C)  retrenchment. 
D)  divestment. 
E)  vertical integration.

Question 3

An emphasis on monitoring those few things which must go well to ensure corporate success is reflected in

Accepted Answer

A)  the 60/40 rule. 
B)  the 30/70 rule. 
C)  the 80/20 rule. 
D)  success factors. 
E)  key performance measures. 
A)  the 60/40 rule. 
B)  the 30/70 rule. 
C)  the 80/20 rule. 
D)  success factors. 
E)  key performance measures.

Question 4

What is becoming the business information system's global standard?

Accepted Answer

A)  ERP 
B)  SAP 
C)  GDP 
D)  TQM 
E)  ISO 9000 
A)  ERP 
B)  SAP 
C)  GDP 
D)  TQM 
E)  ISO 9000

Question 5

The evaluation and control process ensures that the company is achieving what it set out to accomplish.

Accepted Answer

A) True 
 B)False

Question 6

An electronic tagging technology used in a number of companies to improve supply-chain efficiency with contactless communication between devices is

Accepted Answer

A)  RFID. 
B)  ERP. 
C)  MBO. 
D)  TQM. 
E)  ROE. 
A)  RFID. 
B)  ERP. 
C)  MBO. 
D)  TQM. 
E)  ROE.

Question 7

A responsibility center which measures resources in dollars without consideration of service or product costs is called a(n)

Accepted Answer

A)  investment center. 
B)  revenue center. 
C)  expense center. 
D)  profit center. 
E)  standard cost center. 
A)  investment center. 
B)  revenue center. 
C)  expense center. 
D)  profit center. 
E)  standard cost center.

Question 8

Because of the belief that accounting-based numbers such as ROI,ROE,and EPS are not reliable indicators of a corporation's economic value,which method of corporate performance is now preferred?

Accepted Answer

A)  shareholder value 
B)  basic earning power 
C)  price/earnings ratio 
D)  profit margin on sales 
E)  return on assets 
A)  shareholder value 
B)  basic earning power 
C)  price/earnings ratio 
D)  profit margin on sales 
E)  return on assets

Question 9

The ISO 9000 and 14000 Standards Series as a way to objectively document a company's high level of quality operations are examples of

Accepted Answer

A)  tactical control. 
B)  strategic control. 
C)  output control. 
D)  functional control. 
E)  behavior control. 
A)  tactical control. 
B)  strategic control. 
C)  output control. 
D)  functional control. 
E)  behavior control.

Question 10

One of the obstacles to effective control is the difficulty in developing appropriate measures of important activities and outputs.

Accepted Answer

A) True 
 B)False

Question 11

Evaluation and control information consists only of performance data.

Accepted Answer

A) True 
 B)False

Question 12

Activity-based costing (ABC) is an accounting method for allocating indirect and fixed costs to individual products or product lines based on the value-added activities going into that product.

Accepted Answer

A) True 
 B)False

Question 13

Which type of control specifies how something is to be done through policies,rules,standard operating procedures,and orders from a superior?

Accepted Answer

A)  tactical control 
B)  strategic control 
C)  output control 
D)  behavior control 
E)  functional control 
A)  tactical control 
B)  strategic control 
C)  output control 
D)  behavior control 
E)  functional control

Question 14

The ________ encourages executives to look at developmental expenses as being different from expenses required for current operations.

Accepted Answer

A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method 
A)  strategic-funds method 
B)  segmentation method 
C)  long-term evaluation method 
D)  individual evaluation method 
E)  weighted-factor method

Question 15

The inventory turnover ratio is an example of a(n)

Accepted Answer

A)  steering control. 
B)  activity control. 
C)  behavior control. 
D)  output control. 
E)  influencing control. 
A)  steering control. 
B)  activity control. 
C)  behavior control. 
D)  output control. 
E)  influencing control.

Question 16

What company pioneered the concept of benchmarking in the United States?

Accepted Answer

A)  Walmart 
B)  Boeing 
C)  PepsiCo 
D)  Xerox Corp 
E)  Coca Cola 
A)  Walmart 
B)  Boeing 
C)  PepsiCo 
D)  Xerox Corp 
E)  Coca Cola

Question 17

Activity-based costing is a method of accounting which is very useful in making outsourcing decisions by doing

Accepted Answer

A)  total quality management. 
B)  value-chain analysis. 
C)  reengineering. 
D)  MBO. 
E)  benchmarking. 
A)  total quality management. 
B)  value-chain analysis. 
C)  reengineering. 
D)  MBO. 
E)  benchmarking.

Question 18

A study by Bain & Company revealed what percentage of companies using benchmarking in some manner?

Accepted Answer

A)  10% 
B)  30% 
C)  50% 
D)  65% 
E)  90% 
A)  10% 
B)  30% 
C)  50% 
D)  65% 
E)  90%

Question 19

Behavior,output,and input controls are all interchangeable.

Accepted Answer

A) True 
 B)False

Question 20

ERP software provides instant access to critical information to everyone in the organization from the CEO to the factory floor worker.

Accepted Answer

A) True 
 B)False

Walt Disney Company,Dow Chemical,IBM,and General Motors are just some firms in which top management compensation is ________.

Corporations will emphasize output controls when they are following a strategy of

An emphasis on monitoring those few things which must go well to ensure corporate success is reflected in

What is becoming the business information system's global standard?

The evaluation and control process ensures that the company is achieving what it set out to accomplish.

An electronic tagging technology used in a number of companies to improve supply-chain efficiency with contactless communication between devices is

A responsibility center which measures resources in dollars without consideration of service or product costs is called a(n)

Because of the belief that accounting-based numbers such as ROI,ROE,and EPS are not reliable indicators of a corporation's economic value,which method of corporate performance is now preferred?

The ISO 9000 and 14000 Standards Series as a way to objectively document a company's high level of quality operations are examples of

One of the obstacles to effective control is the difficulty in developing appropriate measures of important activities and outputs.

Evaluation and control information consists only of performance data.

Activity-based costing (ABC) is an accounting method for allocating indirect and fixed costs to individual products or product lines based on the value-added activities going into that product.

Which type of control specifies how something is to be done through policies,rules,standard operating procedures,and orders from a superior?

The ________ encourages executives to look at developmental expenses as being different from expenses required for current operations.

The inventory turnover ratio is an example of a(n)

What company pioneered the concept of benchmarking in the United States?

Activity-based costing is a method of accounting which is very useful in making outsourcing decisions by doing

A study by Bain & Company revealed what percentage of companies using benchmarking in some manner?

Behavior,output,and input controls are all interchangeable.

ERP software provides instant access to critical information to everyone in the organization from the CEO to the factory floor worker.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Suggestions for Case Analysis

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Exam 12: Evaluation and Control

Walt Disney Company,Dow Chemical,IBM,and General Motors are just some firms in which top management compensation is ________.

Corporations will emphasize output controls when they are following a strategy of

An emphasis on monitoring those few things which must go well to ensure corporate success is reflected in

What is becoming the business information system's global standard?

The evaluation and control process ensures that the company is achieving what it set out to accomplish.

An electronic tagging technology used in a number of companies to improve supply-chain efficiency with contactless communication between devices is

A responsibility center which measures resources in dollars without consideration of service or product costs is called a(n)

Because of the belief that accounting-based numbers such as ROI,ROE,and EPS are not reliable indicators of a corporation's economic value,which method of corporate performance is now preferred?

The ISO 9000 and 14000 Standards Series as a way to objectively document a company's high level of quality operations are examples of

One of the obstacles to effective control is the difficulty in developing appropriate measures of important activities and outputs.

Evaluation and control information consists only of performance data.

Activity-based costing (ABC) is an accounting method for allocating indirect and fixed costs to individual products or product lines based on the value-added activities going into that product.

Which type of control specifies how something is to be done through policies,rules,standard operating procedures,and orders from a superior?

The ________ encourages executives to look at developmental expenses as being different from expenses required for current operations.

The inventory turnover ratio is an example of a(n)

What company pioneered the concept of benchmarking in the United States?

Activity-based costing is a method of accounting which is very useful in making outsourcing decisions by doing

A study by Bain & Company revealed what percentage of companies using benchmarking in some manner?

Behavior,output,and input controls are all interchangeable.

ERP software provides instant access to critical information to everyone in the organization from the CEO to the factory floor worker.

Basic Concepts in Strategic Management

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Suggestions for Case Analysis

Filters