Exam 16: Control: Part B

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The basic control process begins with:

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B

Normative controls should be used when:

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E

The two types of objective controls managers use are:

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E

__________ is the extent to which it is possible to implement each step in the control process.

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__________ is a control method that encourages managers to look beyond traditional measures to evaluate four different perspectives on company performance.

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One significant advantage of economic value added (EVA) is that it clearly specifies what managers should or should not do to improve financial performance.

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In terms of the basic methods of control, __________ control is an improvement over __________ control because it attempts to eliminate or shorten the delay between performance and feedback about the performance.

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Economic value added (EVA) is so important to workers and managers because it:

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In the traditional control systems used at most companies, __________ measures are used to assess performance and influence behavior.

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Benchmarking is the process of setting corporate norms.

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According to the text, which of the following levels of waste minimization produces the greatest minimization of waste?

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Control is a(n) __________ process.

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