Exam 19: Managerial and Quality Control

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List the stages of the quality circle process.

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1.A team creates a quality circle and collects information.
2.The team selects problems to be solved.
3.The team gathers starter and analyses problems.
4.The team recommends solutions to top management.
5.The decision is made by top management and is fed back to 'Step 2' above.

The systematic process of making activities consistent with standards and goals is called control.

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Quality circles are based on the assumption(s)that:

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Continuous improvement is the implementation of a large number of small,incremental improvements in all areas of the organisation on an ongoing basis.

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The process of measuring your organisational process against the best in the industry is known as:

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_____________________ (three words)is a process in which a lower-level managers budget their departments' resource needs,whereas _____________________ (three words)is a process in which middle and lower-level managers set budget targets in accordance with overall organisational revenues.

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Define what is meant by the term 'total quality management' and identify the various total quality management techniques available to a manager.

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A pre-employment health check regime is an example of:

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An example of a feedforward control would be to survey customers regarding product quality.

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Sharing financial information and results with all employees in the organisation is called ___________________ (two words)management.

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Wallaby TV Corporation sends a post-purchase questionnaire to all consumers who buy their products.They are interested in gathering data on product quality,customer service orientation and customer satisfaction.This is an example of:

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An example of a concurrent control would be to analyse sales per employee per day.

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Associate Professor Knowsmore bought a new laptop for his upcoming conference in Japan.His Head of Department and the department's financial manager alerted Knowsmore that this purchase fell well outside the reasonable range for his expenditure that quarter.What measure of actual performance is being used in this instance?

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A liquidity ratio shows the company's ability to meet its current debt obligations and is a measurement of the organisation's margin of safety.

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According to the feedback control model,feedback can be used to either establish strategic goals,or measure actual performance.

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Total quality management is most consistent with which type of control system?

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A financial statement that shows the organisation's financial position with respect to assets and liabilities at a specific point in time is called a:

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The inspection of raw materials and the analysis of customer surveys are not examples of:

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_______________ is a quality control approach that emphasises the relentless pursuit of high quality and lower costs.

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A zero-based budgeting system is a process that requires a complete justification for every item in the budget.

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