Exam 15: Managing Quality and Performance

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Define organizational control.

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What is benchmarking?

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A quality circle is a group of __________ volunteer employees.

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__________ involves assigning dedicated personnel within a particular functional area of the business to identify opportunities for improvement throughout the work process.

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__________ control uses cultural values, traditions, shared beliefs, and trust to foster generate compliance with organizational goals.

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At LBK Industries, responsibility for quality control rests with a team of quality control inspectors and supervisors rather than with employees.LBK uses which of the following types of organizational control?

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The four major perspectives of the balanced scorecard are customer service, external business processes, financial performances, and the organization's capacity for learning and growth.

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Brad is a department manager at Home Theater, Inc.His sole role in the budget process is to implement the budget that is developed for him.This is an example of _______.

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The D of Six Sigma's DMAIC stands for _______.

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What are quality circles and what advantages do they offer?

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Identify and describe three approaches to budgeting.

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A __________ ratio measures internal performance with respect to key activities defined by management.

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List five factors associated with the success of total quality management programs.

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Stella, a systems manager for a large technology company, would like to get an understanding of her company's financial position with respect to assets and liabilities at the end of the fiscal year.To which of the following should she refer?

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What is the basic assumption of the hierarchical control method?

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Too much emphasis on close electronic monitoring can damage employee trust, create unhealthy levels of stress for employees, and hurt performance

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Compare hierarchical control with decentralized control.

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Most organizations measure and control performance using qualitative financial measures.

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When __________ deviates from a __________, managers must interpret the deviation.

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What is an expense budget and why is it important?

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