Exam 13: Fundamentals of Controlling

During manufacture,Stephen notices the indicator light on one of the machines in the assembly line flashing red.He immediately recognizes this as an indication of a problem with the machine and intervenes to fix it.Which of the following control mechanisms does this scenario best exemplify?

Identify an accurate statement about time factor control mechanisms.

Intangible standards are targets for results that have physical form.

Which of the following statements is true about the managerial function of controlling?

For control mechanisms to work effectively,they need to be understandable,timely,suitable,economical,indicational,and flexible.

Which of the following best exemplifies feedback control?

When controls are confusing or too sophisticated for employees,a supervisor should:

Time standards are absolute and beyond dispute since they are bound by an objective,fixed measurement: the hands of the clock.

Cost and revenue data are usually reported to the supervisor by his or her subordinate employees in the department.

Without spot checking,supervisors have no control mechanisms to monitor performance.

Once the budget is approved by higher-level management,supervisors have no more contact with it or interest in it until the next budget cycle.

At Best Facilities Inc.,industrial engineers were brought to the assembly line to observe production and to identify ways to improve,eliminate,change,or combine steps to make the job easier and more efficient.This is an example of what type of study?

What is an advantage and disadvantage of zero-base budgeting?

Control mechanisms should indicate who or what is responsible for a deviation and where the deviation occurred.

Which of the following is an example of concurrent control?

In a motion study,engineers analyze how a job is performed to identify ways to improve,eliminate,change,or combine steps to make the job easier and faster.

Some firms have loosened certain controls only to find they need to tighten them up or return to the original controls that had been abandoned.

Which of the following statements is true of a time study?

Tangible standards can measure all of the following EXCEPT:

Most annual budgets are projections for the following year based on the previous year's budget.