Question 1

The price charged by one unit for a good or service provided to another unit within the organization is referred to as a(n) _____ price.

Accepted Answer

A) substitute 
B) transfer 
C) department 
D) organizational 
E) budget 
A) substitute 
B) transfer 
C) department 
D) organizational 
E) budget

Question 2

While doing an external audit of a potential distribution partner, Darius uncovered some serious legal problems that could cause trouble for his company if it goes through with the deal. Darius's external audit provided essential _____ control.

Accepted Answer

A) feedforward 
B) concurrent 
C) clan 
D) market 
E) feedback 
A) feedforward 
B) concurrent 
C) clan 
D) market 
E) feedback

Question 3

Explain the processes of internal and external audits.

Accepted Answer

The answer of Explain the processes of internal and external...

Question 4

Three key categories of financial ratios are liquidity, leverage, and profitability.

Accepted Answer

A) True 
 B)False

Question 5

Empowerment is important in organizations today because

Accepted Answer

A) the nature of management has changed. 
B) employees' jobs have become less challenging. 
C) employees are more concerned about pay. 
D) labor unions are growing. 
E) of the increasing role of technology. 
A) the nature of management has changed. 
B) employees' jobs have become less challenging. 
C) employees are more concerned about pay. 
D) labor unions are growing. 
E) of the increasing role of technology.

Question 6

Which of the following statements about six sigma is true?

Accepted Answer

A) Six sigma was developed at the Ford Company during the 1970s. 
B) The lower the sigma number, the lower the level of defects. 
C) Six sigma is designed only to reduce product defects. 
D) Six sigma indicates how often defects in a process are likely to occur. 
E) Six sigma always improves the bottom line. 
A) Six sigma was developed at the Ford Company during the 1970s. 
B) The lower the sigma number, the lower the level of defects. 
C) Six sigma is designed only to reduce product defects. 
D) Six sigma indicates how often defects in a process are likely to occur. 
E) Six sigma always improves the bottom line.

Question 7

Which of the following is not an element of bureaucratic control?

Accepted Answer

A) Rules 
B) Exchange relationships 
C) Authority 
D) Budgets 
E) Performance appraisals 
A) Rules 
B) Exchange relationships 
C) Authority 
D) Budgets 
E) Performance appraisals

Question 8

There are three broad strategies for achieving organizational control. Describe these strategies and provide an example of each.

Accepted Answer

The answer of There are three broad strategies for achieving...

Question 9

With market control, the activities of an organization are regulated through the use of

Accepted Answer

A) rules, regulations, and formal authority. 
B) budgets, statistical reports, and performance appraisals. 
C) shared values, expectations, and goals. 
D) pricing mechanisms and economic information. 
E) real-time monitoring and fine tuning. 
A) rules, regulations, and formal authority. 
B) budgets, statistical reports, and performance appraisals. 
C) shared values, expectations, and goals. 
D) pricing mechanisms and economic information. 
E) real-time monitoring and fine tuning.

Question 10

An evaluation conducted by one organization on another organization is referred to as a(n) _____ audit.

Accepted Answer

A) external 
B) competitive 
C) comparative 
D) intrinsic 
E) parallel 
A) external 
B) competitive 
C) comparative 
D) intrinsic 
E) parallel

Question 11

On which of the following would Emily be working?

Accepted Answer

A) Balance sheet 
B) Assets 
C) Liabilities 
D) Stockholders' equity 
E) Profit and loss statement 
A) Balance sheet 
B) Assets 
C) Liabilities 
D) Stockholders' equity 
E) Profit and loss statement

Question 12

Discuss the role of six sigma as a quality control tool.

Accepted Answer

The answer of Discuss the role of six sigma as...

Question 13

The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences is referred to as ____.

Accepted Answer

A) activity-based costing 
B) budgetary auditing 
C) budgetary control 
D) financial audits 
E) budget planning 
A) activity-based costing 
B) budgetary auditing 
C) budgetary control 
D) financial audits 
E) budget planning

Question 14

Brian is preparing a budget that shows the company's expected sales receipts and expenditures for the year, a projection of how much cash will be available each month, and the extent of outside financing the company might need. This is a _____ budget.

Accepted Answer

A) capital 
B) cash 
C) cost 
D) production 
E) sales 
A) capital 
B) cash 
C) cost 
D) production 
E) sales

Question 15

With bureaucratic control, business units are treated as profit centers, and their managers are evaluated based on profit and loss.

Accepted Answer

A) True 
 B)False

Question 16

On which of the following will Nadia be working?

Accepted Answer

A) Balance sheet 
B) Assets 
C) Liabilities 
D) Stockholders' equity 
E) Profit and loss statement 
A) Balance sheet 
B) Assets 
C) Liabilities 
D) Stockholders' equity 
E) Profit and loss statement

Question 17

On the balance sheet, the values of the various items a corporation owns are referred to as ____.

Accepted Answer

A) liabilities 
B) debts 
C) budgets 
D) assets 
E) savings 
A) liabilities 
B) debts 
C) budgets 
D) assets 
E) savings

Question 18

The Midwest Digital Training Center has begun a new system of allocating costs according to the tasks their employees perform and the amount of time they spend on the particular tasks. This practice is referred to as ____.

Accepted Answer

A) unit-based accounting 
B) time-based auditing 
C) task accounting 
D) activity-based costing 
E) allocation costing 
A) unit-based accounting 
B) time-based auditing 
C) task accounting 
D) activity-based costing 
E) allocation costing

Question 19

The debt-equity ratio is an example of a _____ ratio.

Accepted Answer

A) net working capital 
B) profitability 
C) leverage 
D) current 
E) liquidity 
A) net working capital 
B) profitability 
C) leverage 
D) current 
E) liquidity

Question 20

Motivating employees and setting benchmarks are two of the reasons to _____.

Accepted Answer

A) detect performance deviations 
B) analyze market forces 
C) correct problems 
D) increase bureaucracy 
E) establish performance standards 
A) detect performance deviations 
B) analyze market forces 
C) correct problems 
D) increase bureaucracy 
E) establish performance standards

The price charged by one unit for a good or service provided to another unit within the organization is referred to as a(n) _____ price.

While doing an external audit of a potential distribution partner, Darius uncovered some serious legal problems that could cause trouble for his company if it goes through with the deal. Darius's external audit provided essential _____ control.

Explain the processes of internal and external audits.

Three key categories of financial ratios are liquidity, leverage, and profitability.

Empowerment is important in organizations today because

Which of the following statements about six sigma is true?

Which of the following is not an element of bureaucratic control?

There are three broad strategies for achieving organizational control. Describe these strategies and provide an example of each.

With market control, the activities of an organization are regulated through the use of

An evaluation conducted by one organization on another organization is referred to as a(n) _____ audit.

On which of the following would Emily be working?

Discuss the role of six sigma as a quality control tool.

The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences is referred to as ____.

Brian is preparing a budget that shows the company's expected sales receipts and expenditures for the year, a projection of how much cash will be available each month, and the extent of outside financing the company might need. This is a _____ budget.

With bureaucratic control, business units are treated as profit centers, and their managers are evaluated based on profit and loss.

On which of the following will Nadia be working?

On the balance sheet, the values of the various items a corporation owns are referred to as ____.

The Midwest Digital Training Center has begun a new system of allocating costs according to the tasks their employees perform and the amount of time they spend on the particular tasks. This practice is referred to as ____.

The debt-equity ratio is an example of a _____ ratio.

Motivating employees and setting benchmarks are two of the reasons to _____.

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, Corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managing Technology and Innovation

Creating and Leading Change

Filters

Exam 16: Managerial Control

The price charged by one unit for a good or service provided to another unit within the organization is referred to as a(n) _____ price.

While doing an external audit of a potential distribution partner, Darius uncovered some serious legal problems that could cause trouble for his company if it goes through with the deal. Darius's external audit provided essential _____ control.

Explain the processes of internal and external audits.

Three key categories of financial ratios are liquidity, leverage, and profitability.

Empowerment is important in organizations today because

Which of the following statements about six sigma is true?

Which of the following is not an element of bureaucratic control?

There are three broad strategies for achieving organizational control. Describe these strategies and provide an example of each.

With market control, the activities of an organization are regulated through the use of

An evaluation conducted by one organization on another organization is referred to as a(n) _____ audit.

On which of the following would Emily be working?

Discuss the role of six sigma as a quality control tool.

The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences is referred to as ____.

Brian is preparing a budget that shows the company's expected sales receipts and expenditures for the year, a projection of how much cash will be available each month, and the extent of outside financing the company might need. This is a _____ budget.

With bureaucratic control, business units are treated as profit centers, and their managers are evaluated based on profit and loss.

On which of the following will Nadia be working?

On the balance sheet, the values of the various items a corporation owns are referred to as ____.

The Midwest Digital Training Center has begun a new system of allocating costs according to the tasks their employees perform and the amount of time they spend on the particular tasks. This practice is referred to as ____.

The debt-equity ratio is an example of a _____ ratio.

Motivating employees and setting benchmarks are two of the reasons to _____.

Managing and Performing

The External and Internal Environments

Managerial Decision Making

Planning and Strategic Management

Ethics, Corporate Responsibility, and Sustainability

International Management

Entrepreneurship

Organization Structure

Organizational Agility

Human Resources Management

Managing the Diverse Workforce

Leadership

Motivating for Performance

Teamwork

Communicating

Managing Technology and Innovation

Creating and Leading Change

Filters