Question 1

Briefly describe how controls are classified according to level.Give examples of each type.

Accepted Answer

Controls are classified according to level as follows:

1. Administrative Controls: These controls are implemented through policies, procedures, and guidelines. They are designed to manage and reduce risk by controlling the behavior of individuals within an organization. Examples include security awareness training, access control policies, and employee background checks.

2. Technical Controls: These controls are implemented through technology and automation. They are designed to protect systems and data from unauthorized access and misuse. Examples include firewalls, encryption, antivirus software, and intrusion detection systems.

3. Physical Controls: These controls are implemented through physical measures to protect assets, facilities, and resources. They are designed to prevent unauthorized access and protect against theft, damage, or loss. Examples include locks, security cameras, access control systems, and biometric scanners.

Each type of control plays a critical role in managing and reducing risk within an organization, and a combination of all three types is often necessary to provide comprehensive protection.

Question 2

A(n)____________________ is a plan expressed in numerical terms.

Accepted Answer

budget

Question 3

Which of the following is NOT a characteristic of effective controls?

Accepted Answer

A) Flexibility 
B) Accuracy 
C) Accountability 
D) Timeliness 
E) Objectivity 
A) Flexibility 
B) Accuracy 
C) Accountability 
D) Timeliness 
E) Objectivity C

Question 4

Control should be linked with ____________________.

Accepted Answer

The answer of Control should be linked with ____________________....

Question 5

Politicians transform information from many sources into decisions about policies for the area they govern.When politicians follow poll results during legislative debate,the politicians are using ____ control.

Accepted Answer

A) preliminary 
B) screening 
C) postaction 
D) cybernetic 
E) feedback 
A) preliminary 
B) screening 
C) postaction 
D) cybernetic 
E) feedback

Question 6

Describe the role of feedback in the control process.

Accepted Answer

Feedback plays a crucial role in the con

Question 7

____________________ is the regulation of organizational activities in such a way as to facilitate goal attainment.

Accepted Answer

The answer of ____________________ is the regulation of organizational activities...

Question 8

A target against which subsequent performance will be compared is a(n)____________________.

Accepted Answer

The answer of A target against which subsequent performance will...

Question 9

Describe the steps in the control process.

Accepted Answer

The control process involves several ste

Question 10

A properly designed control system can help management anticipate,monitor,and respond to changing circumstances.

Accepted Answer

A) True 
 B)False

Question 11

At the end of the control process there are three possible courses of action.Describe them.

Accepted Answer

The three possible courses of action at

Question 12

Would you rather work in a company with bureaucratic or decentralized control? Why?

Accepted Answer

I would rather work in a company with de

Question 13

A(n)____ ratio is a measure of the firm's ability to meet its long-term financial obligations.

Accepted Answer

A) liquidity 
B) income 
C) activity 
D) operating 
E) debt 
A) liquidity 
B) income 
C) activity 
D) operating 
E) debt

Question 14

A production manager argues that the increase in absenteeism is caused by decreased recruiting and placement standards.The argument is supported by personnel documents.This is an example of

Accepted Answer

A) overcoming resistance to control. 
B) overcontrol. 
C) objectivity. 
D) participation. 
E) checks and balances. 
A) overcoming resistance to control. 
B) overcontrol. 
C) objectivity. 
D) participation. 
E) checks and balances.

Question 15

Screening controls

Accepted Answer

A) take place during the transformation process. 
B) involve interviewing potential employees. 
C) are the same as preliminary control. 
D) determine organizational flexibility. 
E) determine accuracy of organizational standards. 
A) take place during the transformation process. 
B) involve interviewing potential employees. 
C) are the same as preliminary control. 
D) determine organizational flexibility. 
E) determine accuracy of organizational standards.

Question 16

____ ratios assess the ease with which the assets of the organization can be converted into cash.

Accepted Answer

A) Liquidity 
B) Profitability 
C) Debt 
D) Operating 
E) Activity 
A) Liquidity 
B) Profitability 
C) Debt 
D) Operating 
E) Activity

Question 17

The credit crisis and the Federal Reserve's response to it faced criticism from Congress.The Treasury Department requested a review of the central bank's structure and governance.There is now broad support for auditing the Fed using the Government Accountability Office.The change in the economic and political environment of the Fed means the Fed needs to adapt its ____ control.

Accepted Answer

A) structural 
B) hierarchical 
C) strategic 
D) managerial 
E) operations 
A) structural 
B) hierarchical 
C) strategic 
D) managerial 
E) operations

Question 18

An operating budget is a budget that determines the number of units to be produced during the coming time period.

Accepted Answer

A) True 
 B)False

Question 19

After comparing performance against control standards managers should never change the standard.

Accepted Answer

A) True 
 B)False

Question 20

Audits are independent appraisals of an organization's ____________________ and operating systems.

Accepted Answer

The answer of Audits are independent appraisals of an organization's...

Exam 20: Basic Elements of Control

Briefly describe how controls are classified according to level.Give examples of each type.

A(n)____________________ is a plan expressed in numerical terms.

Which of the following is NOT a characteristic of effective controls?

Control should be linked with ____________________.

Politicians transform information from many sources into decisions about policies for the area they govern.When politicians follow poll results during legislative debate,the politicians are using ____ control.

Describe the role of feedback in the control process.

____________________ is the regulation of organizational activities in such a way as to facilitate goal attainment.

A target against which subsequent performance will be compared is a(n)____________________.

Describe the steps in the control process.

A properly designed control system can help management anticipate,monitor,and respond to changing circumstances.

At the end of the control process there are three possible courses of action.Describe them.

Would you rather work in a company with bureaucratic or decentralized control? Why?

A(n)____ ratio is a measure of the firm's ability to meet its long-term financial obligations.

A production manager argues that the increase in absenteeism is caused by decreased recruiting and placement standards.The argument is supported by personnel documents.This is an example of

Screening controls

____ ratios assess the ease with which the assets of the organization can be converted into cash.

An operating budget is a budget that determines the number of units to be produced during the coming time period.

After comparing performance against control standards managers should never change the standard.

Audits are independent appraisals of an organization's ____________________ and operating systems.

Managing and the Managers Job

Traditional and Contemporary Issues and Challenges

The Environment and Culture of Organizations

The Ethical and Social Environment

The Global Environment

The Multicultural Environment

Basic Elements of Planning and Decision Making

Managing Strategy and Strategic Planning

Managing Decision Making and Problem Solving

Managing New Venture Formation and Entrepreneurship

Basic Elements of Organizing

Managing Organization Design

Managing Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Managing Operations, Quality, and Productivity

Managing Information and Information Technology

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