Exam 20: Basic Elements of Control

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A college admissions board required students to have certain grade point averages and SAT scores to be accepted at the school.What form of operations control do these requirements represent?

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A year-end sales report is an example of a(n)____________________ control.

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On the end-of-year report for Yoplait yogurt,the division manager noted that "the gross margin for the product was lower than expected." This statement indicates that the control system used by Yoplait might lack

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Organizational control is

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____________________ are intended to serve as frameworks,but managers sometimes fail to recognize that changing circumstances may warrant adjustments.

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Most organizations define areas of control in terms of the four basic types of resources they use: physical,human,____________________ and financial.

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The planning and controlling functions are interrelated.

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The term objective as it relates to controls means that the controls

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Income statements,balance sheets,and audits are examples of the control of

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The expense budget is a type of ____________________ budget that anticipates expenses for the organization during the coming time period.

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At the end of each fiscal year,managers report in their performance report if they are under budget.This is an example of a(n)____control.

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At the beginning of the planning-controlling process,planning

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____________________ budgets focus on such factors as units of output and allocation of space.

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Discuss the relationship between strategy and control for a global organization.

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The last step in the control process is to change the standard.

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The form of organizational control based on informal,organic structural arrangements is ____________________ control.

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An after-action report is a screening control.

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Which of the following is an example of a financial control that allows managers to compare different elements of a balance sheet and income statement to one another?

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____ ratios indicate the effectiveness of specific functional areas rather than that of the total organization.

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Which of the following would NOT be included in the typical balance sheet?

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