Question 1

Which of the following is NOT a type of financial budget?

Accepted Answer

A) Cash-flow 
B) Capital expenditure 
C) Balance sheet 
D) Cash 
E) Profit 
A) Cash-flow 
B) Capital expenditure 
C) Balance sheet 
D) Cash 
E) Profit

Question 2

Oshkosh Corp.hired hundreds of workers to meet an order deadline.The employee training process had to adapt.Which of the characteristics of an effective control system did the training system need?

Accepted Answer

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

Question 3

FedEx focuses on top line¾quality and customer satisfaction.UPS focuses on bottom line¾efficiency and cost.They have differences in ____ control.

Accepted Answer

A) operations 
B) organizational 
C) strategic 
D) functional 
E) environmental 
A) operations 
B) organizational 
C) strategic 
D) functional 
E) environmental

Question 4

Sources of cash include sales revenue,short- and long-term loans,the sale of assets,and the issuance of new stock.

Accepted Answer

A) True 
 B)False

Question 5

Internal audits tend to be

Accepted Answer

A) more expensive than external audits. 
B) more specific than external audits. 
C) more political than external audits. 
D) more focused on efficiency. 
E) All of these choices 
A) more expensive than external audits. 
B) more specific than external audits. 
C) more political than external audits. 
D) more focused on efficiency. 
E) All of these choices

Question 6

Participation in a control system

Accepted Answer

A) causes employees to resist control. 
B) is a technique for overcoming resistance to controls. 
C) is a criterion for making a control effective. 
D) is a step in the control process. 
E) is an action taken after evaluation control. 
A) causes employees to resist control. 
B) is a technique for overcoming resistance to controls. 
C) is a criterion for making a control effective. 
D) is a step in the control process. 
E) is an action taken after evaluation control.

Question 7

Deirdre is a freelance editor.She knows how many chapters she needs to edit and approximately how long each chapter takes.She is calculating what she needs to do to meet her next deadline.She is making a ____ budget.

Accepted Answer

A) labor 
B) production 
C) space 
D) balance sheet 
E) capital expenditure 
A) labor 
B) production 
C) space 
D) balance sheet 
E) capital expenditure

Question 8

Multiple standards and information systems provide checks and balances in control and allow the organization to verify the ____________________ of performance indicators.

Accepted Answer

The answer of Multiple standards and information systems provide checks...

Question 9

Because of both their ____________________ and ____________________ associated with international business,global organizations must take an especially pronounced strategic view of their control systems.
or

Accepted Answer

large size

Question 10

What are the characteristics of effective controls?

Accepted Answer

Effective controls are essential for the

Question 11

Explain the purpose of control.

Accepted Answer

The purpose of control is to ensure that

Question 12

External audits examine the efficiency and appropriateness of financial and accounting procedures.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is NOT characteristic of the bureaucratic approach to organizational control?

Accepted Answer

A) Rewards focused on individual performance 
B) Tall organizational structure 
C) Limited employee participation 
D) Reliance on rules and a rigid hierarchy 
E) Reliance on group norms 
A) Rewards focused on individual performance 
B) Tall organizational structure 
C) Limited employee participation 
D) Reliance on rules and a rigid hierarchy 
E) Reliance on group norms

Question 14

As the number of things being controlled by the organization increases,the likelihood that employees will resist those controls tends to decrease.

Accepted Answer

A) True 
 B)False

Question 15

Two major forms of ____________________ control,bureaucratic control and decentralized control,represent opposite ends of a continuum.

Accepted Answer

The answer of Two major forms of ____________________ control,bureaucratic control...

Question 16

What is the MOST important factor in effectively integrating the planning and control functions?

Accepted Answer

A) Set clear objectives 
B) Develop a strategy that eliminates the need for controls 
C) Compare past performance to standards 
D) Ensure that the system is flexible 
E) Provide for controls as plans are developed 
A) Set clear objectives 
B) Develop a strategy that eliminates the need for controls 
C) Compare past performance to standards 
D) Ensure that the system is flexible 
E) Provide for controls as plans are developed

Question 17

Which of the following statements about financial audits is TRUE?

Accepted Answer

A) They are independent appraisals. 
B) They may be internal or external to the organization. 
C) They may be used to monitor accounting, financial, and operating systems within an organization. 
D) They may be conducted on a continual or an intermittent basis. 
E) All of these choices 
A) They are independent appraisals. 
B) They may be internal or external to the organization. 
C) They may be used to monitor accounting, financial, and operating systems within an organization. 
D) They may be conducted on a continual or an intermittent basis. 
E) All of these choices

Question 18

American Greetings Corporation reported that "its sales have been hurt by people increasingly using the Internet to communicate" and by "lower-priced competition including Hallmark's Warm Wishes line of 99-cent cards." As a result,it decided to lay off 13 percent of its full-time workforce.This need for cost-cutting measures would have been detected by its ____ control system.

Accepted Answer

A) operations 
B) organizational 
C) strategic 
D) functional 
E) environmental 
A) operations 
B) organizational 
C) strategic 
D) functional 
E) environmental

Question 19

Postaction control is most appropriate when the

Accepted Answer

A) time between goal setting and attainment is short. 
B) product being produced is nonperishable. 
C) product being produced is simple and routine. 
D) production process is very complicated. 
E) volume of product output is extremely large. 
A) time between goal setting and attainment is short. 
B) product being produced is nonperishable. 
C) product being produced is simple and routine. 
D) production process is very complicated. 
E) volume of product output is extremely large.

Question 20

One purpose of control is to simplify organizations.

Accepted Answer

A) True 
 B)False

Exam 20: Basic Elements of Control

Which of the following is NOT a type of financial budget?

Oshkosh Corp.hired hundreds of workers to meet an order deadline.The employee training process had to adapt.Which of the characteristics of an effective control system did the training system need?

FedEx focuses on top line¾quality and customer satisfaction.UPS focuses on bottom line¾efficiency and cost.They have differences in ____ control.

Sources of cash include sales revenue,short- and long-term loans,the sale of assets,and the issuance of new stock.

Internal audits tend to be

Participation in a control system

Deirdre is a freelance editor.She knows how many chapters she needs to edit and approximately how long each chapter takes.She is calculating what she needs to do to meet her next deadline.She is making a ____ budget.

Multiple standards and information systems provide checks and balances in control and allow the organization to verify the ____________________ of performance indicators.

Because of both their ____________________ and ____________________ associated with international business,global organizations must take an especially pronounced strategic view of their control systems. or

What are the characteristics of effective controls?

Explain the purpose of control.

External audits examine the efficiency and appropriateness of financial and accounting procedures.

Which of the following is NOT characteristic of the bureaucratic approach to organizational control?

As the number of things being controlled by the organization increases,the likelihood that employees will resist those controls tends to decrease.

Two major forms of ____________________ control,bureaucratic control and decentralized control,represent opposite ends of a continuum.

What is the MOST important factor in effectively integrating the planning and control functions?

Which of the following statements about financial audits is TRUE?

Postaction control is most appropriate when the

One purpose of control is to simplify organizations.

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

Filters

Because of both their and associated with international business,global organizations must take an especially pronounced strategic view of their control systems. or