Exam 20: Basic Elements of Control

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Overcontrol is most problematic in areas dealing with ____ resources.

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Tasking a subordinate who does not complain about work instead of a subordinate who complains all the time,can hurt control by ____________________.

(Short Answer)
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When Boeing bought the aviation parts and services company Aviall,it stated that it expected to have no initial change in earnings and the following year a modest gain.It was

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A(n)____ is a financial statement that lists all of the organization's assets and liabilities at a given point in time.

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____ control is an approach to organizational control characterized by informal and organic structural arrangements.

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The ____ budgets are organizational budgets that outline quantities of product/service to be produced and what resources will be used.

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Businesses that use H-form or M-form organizational design may have several ____ who are responsible for helping line managers with their control functions,for coordinating the organization's overall control system,and for gathering and assimilating relevant information.

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Operations controls monitor input,transformation,and output.

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____________________ control is concerned with how elements of the organization's structure are serving their intended purpose.

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Control provides an organization with a mechanism for adjusting its course if performance falls outside of acceptable boundaries.

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As much as possible,standards established for control purposes should reflect the goals of the organization.

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Many contemporary organizations do not allow managers to participate in the budget process.

(True/False)
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Internal audits are not as effective as external audits.

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Financial resource controls are interrelated with the control of all other organizational resources.

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Briefly describe the strengths and weaknesses of budgeting.

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Which of the following is NOT one of the characteristics of an effective control system?

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The ____ at McDonald's fast-food restaurants is to fill each order within 90 seconds and to have no customer wait longer than 3.5 minutes.

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According to the text,what are the two broad schemes by which controls can be classified?

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Controls applied to screen employees before they are hired are called ____________________ controls.

(Short Answer)
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Internal audits examine the efficiency and appropriateness of financial and accounting procedures.

(True/False)
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