Exam 20: Basic Elements of Control

Politicians transform information from many sources into decisions about policies for the area they govern.When politicians "float an idea" by having a staff member leak it to the press to gauge reaction,the politician's staff is using ____ control.

If objective data are available,they will provide more useful information than will mere subjective impressions.

The last step in the control process is to

The ____ shows an organization's bottom line (profit or loss)and summarizes activities over a period of time.

Where would you expect to find the following information: "XYZ Corporation has $746 million in assets and $593 million in liabilities on October 1,2012?"

At Dell,running the computer before shipment is a(n)____________________ control.

____ control is a form of organizational control characterized by formal and mechanistic structural arrangements.

The calculation of one or more financial ratios to assess some aspect of the organization's financial health is the ____________________ analysis.

Secretary of Defense,Gates,shifted the pentagon's budget from expensive,high tech weapon systems to timely,responsive systems.Small defense contractors were more responsive to the change and won more contracts.In this case ____ control helped the small companies.

Some managers at J.P.Morgan Chase viewed the CEO monitoring all of their expenses as too much involvement.They saw it as

To what part of a system are preliminary controls applied?

Identify the different types of controls.

GE is highly leveraged.Financial analysts look at its ____ ratio to determine if it can make interest payments.

Cody Kretsinger was charged with a computer breach at Sony Pictures Entertainment.User data was stolen.Hackers now threaten companies of all sizes and require constant security updates.This example illustrates how a control system can be used to

The most common controls are screening controls.

As the product being produced becomes more complex,which of the following types of operations controls would logically become more important?

To the extent possible,standards used for control purposes should be derived from

Toyota is designing a new car.At the same time it is planning the recycling abilities of the parts.Toyota is effectively integrating planning and control processes.