Exam 16: Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

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Which of the following is a frequent barrier to effective measurement?

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A sales forecast is an example of an organizational control from the _____ area.

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The physical area of organizational control includes buildings, equipment, and tangible products.

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Only incremental changes in the budget request are reviewed in incremental budgeting.

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Paying attention to the feedback is important because of its dynamic nature while progressing through the steps in the control process.

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Define these terms: financial statement, balance sheet, income statement, ratio analysis. Describe four types of financial ratios and explain the use of each.

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Strategic control is monitoring performance to ensure that strategic plans are being implemented and taking corrective action as needed.

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Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.

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A control standard, or performance standard (or simply standard), is the desired performance level for a given goal.

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Kara was required to take a word-processing test as part of her application for an executive assistant position. This control is part of the ______ area.

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Explain the four perspectives of the balanced scorecard and how a balanced scorecard is related to a strategy map.

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Which of the following is not a common characteristic of successful control systems?

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What are the four mechanisms that contribute to the success of measurement-managed companies?

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Explain the six areas of organizational control.

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A capital expenditures budget anticipates investments in major assets such as land, buildings, and major equipment.

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A principle of Deming management is that quality should be aimed at meeting the needs and expectations of the ultimate user.

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Reduced cycle time means an increase in steps in a work process.

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One advantage with incremental budgets is that they are flexible in meeting environmental demands.

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What is control, what is its purpose, and why do organizations need it?

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List, define and describe the four types of financial controls.

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