Question 1

Quality control is one type of ____________________ control.

Accepted Answer

The answer of Quality control is one type of ____________________...

Question 2

The ratios that assess the ease with which the assets of the organization can be converted into cash are

Accepted Answer

A) liquidity ratios. 
B) profitability ratios. 
C) debt ratios. 
D) operating ratios. 
E) None of these. 
A) liquidity ratios. 
B) profitability ratios. 
C) debt ratios. 
D) operating ratios. 
E) None of these.

Question 3

Screening controls should be used more frequently as the complexity of the product being produced increases.

Accepted Answer

A) True 
 B)False

Question 4

If Suzlon Energy Ltd.wants to focus on the strength of its wind-turbine division,it will use

Accepted Answer

A) liquidity ratios. 
B) balance sheet ratios. 
C) return on investments. 
D) operating ratios. 
E) debt ratios. 
A) liquidity ratios. 
B) balance sheet ratios. 
C) return on investments. 
D) operating ratios. 
E) debt ratios.

Question 5

Which of the following is the most common means of financial control within organizations?

Accepted Answer

A) Financial statements 
B) Ratio analysis 
C) Budgets 
D) Financial audits 
E) Benchmarking 
A) Financial statements 
B) Ratio analysis 
C) Budgets 
D) Financial audits 
E) Benchmarking

Question 6

All of the following are characteristics of an effective control system EXCEPT

Accepted Answer

A) developed and implemented by top management. 
B) flexibility. 
C) integrated with planning. 
D) accurate. 
E) timely. 
A) developed and implemented by top management. 
B) flexibility. 
C) integrated with planning. 
D) accurate. 
E) timely.

Question 7

Two years after purchasing a home,Victor received a check in the mail from his attorney.An accountant had found a discrepancy.The accountant conducted a(n)

Accepted Answer

A) internal audit. 
B) debt audit. 
C) cash flow audit. 
D) balance audit. 
E) liquidity audit. 
A) internal audit. 
B) debt audit. 
C) cash flow audit. 
D) balance audit. 
E) liquidity audit.

Question 8

Which of the following is NOT a major form of operations control discussed in the text?

Accepted Answer

A) Preliminary 
B) Screening 
C) Postaction 
D) Functional 
E) All of these are major forms of operations control. 
A) Preliminary 
B) Screening 
C) Postaction 
D) Functional 
E) All of these are major forms of operations control.

Question 9

A(n)____________________ is an independent appraisal of an organization's accounting,financial,and operational systems.

Accepted Answer

The answer of A(n)____________________ is an independent appraisal of an...

Question 10

All U.S.companies are required by law to have regular external audits.

Accepted Answer

A) True 
 B)False

Question 11

Buck's Barber Shop plans to earn 80 percent of its income from barbering services and 20 percent of its income from the sale of grooming products.This represents a nonmonetary budget.

Accepted Answer

A) True 
 B)False

Question 12

The University of Michigan develops a budget that shows its projected income from sources such as the state of Michigan,tuition and fees,alumni contributions,and research grants.This is an example of a(n)____ budget.

Accepted Answer

A) operations 
B) capital expenditures 
C) nonmonetary 
D) output 
E) revenue 
A) operations 
B) capital expenditures 
C) nonmonetary 
D) output 
E) revenue

Question 13

Every month,Beau balances his checkbook register.For the last six months,he has found a $25 unexplained difference between his calculation and the bank's calculation.Now his checkbook is $150 out of balance.Beau's control system fulfills its function of limiting the accumulation of error.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following would be viewed as a measure of the firm's ability to meet its long-term financial obligations?

Accepted Answer

A) Debt ratio 
B) Balance sheet ratio 
C) Return on investment 
D) Operating ratio 
E) Liquidity ratio 
A) Debt ratio 
B) Balance sheet ratio 
C) Return on investment 
D) Operating ratio 
E) Liquidity ratio

Question 15

Describe the steps involved in the controlling process.

Accepted Answer

The controlling process involves several

Question 16

Preliminary control can be used with ____ resources.

Accepted Answer

A) human 
B) financial 
C) physical 
D) information 
E) All of these. 
A) human 
B) financial 
C) physical 
D) information 
E) All of these.

Question 17

Johnson & Johnson does not require its various divisions to report in frequently.It believes in letting each manager have the authority to respond quickly to environmental changes.These changes do not have to be approved by Johnson & Johnson before they are implemented.Johnson & Johnson has ____ strategic control.

Accepted Answer

A) bureaucratic 
B) inappropriate 
C) decentralized 
D) formalized 
E) inflexible 
A) bureaucratic 
B) inappropriate 
C) decentralized 
D) formalized 
E) inflexible

Question 18

Anu is comparing the performance of her small landscaping business against the standards she established.When she has finished her comparisons,any of the following actions may be appropriate EXCEPT

Accepted Answer

A) correct deviations as required. 
B) maintain the status quo. 
C) increase the control standards. 
D) decrease the control standards. 
E) eliminate the control standards. 
A) correct deviations as required. 
B) maintain the status quo. 
C) increase the control standards. 
D) decrease the control standards. 
E) eliminate the control standards.

Question 19

Performance appraisals are part of ____ control.

Accepted Answer

A) physical 
B) human resource 
C) information 
D) financial 
E) quality 
A) physical 
B) human resource 
C) information 
D) financial 
E) quality

Question 20

Budgets that express important variables in terms other than ____________________ are called nonmonetary budgets.

Accepted Answer

The answer of Budgets that express important variables in terms...

Quality control is one type of ____________________ control.

The ratios that assess the ease with which the assets of the organization can be converted into cash are

Screening controls should be used more frequently as the complexity of the product being produced increases.

If Suzlon Energy Ltd.wants to focus on the strength of its wind-turbine division,it will use

Which of the following is the most common means of financial control within organizations?

All of the following are characteristics of an effective control system EXCEPT

Two years after purchasing a home,Victor received a check in the mail from his attorney.An accountant had found a discrepancy.The accountant conducted a(n)

Which of the following is NOT a major form of operations control discussed in the text?

A(n)____________________ is an independent appraisal of an organization's accounting,financial,and operational systems.

All U.S.companies are required by law to have regular external audits.

Buck's Barber Shop plans to earn 80 percent of its income from barbering services and 20 percent of its income from the sale of grooming products.This represents a nonmonetary budget.

The University of Michigan develops a budget that shows its projected income from sources such as the state of Michigan,tuition and fees,alumni contributions,and research grants.This is an example of a(n)____ budget.

Every month,Beau balances his checkbook register.For the last six months,he has found a $25 unexplained difference between his calculation and the bank's calculation.Now his checkbook is $150 out of balance.Beau's control system fulfills its function of limiting the accumulation of error.

Which of the following would be viewed as a measure of the firm's ability to meet its long-term financial obligations?

Describe the steps involved in the controlling process.

Preliminary control can be used with ____ resources.

Anu is comparing the performance of her small landscaping business against the standards she established.When she has finished her comparisons,any of the following actions may be appropriate EXCEPT

Performance appraisals are part of ____ control.

Budgets that express important variables in terms other than ____________________ are called nonmonetary budgets.

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Managing Decision Making

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Managing Operations, quality, and Productivity

Filters

Exam 14: Basic Elements of Control

Quality control is one type of ____________________ control.

The ratios that assess the ease with which the assets of the organization can be converted into cash are

Screening controls should be used more frequently as the complexity of the product being produced increases.

If Suzlon Energy Ltd.wants to focus on the strength of its wind-turbine division,it will use

Which of the following is the most common means of financial control within organizations?

All of the following are characteristics of an effective control system EXCEPT

Two years after purchasing a home,Victor received a check in the mail from his attorney.An accountant had found a discrepancy.The accountant conducted a(n)

Which of the following is NOT a major form of operations control discussed in the text?

A(n)____________________ is an independent appraisal of an organization's accounting,financial,and operational systems.

All U.S.companies are required by law to have regular external audits.

Buck's Barber Shop plans to earn 80 percent of its income from barbering services and 20 percent of its income from the sale of grooming products.This represents a nonmonetary budget.

The University of Michigan develops a budget that shows its projected income from sources such as the state of Michigan,tuition and fees,alumni contributions,and research grants.This is an example of a(n)____ budget.

Every month,Beau balances his checkbook register.For the last six months,he has found a $25 unexplained difference between his calculation and the bank's calculation.Now his checkbook is $150 out of balance.Beau's control system fulfills its function of limiting the accumulation of error.

Which of the following would be viewed as a measure of the firm's ability to meet its long-term financial obligations?

Describe the steps involved in the controlling process.

Preliminary control can be used with ____ resources.

Anu is comparing the performance of her small landscaping business against the standards she established.When she has finished her comparisons,any of the following actions may be appropriate EXCEPT

Performance appraisals are part of ____ control.

Budgets that express important variables in terms other than ____________________ are called nonmonetary budgets.

Understanding the Managers Job

The Environment of Organizations and Managers

Planning and Strategic Management

Managing Decision Making

Entrepreneurship and New Venture Management

Organization Structure and Design

Organization Change and Innovation

Managing Human Resources in Organizations

Basic Elements of Individual Behavior in Organizations

Managing Employee Motivation and Performance

Leadership and Influence Processes

Communication in Organizations

Managing Work Groups and Teams

Managing Operations, quality, and Productivity

Filters