Question 1

Entrepreneurship ends once a new business has been founded.

Accepted Answer

A) True 
 B)False

Question 2

The financial ratio that measures how well the managers of the organization are creating value from the organization's assets is the _____________ ratio.

Accepted Answer

A)  leverage 
B)  liquidity 
C)  profit 
D)  current 
E)  activity 
A)  leverage 
B)  liquidity 
C)  profit 
D)  current 
E)  activity

Question 3

Danny,the manager of Wader Shoes,installed new machinery to speed up the production process after the assigned targets were not achieved for the third week of the month.With regard to the control process,Danny is:

Accepted Answer

A)  establishing the standards of performance. 
B)  measuring the actual level of performance of employees. 
C)  comparing the actual performance against chosen standards of performance. 
D)  evaluating the result of the set standards. 
E)  initiating corrective actions. 
A)  establishing the standards of performance. 
B)  measuring the actual level of performance of employees. 
C)  comparing the actual performance against chosen standards of performance. 
D)  evaluating the result of the set standards. 
E)  initiating corrective actions.

Question 4

An organization's net income before taxes divided by its total assets is known as operating profit.

Accepted Answer

A) True 
 B)False

Question 5

The managers of Foodex,a fast food restaurant,record outputs on a daily basis by counting how many customers their employees serve,the time each transaction takes,and how much money each customer spends every day.With reference to the control process,the managers of Foodex are:

Accepted Answer

A)  establishing the standards of performance. 
B)  measuring the actual level of performance of employees. 
C)  comparing the actual performance against chosen standards of performance. 
D)  evaluating the result of the set standards. 
E)  initiating corrective actions. 
A)  establishing the standards of performance. 
B)  measuring the actual level of performance of employees. 
C)  comparing the actual performance against chosen standards of performance. 
D)  evaluating the result of the set standards. 
E)  initiating corrective actions.

Question 6

The use of bureaucratic control in an organization typically enhances creativity and learning.

Accepted Answer

A) True 
 B)False

Question 7

The control system that managers use at the conversion stage of transforming raw materials into finished goods is _____________ control.

Accepted Answer

A)  feedforward 
B)  bureaucratic 
C)  concurrent 
D)  feedback 
E)  MBO 
A)  feedforward 
B)  bureaucratic 
C)  concurrent 
D)  feedback 
E)  MBO

Question 8

All organizations make use of bureaucratic control methods in their dealings with the employees of the organization.This type of control system can,however,create problems for the subordinates.Discuss these types of problems and explain what an organization's managers can do to reduce these types of problems within the organization.

Accepted Answer

Problems associated with bureaucratic co

Question 9

Top-down change can co-opt resistance to change from employees.

Accepted Answer

A) True 
 B)False

Question 10

The process by which managers monitor and regulate the organization in order to determine if the organization is operating efficiently and effectively is known as planning.

Accepted Answer

A) True 
 B)False

Question 11

The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organization from the sale of its products or services is the _____________ ratio.

Accepted Answer

A)  debt-to-assets 
B)  quick 
C)  current 
D)  days sales outstanding 
E)  profit 
A)  debt-to-assets 
B)  quick 
C)  current 
D)  days sales outstanding 
E)  profit

Question 12

Entrepreneurship is the:

Accepted Answer

A)  evolutionary approach to change in which managers at all levels work together to develop a detailed plan for change. 
B)  process of comparing one company's performance on specific dimensions with the performance of other,high-performing organizations. 
C)  process in which employees of existing organizations who notice opportunities for product or service improvements are responsible for managing the development process. 
D)  mobilization of resources to take advantage of an opportunity to provide customers with new or improved goods and services. 
E)  process whereby managers regulate how efficiently an organization and its members are performing the activities necessary to achieve organizational goals. 
A)  evolutionary approach to change in which managers at all levels work together to develop a detailed plan for change. 
B)  process of comparing one company's performance on specific dimensions with the performance of other,high-performing organizations. 
C)  process in which employees of existing organizations who notice opportunities for product or service improvements are responsible for managing the development process. 
D)  mobilization of resources to take advantage of an opportunity to provide customers with new or improved goods and services. 
E)  process whereby managers regulate how efficiently an organization and its members are performing the activities necessary to achieve organizational goals.

Question 13

The final step in the control process is to:

Accepted Answer

A)  evaluate the results and initiate corrective action. 
B)  measure actual performance. 
C)  establish the standards of performance. 
D)  compare actual performance to the standards. 
E)  measure the standards of performance. 
A)  evaluate the results and initiate corrective action. 
B)  measure actual performance. 
C)  establish the standards of performance. 
D)  compare actual performance to the standards. 
E)  measure the standards of performance.

Question 14

Calculate the current ratio of the organization from the information given below.
Sales = $200,000;Gross Profit = $40,000;Total Assets = $450,000;Current Assets = $250,000;Current Liabilities = $300,000

Accepted Answer

A)  0.44 
B)  0.56 
C)  0.67 
D)  0.83 
E)  1.2 
A)  0.44 
B)  0.56 
C)  0.67 
D)  0.83 
E)  1.2

Question 15

Organizational change affects organizational structure but not organizational culture.

Accepted Answer

A) True 
 B)False

Question 16

Output control methods are effective in motivating employees,but behavior control methods are not.

Accepted Answer

A) True 
 B)False

Question 17

Top-down change is more gradual and evolutionary than a bottom-up change.

Accepted Answer

A) True 
 B)False

Question 18

When a divisional manager is evaluated based on the operating income of his division,this is an example of a(n)_____________ budget approach.

Accepted Answer

A)  cash flow 
B)  capital 
C)  revenue 
D)  expense 
E)  profit 
A)  cash flow 
B)  capital 
C)  revenue 
D)  expense 
E)  profit

Question 19

Using the controlling function,managers monitor and evaluate the organization's strategy to evaluate whether it is working as intended.

Accepted Answer

A) True 
 B)False

Question 20

A standard of performance that measures efficiency at the functional level is operating costs.

Accepted Answer

A) True 
 B)False

Entrepreneurship ends once a new business has been founded.

The financial ratio that measures how well the managers of the organization are creating value from the organization's assets is the _____________ ratio.

Danny,the manager of Wader Shoes,installed new machinery to speed up the production process after the assigned targets were not achieved for the third week of the month.With regard to the control process,Danny is:

An organization's net income before taxes divided by its total assets is known as operating profit.

The managers of Foodex,a fast food restaurant,record outputs on a daily basis by counting how many customers their employees serve,the time each transaction takes,and how much money each customer spends every day.With reference to the control process,the managers of Foodex are:

The use of bureaucratic control in an organization typically enhances creativity and learning.

The control system that managers use at the conversion stage of transforming raw materials into finished goods is _____________ control.

Top-down change can co-opt resistance to change from employees.

The process by which managers monitor and regulate the organization in order to determine if the organization is operating efficiently and effectively is known as planning.

The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organization from the sale of its products or services is the _____________ ratio.

Entrepreneurship is the:

The final step in the control process is to:

Calculate the current ratio of the organization from the information given below. Sales = $200,000;Gross Profit = $40,000;Total Assets = $450,000;Current Assets = $250,000;Current Liabilities = $300,000

Organizational change affects organizational structure but not organizational culture.

Output control methods are effective in motivating employees,but behavior control methods are not.

Top-down change is more gradual and evolutionary than a bottom-up change.

When a divisional manager is evaluated based on the operating income of his division,this is an example of a(n)_____________ budget approach.

Using the controlling function,managers monitor and evaluate the organization's strategy to evaluate whether it is working as intended.

A standard of performance that measures efficiency at the functional level is operating costs.

The Management Process Today

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Planning, Strategy, and Competitive Advantage

Designing Organizational Structure

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

Filters

Exam 8: Control, Change, and Entrepreneurship

Entrepreneurship ends once a new business has been founded.

The financial ratio that measures how well the managers of the organization are creating value from the organization's assets is the _____________ ratio.

Danny,the manager of Wader Shoes,installed new machinery to speed up the production process after the assigned targets were not achieved for the third week of the month.With regard to the control process,Danny is:

An organization's net income before taxes divided by its total assets is known as operating profit.

The managers of Foodex,a fast food restaurant,record outputs on a daily basis by counting how many customers their employees serve,the time each transaction takes,and how much money each customer spends every day.With reference to the control process,the managers of Foodex are:

The use of bureaucratic control in an organization typically enhances creativity and learning.

The control system that managers use at the conversion stage of transforming raw materials into finished goods is _____________ control.

Top-down change can co-opt resistance to change from employees.

The process by which managers monitor and regulate the organization in order to determine if the organization is operating efficiently and effectively is known as planning.

The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organization from the sale of its products or services is the _____________ ratio.

Entrepreneurship is the:

The final step in the control process is to:

Calculate the current ratio of the organization from the information given below. Sales = $200,000;Gross Profit = $40,000;Total Assets = $450,000;Current Assets = $250,000;Current Liabilities = $300,000

Organizational change affects organizational structure but not organizational culture.

Output control methods are effective in motivating employees,but behavior control methods are not.

Top-down change is more gradual and evolutionary than a bottom-up change.

When a divisional manager is evaluated based on the operating income of his division,this is an example of a(n)_____________ budget approach.

Using the controlling function,managers monitor and evaluate the organization's strategy to evaluate whether it is working as intended.

A standard of performance that measures efficiency at the functional level is operating costs.

The Management Process Today

Values, Attitudes, Emotions, and Culture: The Manager As a Person

Managing Ethics and Diversity

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

Planning, Strategy, and Competitive Advantage

Designing Organizational Structure

Motivation

Leaders and Leadership

Effective Team Management

Building and Managing Human Resources

Communication and Information Technology Management

Operations Management: Managing Vital Operations and Processes

Filters