Exam 8: Control, Change, and Entrepreneurship

A divisional manager's performance is evaluated on the basis of the difference between the sales revenues generated by that division and the cost of making those goods and services.The divisional manager being evaluated using the _____________ budget approach.

From the information given below,calculate the organization's current ratio. Total Liabilities = $750,000;Current Liabilities = $220,000;Total Assets = $700,000;Current Assets = $176,000

At the output stage,managers use feedforward control to provide information about customers' reactions to goods.

The performance ratio that measures the efficiency of the organization in terms of how well the resources of the organization have been used to generate profit is a(n)_____________ ratio.

The current ratio is an example of a leverage ratio of the organization.

When an organization has a strong and cohesive organizational culture that controls employee attitudes and behaviors,that company has a(n)_____________ culture.

An inert culture is one that controls employee behavior and attitudes through its strong and cohesive organizational culture.

The top managers of an organization typically use a variety of financial indicators to assess the performance of their organizations.Discuss the four major types of financial measures.

In assessing the need for organizational change,managers must:

The process of comparing one company's performance on specific dimensions with the performance of high-performing organizations,to decide how successful a change effort has been is known as:

Organization change can be defined as:

The standard of performance that measures efficiency at the corporate level of the organization is known as:

If an organization's control systems are not designed correctly,an organization may not be able to adapt to a changing environment.

Brandon,the manager of Flipflop Footwear,checked the weekly records and discovered that the number of shoes produced in one week by 20 employees was 250 against the set target of 220 shoes.With reference to the control process,Brandon is:

The formal target-setting,monitoring,evaluation,and feedback systems that provide managers with information about whether the organization's strategy and structure are working efficiently and effectively are known as _____________ systems.

At the output stage,managers usually utilize _____________ control.

Even an effective control system does not give managers enough time to respond to opportunities and threats.

With management by objectives,the first thing established are ___________.

Management by objectives is a mechanism of control with ______________ organizational control systems.

When a manager is told to maximize the revenues from the sales of goods and services produced,this is an example of a(n)_____________ budget approach.