Question 1

The feedback control is the most proactive of controls,and is generally a basis for reactions.

Accepted Answer

A) True 
 B)False

Question 2

One of four top mistakes companies appear to make regarding how to set and use non-financial controls effectively is

Accepted Answer

A) not to link control to customer demands. 
B) failing to validate the link between non-financial control and financial control. 
C) failing to set appropriate performance targets. 
D) failing to set goals too high. 
A) not to link control to customer demands. 
B) failing to validate the link between non-financial control and financial control. 
C) failing to set appropriate performance targets. 
D) failing to set goals too high.

Question 3

The cost of goods sold/sales portion of the income statement shows the cost of products purchased for resale,or the direct labor cost for service.

Accepted Answer

A) True 
 B)False

Question 4

How does one go about identifying non-financial controls? Examples of non-financial performance controls include employee satisfaction,average tenure,turnover,number of production defects,product returns and capacity utilization,new patents,number of employees with higher degrees,new products launched,customer satisfaction,brand power,new products introduced by suppliers,quality of purchased inputs,and the average complaint response time.Medium;Knowledge;Comprehension

Accepted Answer

Examples of non-financial performance co

Question 5

The advantage of breaking out sales and cost of goods sold/sales into separate categories over combining all sales and costs into one category is that this

Accepted Answer

A) enables you to make inventory and sales decisions about each product individually. 
B) enables the P&L statement to show the gross profit. 
C) shows a reasonable return on investment. 
D) maximizes gross profit. 
A) enables you to make inventory and sales decisions about each product individually. 
B) enables the P&L statement to show the gross profit. 
C) shows a reasonable return on investment. 
D) maximizes gross profit.

Question 6

Whereas the scorecard identifies financial and non-financial areas of performance,the second step in the scorecard process is the development of a ______________.

Accepted Answer

The answer of Whereas the scorecard identifies financial and non-financial...

Question 7

Examples of current liabilities include all of the following EXCEPT

Accepted Answer

A) employment. 
B) formulas. 
C) salaries payable. 
D) income and sales tax. 
A) employment. 
B) formulas. 
C) salaries payable. 
D) income and sales tax.

Question 8

Lean organizations strive to improve flow by reducing the size of production batches but in the process,they increase costs.

Accepted Answer

A) True 
 B)False

Question 9

A core principle in the Womack and Jones lean framework is that value must be defined and specified from the _____________ perspective.

Accepted Answer

The answer of A core principle in the Womack and...

Question 10

Cash flow is the most immediate indicator of an impending problem in the firm.

Accepted Answer

A) True 
 B)False

Question 11

Behavior controls and commensurate rewards are typically more appropriate when there are only a few external and internal factors that can affect the relationship between a manager's decisions and organizational performance.False: Behavior controls and commensurate rewards are typically more appropriate when there are many external and internal factors that can affect the relationship between a manager's decisions and organizational performance.Hard;Comprehension

Accepted Answer

A) True 
 B)False

Question 12

Organization researchers have long argued that ______________ is best when those people and areas of the organization that are closest to customers and pockets of uncertainty also have the ability to respond to them.

Accepted Answer

The answer of Organization researchers have long argued that ______________...

Question 13

If $20,000 is made as a down payment and $80,000 is financed with a bank note to buy land and a building,the $80,000 is the

Accepted Answer

A) short term debt. 
B) assets. 
C) accounts receivable. 
D) long-term debt. 
A) short term debt. 
B) assets. 
C) accounts receivable. 
D) long-term debt.

Question 14

The key to operating a profitable business is to maximize your budget.

Accepted Answer

A) True 
 B)False

Question 15

Lean is just another cost-cutting program of the kind we often see in business organizations.

Accepted Answer

A) True 
 B)False

Question 16

Monitoring problems in a way that provides their timely prevention rather than after the fact reaction refers to ______________.

Accepted Answer

proactivit

Question 17

How was HP's extreme form of control turned to indictment on spying on the Board of Directors? The Board of Director's accounts were "hacked" and he claimed a record of his home phone calls were illegally obtained.Chairman Patricia Dunn defended this rather extreme form of control as legal,but the amount of damage to the firm's reputation from these charges led the firm to discontinue the practice.Medium;Knowledge

Accepted Answer

The Board of Director's accounts were "h

Question 18

The _______________ section of the P&L statement is a measurement of all the operating expenses.

Accepted Answer

The answer of The _______________ section of the P&L statement...

Question 19

The only financial statement that managers need to manage their business effectively is the P&L statement.

Accepted Answer

A) True 
 B)False

Question 20

What is lean control? It is a process for measuring and reducing inventory and streamlining production.It is a means for changing the way a company measures plant performance.It is a knowledge-based system.

Accepted Answer

It is a process for measuring

The feedback control is the most proactive of controls,and is generally a basis for reactions.

One of four top mistakes companies appear to make regarding how to set and use non-financial controls effectively is

The cost of goods sold/sales portion of the income statement shows the cost of products purchased for resale,or the direct labor cost for service.

The advantage of breaking out sales and cost of goods sold/sales into separate categories over combining all sales and costs into one category is that this

Whereas the scorecard identifies financial and non-financial areas of performance,the second step in the scorecard process is the development of a ______________.

Examples of current liabilities include all of the following EXCEPT

Lean organizations strive to improve flow by reducing the size of production batches but in the process,they increase costs.

A core principle in the Womack and Jones lean framework is that value must be defined and specified from the _____________ perspective.

Cash flow is the most immediate indicator of an impending problem in the firm.

Organization researchers have long argued that ______________ is best when those people and areas of the organization that are closest to customers and pockets of uncertainty also have the ability to respond to them.

If $20,000 is made as a down payment and $80,000 is financed with a bank note to buy land and a building,the $80,000 is the

The key to operating a profitable business is to maximize your budget.

Lean is just another cost-cutting program of the kind we often see in business organizations.

Monitoring problems in a way that provides their timely prevention rather than after the fact reaction refers to ______________.

The _______________ section of the P&L statement is a measurement of all the operating expenses.

The only financial statement that managers need to manage their business effectively is the P&L statement.

What is lean control? It is a process for measuring and reducing inventory and streamlining production.It is a means for changing the way a company measures plant performance.It is a knowledge-based system.

Introduction to Principles of Management

Personality, Attitudes, and Work Behaviors

History, Globalization, and Values-Based Leadership

Developing Mission, Vision, and Values

Strategizing

Goals and Objectives

Organizational Structure and Change

Organizational Culture

Social Networks

Leading People and Organizations

Decision Making

Communication in Organizations

Managing Groups and Teams

Motivating Employees

Strategic Human Resource Management

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Exam 15: The Essentials of Control

The feedback control is the most proactive of controls,and is generally a basis for reactions.

One of four top mistakes companies appear to make regarding how to set and use non-financial controls effectively is

The cost of goods sold/sales portion of the income statement shows the cost of products purchased for resale,or the direct labor cost for service.

The advantage of breaking out sales and cost of goods sold/sales into separate categories over combining all sales and costs into one category is that this

Whereas the scorecard identifies financial and non-financial areas of performance,the second step in the scorecard process is the development of a ______________.

Examples of current liabilities include all of the following EXCEPT

Lean organizations strive to improve flow by reducing the size of production batches but in the process,they increase costs.

A core principle in the Womack and Jones lean framework is that value must be defined and specified from the _____________ perspective.

Cash flow is the most immediate indicator of an impending problem in the firm.

Organization researchers have long argued that ______________ is best when those people and areas of the organization that are closest to customers and pockets of uncertainty also have the ability to respond to them.

If $20,000 is made as a down payment and $80,000 is financed with a bank note to buy land and a building,the $80,000 is the

The key to operating a profitable business is to maximize your budget.

Lean is just another cost-cutting program of the kind we often see in business organizations.

Monitoring problems in a way that provides their timely prevention rather than after the fact reaction refers to ______________.

The _______________ section of the P&L statement is a measurement of all the operating expenses.

The only financial statement that managers need to manage their business effectively is the P&L statement.

What is lean control? It is a process for measuring and reducing inventory and streamlining production.It is a means for changing the way a company measures plant performance.It is a knowledge-based system.

Introduction to Principles of Management

Personality, Attitudes, and Work Behaviors

History, Globalization, and Values-Based Leadership

Developing Mission, Vision, and Values

Strategizing

Goals and Objectives

Organizational Structure and Change

Organizational Culture

Social Networks

Leading People and Organizations

Decision Making

Communication in Organizations

Managing Groups and Teams

Motivating Employees

Strategic Human Resource Management

Filters