Exam 6: Controls and Control Systems: What Gets Measured Happens

__________ control occurs through self-discipline and self-control.

Control that focuses on what is happening during work in process is called __________ control.

__________ objectives document intentions to accomplish personal growth, such as expanded job knowledge or skills.

__________ is the process of measuring performance and taking action to ensure desired results.

__________ is the process of measuring performance and taking action to ensure desired results.

The most important step in the control process is __________.*

Which of the following is controlled by feedback controls?

The "foundation" of any control system is measuring performance and:

MBO requires the managers to give employees a list of objectives.

__________ control is the influence of competition on the behavior of organizations and their members.

__________ is the ability to earn revenues greater than costs.

The place where losses end and profits begin is known as the __________ point.

Define the three types of time related controls and their relationship to work inputs, work throughputs, and work outputs.

__________ management makes sure that specific activities required to complete a project are planned well and accomplished on time.

The function of EOQ is to hold down both order costs and inventory costs.

__________ comparisons use past experience as a basis for evaluating current performance.

Describe the process for setting up an MBO system.

__________ control influences behavior through norms and expectations set by the organization's culture.

The goals set in an MBO process should be:

Discuss breakeven analysis. What is its intent? How is it calculated?