Question 1

In their best-selling book, Lean Thinking, Womack and Jones identified all of the following principles of lean EXCEPT

Accepted Answer

A)  define value from the customer's perspective. 
B)  describe the value stream for each product or service. 
C)  define the muda in every business activity. 
D)  strive for continuous improvement. 
A)  define value from the customer's perspective. 
B)  describe the value stream for each product or service. 
C)  define the muda in every business activity. 
D)  strive for continuous improvement.

Question 2

Proactivity, or _______________ control, can be defined as the monitoring of problems in a way that provides their timely prevention, rather than after the fact reaction.

Accepted Answer

The answer of Proactivity, or _______________ control, can be defined...

Question 3

Outcome controls are effective when there's little external interference between managerial decision making on the one hand and business performance on the other.

Accepted Answer

A) True 
 B)False

Question 4

________________ may be bank notes or loans made to purchase the business's fixed asset structure.

Accepted Answer

The answer of ________________ may be bank notes or loans...

Question 5

Well-designed, organizational controls can provide benefits such as

Accepted Answer

A)  responsive costs. 
B)  culture and reputation costs. 
C)  direct and indirect financial costs. 
D)  better ability to manage uncertainty and complexity. 
A)  responsive costs. 
B)  culture and reputation costs. 
C)  direct and indirect financial costs. 
D)  better ability to manage uncertainty and complexity.

Question 6

Across the different types of controls in terms of level of proactivity and outcome versus behavioral, controls can take on which form(s)?

Accepted Answer

A)  financial and non-financial 
B)  financial 
C)  non-financial 
D)  strategic 
A)  financial and non-financial 
B)  financial 
C)  non-financial 
D)  strategic

Question 7

An example of variable expenses includes

Accepted Answer

A)  employee wages. 
B)  contractual agreements. 
C)  internet connections charges. 
D)  legal retainer services. 
A)  employee wages. 
B)  contractual agreements. 
C)  internet connections charges. 
D)  legal retainer services.

Question 8

The _______________ is a snapshot of the business's financial position at a certain point in time.

Accepted Answer

The answer of The _______________ is a snapshot of the...

Question 9

Lean is so named because it purports to use much less of certain resources than is used by normal mass-production systems to produce comparable output.

Accepted Answer

A) True 
 B)False

Question 10

The ultimate objective of lean is the avoidance of ____________, or wasteful activity.

Accepted Answer

The answer of The ultimate objective of lean is the...

Question 11

Behavioral controls are typically more appropriate when the actions of individuals can be clearly tied to the organization's performance.

Accepted Answer

A) True 
 B)False

Question 12

Examples of feedback control include preventive maintenance on machinery and equipment and due diligence on investments.

Accepted Answer

A) True 
 B)False

Question 13

Culture and reputation costs might include a damaged relationship with employees.

Accepted Answer

A) True 
 B)False

Question 14

Recognizing that organizational controls can be categorized in many ways, it is helpful to distinguish between two sets of controls: strategic controls and employee controls.

Accepted Answer

A) True 
 B)False

Question 15

Current liabilities are those coming due in the long term.

Accepted Answer

A) True 
 B)False

Question 16

What are some of the common mistakes that organizations make in their control procedures?

Accepted Answer

These mistakes include failure to use no

Question 17

Assets show the results of the organization's operations, such as revenues, expenses, and profit or loss.

Accepted Answer

A) True 
 B)False

Question 18

The ______________ was originally introduced to integrate financial and non-financial controls in a way that provided an understanding of the determinants of firm performance.

Accepted Answer

The answer of The ______________ was originally introduced to integrate...

Question 19

_____________ controls are generally preferable performance can be measured through tangible performance metrics.

Accepted Answer

The answer of _____________ controls are generally preferable performance can...

Question 20

______________ control involves the management of a firm's cost and expenses in order to control them in relation to budgeted amounts.

Accepted Answer

The answer of ______________ control involves the management of a...

In their best-selling book, Lean Thinking, Womack and Jones identified all of the following principles of lean EXCEPT

Proactivity, or _______________ control, can be defined as the monitoring of problems in a way that provides their timely prevention, rather than after the fact reaction.

Outcome controls are effective when there's little external interference between managerial decision making on the one hand and business performance on the other.

________________ may be bank notes or loans made to purchase the business's fixed asset structure.

Well-designed, organizational controls can provide benefits such as

Across the different types of controls in terms of level of proactivity and outcome versus behavioral, controls can take on which form(s)?

An example of variable expenses includes

The _______________ is a snapshot of the business's financial position at a certain point in time.

Lean is so named because it purports to use much less of certain resources than is used by normal mass-production systems to produce comparable output.

The ultimate objective of lean is the avoidance of ____________, or wasteful activity.

Behavioral controls are typically more appropriate when the actions of individuals can be clearly tied to the organization's performance.

Examples of feedback control include preventive maintenance on machinery and equipment and due diligence on investments.

Culture and reputation costs might include a damaged relationship with employees.

Recognizing that organizational controls can be categorized in many ways, it is helpful to distinguish between two sets of controls: strategic controls and employee controls.

Current liabilities are those coming due in the long term.

What are some of the common mistakes that organizations make in their control procedures?

Assets show the results of the organization's operations, such as revenues, expenses, and profit or loss.

The ______________ was originally introduced to integrate financial and non-financial controls in a way that provided an understanding of the determinants of firm performance.

_____________ controls are generally preferable performance can be measured through tangible performance metrics.

______________ control involves the management of a firm's cost and expenses in order to control them in relation to budgeted amounts.

Introduction to Principles of Management

History, Trends, Globalization, and Ethics

Personality, Attitudes, and Work Behaviors

Developing Mission, Vision, and Values

Strategic Management

Goals and Objectives

Organizational Structure and Change

Organizational Culture

Leading People and Organizations

Decision Making

Communication in Organizations

Managing Groups and Teams

Motivating Employees

Strategic Human Resource Management

Filters

Exam 14: The Essentials of Control

In their best-selling book, Lean Thinking, Womack and Jones identified all of the following principles of lean EXCEPT

Proactivity, or _______________ control, can be defined as the monitoring of problems in a way that provides their timely prevention, rather than after the fact reaction.

Outcome controls are effective when there's little external interference between managerial decision making on the one hand and business performance on the other.

________________ may be bank notes or loans made to purchase the business's fixed asset structure.

Well-designed, organizational controls can provide benefits such as

Across the different types of controls in terms of level of proactivity and outcome versus behavioral, controls can take on which form(s)?

An example of variable expenses includes

The _______________ is a snapshot of the business's financial position at a certain point in time.

Lean is so named because it purports to use much less of certain resources than is used by normal mass-production systems to produce comparable output.

The ultimate objective of lean is the avoidance of ____________, or wasteful activity.

Behavioral controls are typically more appropriate when the actions of individuals can be clearly tied to the organization's performance.

Examples of feedback control include preventive maintenance on machinery and equipment and due diligence on investments.

Culture and reputation costs might include a damaged relationship with employees.

Recognizing that organizational controls can be categorized in many ways, it is helpful to distinguish between two sets of controls: strategic controls and employee controls.

Current liabilities are those coming due in the long term.

What are some of the common mistakes that organizations make in their control procedures?

Assets show the results of the organization's operations, such as revenues, expenses, and profit or loss.

The ______________ was originally introduced to integrate financial and non-financial controls in a way that provided an understanding of the determinants of firm performance.

_____________ controls are generally preferable performance can be measured through tangible performance metrics.

______________ control involves the management of a firm's cost and expenses in order to control them in relation to budgeted amounts.

Introduction to Principles of Management

History, Trends, Globalization, and Ethics

Personality, Attitudes, and Work Behaviors

Developing Mission, Vision, and Values

Strategic Management

Goals and Objectives

Organizational Structure and Change

Organizational Culture

Leading People and Organizations

Decision Making

Communication in Organizations

Managing Groups and Teams

Motivating Employees

Strategic Human Resource Management

Filters