Exam 14: The Essentials of Control

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

(Short Answer)

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Question 61

The process of monitoring and adjusting ongoing activities and processes is known as ________________ control.

(Short Answer)

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Question 62

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

(Multiple Choice)

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Question 63

The lean principle that directly challenges the traditional "batch-and-queue" model of manufacturing is called ___________.

(Short Answer)

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Question 64

__________________ are defined as controls where non-financial performance outcomes are measured.

(Short Answer)

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Question 65

Transportation is a cost with no added value.

(True/False)

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Question 66

Examples of current liabilities include all of the following EXCEPT

(Multiple Choice)

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Question 67

______________ is the production or acquisition of items before they are actually required.

(Short Answer)

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Question 68

An example of financial __________ is the fact that organizations are often required to perform and report the results of a financial audit.

(Short Answer)

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Question 69

Profit and cash flow mean the same thing in the short run.

(True/False)

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Question 70

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

(True/False)

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Question 71

Describe what is typically included in an overall budget.

(Essay)

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Question 72

A business's noncurrent assets would be those that have a useful life of more than one year.

(True/False)

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Question 73

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

(True/False)

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Question 74

What is lean control

(Essay)

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Question 75

____________ is a system of non-financial controls used to improve product and service quality and decrease waste.

(Short Answer)

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Question 76

_________________ control is concerned with tracking the strategy as it is being implemented, detecting any problem areas or potential problem areas.

(Short Answer)

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Question 77

Organizations often use only one non-financial control with the assumption that it will cascade down to bottom-line financial performance.

(True/False)

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Question 78

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

(True/False)

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Question 79

What comprises the cash flow statement

(Essay)

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Question 80

Showing 61 - 80 of 108

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

The process of monitoring and adjusting ongoing activities and processes is known as ________________ control.

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

The lean principle that directly challenges the traditional "batch-and-queue" model of manufacturing is called ___________.

__________________ are defined as controls where non-financial performance outcomes are measured.

Transportation is a cost with no added value.

Examples of current liabilities include all of the following EXCEPT

______________ is the production or acquisition of items before they are actually required.

An example of financial __________ is the fact that organizations are often required to perform and report the results of a financial audit.

Profit and cash flow mean the same thing in the short run.

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

Describe what is typically included in an overall budget.

A business's noncurrent assets would be those that have a useful life of more than one year.

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

What is lean control

____________ is a system of non-financial controls used to improve product and service quality and decrease waste.

_________________ control is concerned with tracking the strategy as it is being implemented, detecting any problem areas or potential problem areas.

Organizations often use only one non-financial control with the assumption that it will cascade down to bottom-line financial performance.

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

What comprises the cash flow statement

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

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