Exam 9: Control Processes and Systems

Traxer shoes launches baby shoes at a price of $10 per unit. The fixed costs are $15,000 and variable costs are $5 per unit. What sales volume is required to break even?

In utilizing an engineering approach to compare desired and actual performance, a manager will ___.

Calculate the net income if the net margin is 75% and sales are $160,000.

Which of the following statements about internal and external control is/are accurate?

Controlling is a four-step process that includes establishing objectives, measuring actual performance, comparing results with objectives and standards, and taking corrective action as needed.

Shaun, a production manager at Taxener Inc., receives a complaint from the company's employees that raw materials were being used in an unorganized manner leading to production delays. Which of the following techniques will help Shaun to organize the flow of raw materials for production?

For control purposes, which of the following in not an important financial aspect of organizational performance?

Why would organizations wish to implement a system like the balanced scorecard?

The best example of laws governing the behaviour of top executives is the Tavares-Moxley Act of 2004.

Which of the following statements provides an accurate description of financial ratios?

Gantt charts are useful only for long-term, very complex projects.

When performance results compared to objectives are less than desired, a performance opportunity exists.

A manager spots and corrects problems in the manufacturing cycle. Which of the following types of control does the manager practice?

Which of the following increases the potential for self-control?

If a company begins to get variable publicity for its business practices, a competitive advantage may exist which is an example of

Shift supervisors working alongside employees, constantly observing and intervening with immediate corrective action when something is not done properly, is an example of ___ control.

The best example of a law which governs the behaviour of top executives is the Sarbanes-Oxley Act.

When a hair stylist at a salon asks a customer if she liked their services after a haircut, the hair stylist is engaging in ___ control.

The goal of an opportunity situation is to increase or to continue the high level of accomplishment in the future.

Controlling is the process of setting directions and allocating resources in an organization.