Question 1

Through ________ control,managers can manage in ways that allow and expect people to control their own behavior.

Accepted Answer

A) normative 
B) internal 
C) regulatory 
D) clan 
E) bureaucratic 
A) normative 
B) internal 
C) regulatory 
D) clan 
E) bureaucratic

Question 2

Bag-a-jute,a jute bag manufacturing company,checks the consistency and quality of all the raw materials before forwarding them to the production department.This is done to ensure that the bags produced are tough and strong.Which of the following types of control is being implemented by Bag-a-jute?

Accepted Answer

A) Feedback control 
B) Output control 
C) Throughput control 
D) Concurrent control 
E) Feedforward control 
A) Feedback control 
B) Output control 
C) Throughput control 
D) Concurrent control 
E) Feedforward control

Question 3

Which of the following is the control equation?

Accepted Answer

A) Need for Action = Desired Performance - Actual Performance 
B) Breakeven Point = Fixed Costs - Price - Variable Costs) 
C) Acid Test = Current Assets - Inventories/Current Liabilities 
D) Debt Ratio = Total Debts/Total Assets 
E) Net Income = Sales - Expenses 
A) Need for Action = Desired Performance - Actual Performance 
B) Breakeven Point = Fixed Costs - Price - Variable Costs) 
C) Acid Test = Current Assets - Inventories/Current Liabilities 
D) Debt Ratio = Total Debts/Total Assets 
E) Net Income = Sales - Expenses

Question 4

The critical path is the pathway from project start to conclusion that involves activities with the longest completion times.

Accepted Answer

A) True 
 B)False

Question 5

After establishing standards of performance,which of the following is the next step in the control process?

Accepted Answer

A) Identifying the key results 
B) Comparing results with standards 
C) Comparing results with objectives 
D) Implementing management by exception 
E) Measuring the actual performance 
A) Identifying the key results 
B) Comparing results with standards 
C) Comparing results with objectives 
D) Implementing management by exception 
E) Measuring the actual performance

Question 6

Calculate net income from the following information: ROA =35%
Sales = $250,000
Current assets = $30,000
Fixed assets = $70,000

Accepted Answer

A) $87,500 
B) $35,000 
C) $10,500 
D) $24,500 
E) $15,000 
A) $87,500 
B) $35,000 
C) $10,500 
D) $24,500 
E) $15,000

Question 7

In the context of financial controls,asset management refers to the ability to ________.

Accepted Answer

A) use resources efficiently and operate at minimum cost 
B) earn more in returns than the cost of debt 
C) earn revenues greater than costs 
D) meet short-term obligations 
E) generate cash to pay bills 
A) use resources efficiently and operate at minimum cost 
B) earn more in returns than the cost of debt 
C) earn revenues greater than costs 
D) meet short-term obligations 
E) generate cash to pay bills

Question 8

A shoe manufacturing company produced 300,000 pairs of shoes at the end of a certain month.If the need for action was 150,000 pairs of shoes,calculate the desired performance using the control equation.

Accepted Answer

A) 650,000 
B) 150,000 
C) 250,000 
D) 450,000 
E) 750,000 
A) 650,000 
B) 150,000 
C) 250,000 
D) 450,000 
E) 750,000

Question 9

The feedback provided by the control process about mistakes already made may not be able to correct them,but it can help improve things in the future.

Accepted Answer

A) True 
 B)False

Question 10

Calculate the debt ratio from the following information. Land and building = $500,000
Machinery = $300,000
Cash in hand = $400,000
Total debts = $300,000

Accepted Answer

A) 3:4 
B) 1:4 
C) 2:3 
D) 2:2 
E) 1:3 
A) 3:4 
B) 1:4 
C) 2:3 
D) 2:2 
E) 1:3

Question 11

________ control is also known as steering control.

Accepted Answer

A) Feedback 
B) Post-action 
C) Concurrent 
D) Feedforward 
E) Preliminary 
A) Feedback 
B) Post-action 
C) Concurrent 
D) Feedforward 
E) Preliminary

Question 12

Planning ensures that performance is consistent with plans,and that accomplishments throughout an organization are coordinated in a means-ends fashion.

Accepted Answer

A) True 
 B)False

Question 13

The CFO of a company wanted to analyze the financial strength of his company.He specifically asked for information on the company's assets and liabilities.Which of the following would provide the necessary information?

Accepted Answer

A) Income statement 
B) Balance sheet 
C) Balanced scorecard 
D) Gantt chart 
E) Breakeven analysis account 
A) Income statement 
B) Balance sheet 
C) Balanced scorecard 
D) Gantt chart 
E) Breakeven analysis account

Question 14

Which of the following is true of clan control?

Accepted Answer

A) It influences behavior through norms and expectations set by the organizational culture. 
B) It uses budgets for personnel,equipment,travel expenses,and the like to keep behavior targeted within set limits. 
C) It flows through the organization's hierarchy of authority. 
D) It refers to the influence of customers and competition on the behavior of organizations and their members. 
E) It gives people freedom to work on their own. 
A) It influences behavior through norms and expectations set by the organizational culture. 
B) It uses budgets for personnel,equipment,travel expenses,and the like to keep behavior targeted within set limits. 
C) It flows through the organization's hierarchy of authority. 
D) It refers to the influence of customers and competition on the behavior of organizations and their members. 
E) It gives people freedom to work on their own.

Question 15

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

Accepted Answer

A) Enforcing authority,policies,procedures,job descriptions,budgets,and day-to-day supervision to make sure that people act in harmony with organizational interests 
B) Ensuring participative organizational cultures in which everyone treats each other with respect and consideration 
C) Preparing budgets for personnel,equipment,travel expenses,and the like to keep behavior targeted within set limits 
D) Influencing behavior through norms and expectations set by the organizational culture 
E) Harnessing the power of group cohesiveness and collective identity 
A) Enforcing authority,policies,procedures,job descriptions,budgets,and day-to-day supervision to make sure that people act in harmony with organizational interests 
B) Ensuring participative organizational cultures in which everyone treats each other with respect and consideration 
C) Preparing budgets for personnel,equipment,travel expenses,and the like to keep behavior targeted within set limits 
D) Influencing behavior through norms and expectations set by the organizational culture 
E) Harnessing the power of group cohesiveness and collective identity

Question 16

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

Accepted Answer

A) Output control 
B) Concurrent control 
C) Preliminary control 
D) Feedback control 
E) Post-action control 
A) Output control 
B) Concurrent control 
C) Preliminary control 
D) Feedback control 
E) Post-action control

Question 17

________ control is also known as preliminary control.

Accepted Answer

A) Concurrent 
B) Steering 
C) Feedback 
D) Feedforward 
E) Throughput 
A) Concurrent 
B) Steering 
C) Feedback 
D) Feedforward 
E) Throughput

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Oodle 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?

Accepted Answer

A) 7500 units 
B) 3000 units 
C) 4000 units 
D) 6500 units 
E) 3500 units 
A) 7500 units 
B) 3000 units 
C) 4000 units 
D) 6500 units 
E) 3500 units

Question 20

Calculate return on equity from the following information: Sales = $400,000
Expenses = $100,000
Debts incurred = $120,000
Owner's equity = $180,000

Accepted Answer

A) 2:3 
B) 3:2 
C) 5:3 
D) 4:5 
E) 5:1 
A) 2:3 
B) 3:2 
C) 5:3 
D) 4:5 
E) 5:1

Through ________ control,managers can manage in ways that allow and expect people to control their own behavior.

Bag-a-jute,a jute bag manufacturing company,checks the consistency and quality of all the raw materials before forwarding them to the production department.This is done to ensure that the bags produced are tough and strong.Which of the following types of control is being implemented by Bag-a-jute?

Which of the following is the control equation?

The critical path is the pathway from project start to conclusion that involves activities with the longest completion times.

After establishing standards of performance,which of the following is the next step in the control process?

Calculate net income from the following information: ROA =35% Sales = $250,000 Current assets = $30,000 Fixed assets = $70,000

In the context of financial controls,asset management refers to the ability to ________.

A shoe manufacturing company produced 300,000 pairs of shoes at the end of a certain month.If the need for action was 150,000 pairs of shoes,calculate the desired performance using the control equation.

The feedback provided by the control process about mistakes already made may not be able to correct them,but it can help improve things in the future.

Calculate the debt ratio from the following information. Land and building = $500,000 Machinery = $300,000 Cash in hand = $400,000 Total debts = $300,000

________ control is also known as steering control.

Planning ensures that performance is consistent with plans,and that accomplishments throughout an organization are coordinated in a means-ends fashion.

The CFO of a company wanted to analyze the financial strength of his company.He specifically asked for information on the company's assets and liabilities.Which of the following would provide the necessary information?

Which of the following is true of clan control?

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

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

________ control is also known as preliminary control.

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

Oodle 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?

Calculate return on equity from the following information: Sales = $400,000 Expenses = $100,000 Debts incurred = $120,000 Owner's equity = $180,000

Introducing Management

Management Learning Past to Present

Ethics and Social Responsibility

Environment, innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision Making

Planning Processes and Techniques

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Operations and Services Management

Filters

Exam 9: Control Processes and Systems

Through ________ control,managers can manage in ways that allow and expect people to control their own behavior.

Bag-a-jute,a jute bag manufacturing company,checks the consistency and quality of all the raw materials before forwarding them to the production department.This is done to ensure that the bags produced are tough and strong.Which of the following types of control is being implemented by Bag-a-jute?

Which of the following is the control equation?

The critical path is the pathway from project start to conclusion that involves activities with the longest completion times.

After establishing standards of performance,which of the following is the next step in the control process?

Calculate net income from the following information: ROA =35% Sales = $250,000 Current assets = $30,000 Fixed assets = $70,000

In the context of financial controls,asset management refers to the ability to ________.

A shoe manufacturing company produced 300,000 pairs of shoes at the end of a certain month.If the need for action was 150,000 pairs of shoes,calculate the desired performance using the control equation.

The feedback provided by the control process about mistakes already made may not be able to correct them,but it can help improve things in the future.

Calculate the debt ratio from the following information. Land and building = $500,000 Machinery = $300,000 Cash in hand = $400,000 Total debts = $300,000

________ control is also known as steering control.

Planning ensures that performance is consistent with plans,and that accomplishments throughout an organization are coordinated in a means-ends fashion.

The CFO of a company wanted to analyze the financial strength of his company.He specifically asked for information on the company's assets and liabilities.Which of the following would provide the necessary information?

Which of the following is true of clan control?

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

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

________ control is also known as preliminary control.

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

Oodle 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?

Calculate return on equity from the following information: Sales = $400,000 Expenses = $100,000 Debts incurred = $120,000 Owner's equity = $180,000

Introducing Management

Management Learning Past to Present

Ethics and Social Responsibility

Environment, innovation, and Sustainability

Global Management and Cultural Diversity

Entrepreneurship and New Ventures

Information and Decision Making

Planning Processes and Techniques

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Human Resource Management

Leading and Leadership Development

Individual Behavior

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Operations and Services Management

Filters