Question 1

The management function which sees to it that the right things happen,in the right way,and at the right time,is known as ________.

Accepted Answer

A) controlling 
B) organizing 
C) planning 
D) leading 
E) staffing 
A) controlling 
B) organizing 
C) planning 
D) leading 
E) staffing

Question 2

Calculate owner's equity from the following information: Expenses $700,000
Return on equity 40%
Total Assets $2,050,000
Sales $1,500,000

Accepted Answer

A) $2,000,000 
B) $800,000 
C) $375,000 
D) $1,250,000 
E) $820,000 
A) $2,000,000 
B) $800,000 
C) $375,000 
D) $1,250,000 
E) $820,000

Question 3

Edwin has been working very hard since the establishment of his retail business.He is not far from the time when his revenues will match his expenses.Which of the following would best represent the time described?

Accepted Answer

A) Just-in-time scheduling 
B) Base period 
C) Monetary overhang 
D) Breakeven point 
E) Buydown 
A) Just-in-time scheduling 
B) Base period 
C) Monetary overhang 
D) Breakeven point 
E) Buydown

Question 4

A bag manufacturing company proposed a selling price of $80 per bag for their new range of bags.Fixed costs are $10,000 and variable costs are $40 per bag.At this point their break even point was 250 units.What will be the breakeven point if the variable costs can be brought down to $30?

Accepted Answer

A) 150 units 
B) 350 units 
C) 300 units 
D) 200 units 
E) 100 units 
A) 150 units 
B) 350 units 
C) 300 units 
D) 200 units 
E) 100 units

Question 5

________ is essentially the influence of customers and competition on the behavior of organizations and their members.

Accepted Answer

A) Normative control 
B) Market control 
C) Clan control 
D) Bureaucratic control 
E) Administrative control 
A) Normative control 
B) Market control 
C) Clan control 
D) Bureaucratic control 
E) Administrative control

Question 6

According to financial controls,liquidity measures ________.

Accepted Answer

A) the ability to meet short-term obligations 
B) the use of debt 
C) asset and inventory efficiency 
D) the ability to earn revenues greater than costs 
E) the ability to operate at minimum cost 
A) the ability to meet short-term obligations 
B) the use of debt 
C) asset and inventory efficiency 
D) the ability to earn revenues greater than costs 
E) the ability to operate at minimum cost

Question 7

Acid Test = ________

Accepted Answer

A) Net Income/Total Assets 
B) Net Income/Owner's Equity 
C) Sales - Expenses 
D) Total Debts/Total Assets 
E) Current Assets - Inventories/Current Liabilities 
A) Net Income/Total Assets 
B) Net Income/Owner's Equity 
C) Sales - Expenses 
D) Total Debts/Total Assets 
E) Current Assets - Inventories/Current Liabilities

Question 8

________ is a function of the controlling process.

Accepted Answer

A) Creating structures 
B) Setting directions 
C) Measuring performances 
D) Allocating resources 
E) Inspiring efforts 
A) Creating structures 
B) Setting directions 
C) Measuring performances 
D) Allocating resources 
E) Inspiring efforts

The management function which sees to it that the right things happen,in the right way,and at the right time,is known as ________.

Calculate owner's equity from the following information: Expenses $700,000 Return on equity 40% Total Assets $2,050,000 Sales $1,500,000

Edwin has been working very hard since the establishment of his retail business.He is not far from the time when his revenues will match his expenses.Which of the following would best represent the time described?

A bag manufacturing company proposed a selling price of $80 per bag for their new range of bags.Fixed costs are $10,000 and variable costs are $40 per bag.At this point their break even point was 250 units.What will be the breakeven point if the variable costs can be brought down to $30?

________ is essentially the influence of customers and competition on the behavior of organizations and their members.

According to financial controls,liquidity measures ________.

Acid Test = ________

________ is a function of the controlling process.

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

The management function which sees to it that the right things happen,in the right way,and at the right time,is known as ________.

Calculate owner's equity from the following information: Expenses $700,000 Return on equity 40% Total Assets $2,050,000 Sales $1,500,000

Edwin has been working very hard since the establishment of his retail business.He is not far from the time when his revenues will match his expenses.Which of the following would best represent the time described?

A bag manufacturing company proposed a selling price of $80 per bag for their new range of bags.Fixed costs are $10,000 and variable costs are $40 per bag.At this point their break even point was 250 units.What will be the breakeven point if the variable costs can be brought down to $30?

________ is essentially the influence of customers and competition on the behavior of organizations and their members.

According to financial controls,liquidity measures ________.

Acid Test = ________

________ is a function of the controlling process.

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