Deck 10: Controlling and Budgeting in Public Health Organizations

Question 1

What is the purpose of the controlling function in an organization?

A) Provide feedback to the organization in relation to performance toward established goals
B) Manage balance sheet accuracy for the CFO
C) To create strategic planning documents
D) Contribute to the operational plan for the COO
E) None of the above answers are correct

Answer 1

A

Question 2

The controlling function only links the planning and organizing managerial functions

Answer 2

False

Question 3

This step in the control process required organizations to think about how they are collecting information related to their daily activities.

A) Establish Performance Standards
B) Measure Actual Performance
C) Variance Analysis
D) Plan and Implement Corrective Action if necessary
E) None of the above answers are correct

Answer 3

B

Question 4

This step in the control process is critical to managers and their ability to control organizational performance and take corrective actions in the future.

A) Establish Performance Standards
B) Measure Actual Performance
C) Variance Analysis
D) Plan and Implement Corrective Action if necessary
E) None of the above answers are correct

Question 5

This step in the control process is where a determination is made on if collective action is necessary.

A) Establish Performance Standards
B) Measure Actual Performance
C) Variance Analysis
D) Plan and Implement Corrective Action if necessary
E) None of the above answers are correct

Question 6

This step in the control process allows managers the ability to compare performance at various intervals (e.g. daily, weekly, monthly, quarterly, or annually).

A) Establish Performance Standards
B) Measure Actual Performance
C) Variance Analysis
D) Plan and Implement Corrective Action if necessary
E) None of the above answers are correct

Question 7

Control measures should be subjective and open to interpretation.

Question 8

Organizations with strong controls are able to enhance and decentralize decision-making.

Question 9

Which of the following is accurate related to the benefit of controlling activities?

A) Legal compliance is ensured
B) Increased financial stability
C) Reduced efficiency
D) Improved communication
E) None of the above answers are correct

Question 10

Controlling activities do not consume a lot of resources (time and capital).

Question 11

This type of control is the process by which managers assure resources are obtained and used effectively and efficiently in the accomplishment of objectives.

A) Strategic
B) Tactical
C) Operational
D) Foundation
E) None of the above answers are correct

Question 12

This type of control is the process of deciding on objectives of the organization, on changes on these objectives, and resources used to obtain them.

A) Strategic
B) Tactical
C) Operational
D) Foundation
E) None of the above answers are correct

Question 13

This type of control is concerned with internal efficiency and how the organizations systems and processes are working.

A) Strategic
B) Tactical
C) Operational
D) Foundation
E) None of the above answers are correct

Question 14

The key metrics included in this document are assets, liabilities, and shareholder's equity.

A) Statement of operations
B) Balance sheet
C) Statement of cash flows
D) Statement of shareholder's equity
E) None of the above answers are correct

Question 15

This statement reports ownership changes for a defined period of time, quarterly or yearly.

A) Statement of operations
B) Balance sheet
C) Statement of cash flows
D) Statement of shareholder's equity
E) None of the above answers are correct

Question 16

This statement includes three sections: cash from operating activities, cash from investing activities, and cash from financing activities.

A) Statement of operations
B) Balance sheet
C) Statement of cash flows
D) Statement of shareholder's equity
E) None of the above answers are correct

Question 17

Revenues for public health organizations will be found on the statement of operations.