Question 1

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

Accepted Answer

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 A

Question 2

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

Accepted Answer

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 B

Question 3

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

Accepted Answer

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 D

Question 4

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

Accepted Answer

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

Question 5

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

Accepted Answer

A)   Strategic
B)   Tactical
C)   Operational
D)   Foundation
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).

Accepted Answer

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

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

Accepted Answer

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 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

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 11

The controlling function only links the planning and organizing managerial functions

Accepted Answer

A) True 
 B)False

Question 12

Control measures should be subjective and open to interpretation.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

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 14

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.

Accepted Answer

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

Question 15

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

Accepted Answer

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

Question 16

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

Accepted Answer

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.

Accepted Answer

A) True 
 B)False

Exam 10: Controlling and Budgeting in Public Health Organizations

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

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

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

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

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

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

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

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

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

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

The controlling function only links the planning and organizing managerial functions

Control measures should be subjective and open to interpretation.

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

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.

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

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

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