MNGT 3810 Revision Exam 5 Questions And Already Passed Answers.
6 views 0 purchase
Course
MNGT 3810
Institution
MNGT 3810
Controls can help managers determine if their strategy is achieving the desired results. What is a major reason why managers would not implement all of the controls that are available?
A: Having too many controls would eliminate the need for managers.
B: Employees don't want their performance mea...
MNGT 3810 Revision Exam 5 Questions
And Already Passed Answers.
Controls can help managers determine if their strategy is achieving the desired results. What is a major
reason why managers would not implement all of the controls that are available?
A: Having too many controls would eliminate the need for managers.
B: Employees don't want their performance measured.
C: Controls are only necessary for the company's primary products.
D: The costs of some controls outweigh their benefits. - Answer D: The costs of some controls outweigh
their benefits.
If Melissa wanted to follow the accomplishments of her financial goals, she could easily compare her
actual spending to her _______________.
A: Total revenue
B: Budget
C: Account balance
D: Tax rate - Answer B. Budget
Put the four steps of organizational control in order. Start with the first step at the top of the list. -
Answer 1. Establish standards
2. Measure performance
3. Compare performance to standards (expectations)
4. Take corrective actions as necessary
Two key types of organizational controls, _________ controls allow managers to step back and look at
the big picture and make sure all the pieces of the picture are correctly aligned, while ____________
controls function within the framework established by the strategy that provide the goals, objectives,
and standards for major subsystems within the organization. - Answer strategic; operational
, What type of controls involve the process of monitoring and adjusting ongoing activities and processes in
real-time in order to prevent problems from becoming worse?
A: Process
B: Strategic
C: Concurrent
D: Organizational - Answer C:Concurrent
What type of controls involves gathering information about a completed activity, evaluating that
information, and taking steps to improve similar activities in the future?
A: Concurrent
B: Feedback
C: Operational
D: Behavioral - Answer B: Feedback
The __________ summarizes all financial activity that occurred over a designated period of time.
A: statement of cash flows
B: balance sheet
C: income statement
D: budget - Answer C: income statement
The __________ is a snapshot of the business's financial position at a specific point in time. It identifies
what the business owns and what it owes.
A: balance sheet
B: income statement
C: budget
D: statement of cash flows - Answer A: balance sheet
__________ are a way for banks, investors, and other key stakeholders to understand the firm's financial
health.
A: Employee satisfaction surverys
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller COCOSOLUTIONS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
