Exam 16: Control

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_____ occurs when behavior and work procedures do not conform to standards.

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_____ is the process of identifying outstanding practices, processes, and standards in other companies and adapting them to your company.

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Darius runs a recruitment agency. He believes that employment empowers people to lead better lives. His employees also share the same belief. Darius trains his employees to find the right candidates for the clients. Likewise, his employees derive satisfaction by helping candidates find their dream jobs. This scenario illustrates that Darius uses _____.

(Multiple Choice)
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_____ predict how changes in businesses will affect their ability to take in more money than they pay out.

(Multiple Choice)
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The accountants at Global Finances can take work home for as many days as they like as long as their spreadsheets are up to date and accurate. This scenario illustrates that Global Finances uses _____.

(Multiple Choice)
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Leonel owns a luxury car showroom. He hires staff members who are communicative and pleasant and possess knowledge on the cars they are selling. His employees share the same love for cars as him. This scenario illustrates that Leonel uses _____.

(Multiple Choice)
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The fourth and lowest level of sustainability is waste disposal.

(True/False)
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Colby runs a start-up that sells seasonal holiday packages. He leads a team of 10 people. Every time his customers are happy with the package created for them, he rewards his employees with shopping vouchers. However, if they break rules or do not comply with the company's policies, he reduces their incentives. In this scenario, Colby is using _____.

(Multiple Choice)
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_____ are calculations typically used to track a business's liquidity, efficiency, and profitability over time compared to other businesses in its industry.

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_____ is the extent to which it is possible to implement each step in the control process.

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_____ are the costs associated with implementing or maintaining control.

(Multiple Choice)
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Lia runs a day care center. She is very particular about the kind of attention her staff lends to the children who come to the day care center. She hires employees who love children and are capable of taking care of them with utmost patience. Her employees are attentive, proactive, and sensitive to the needs of the children. This scenario illustrates that Lia uses _____.

(Multiple Choice)
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Unlike output control, behavior control _____.

(Multiple Choice)
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Identify a difference between feedforward control and feedback control?

(Multiple Choice)
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Credit card issuers have lost billions from stolen credit card numbers hacked via the credit card swipe machines used in retail stores. As a result, they have _____.

(Multiple Choice)
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Which of the following statements is true of bureaucratically controlled companies?

(Multiple Choice)
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Managers who use bureaucratic control are known to:

(Multiple Choice)
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Identify a true statement about a self-control system.

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The CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's _____.

(Multiple Choice)
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Economic value added (EVA) is the same thing as profits.

(True/False)
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