Exam 10: Managerial Controls

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In the control process, to what factor is actual performance compared in order to properly assess the situation?

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Information Controls Computing Solutions Ltd is a high-tech consulting firm that focuses on helping companies to implement and adapt new technological developments in daily operations.Ted is the department head and needs to train John and Kelly, both project managers, on the proper applications of technological solutions for businesses. -Refer to Information Controls (Scenario).Ted also informs John and Kelly that the term ________ in MIS implies order, arrangement and purpose.

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In the control process, which step follows 'measuring actual performance'?

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What is the risk in taking immediate corrective action?

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The accumulated end results of all the organisation's work activities are called ________.

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________ is the search for the best practices among competitors or non-competitors that lead to their superior performance.

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'Performance' is the end result of an activity.

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All of the following are considered examples of concurrent control measures used for deterring or reducing employee theft or fraud EXCEPT ________.

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________ is the overall output of goods or services produced divided by the inputs needed to generate that output.

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________ is a measure of how appropriate organisational goals are and how well an organisation is achieving those goals.

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'Measurements' are part of controlling.

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An Effective Control Barry's, a popular family restaurant, decided they needed to implement a more effective control process.They were losing market share, their prices seemed uncompetitive with other restaurants and employee work standards were unpredictable and inconsistent.They needed some help with developing this process, so they called HyperJob, a management consulting firm, to assist them with this development. -Refer to An Effective Control (Scenario).The HyperJob consultant told Barry's management team that the control process was comprised of ALL BUT which of the following factors?

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________ is a control technique in which the manager is out in the work area, interacting directly with employees and exchanging information.

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Managers measure and control organisation performance because it leads to ________.

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Which of the following is NOT part of the five-point bottom line?

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How do control systems support delegating?

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The first step in the control process is comparing actual performance against a standard.

(True/False)
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The most well-known form of concurrent control is 'direct supervision'.

(True/False)
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In a short essay, list the four common sources of information frequently used by managers to measure actual performance, including the advantages and disadvantages of each source of information.

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In a short essay, discuss the common measures of organisational performance.

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