Question 1

Which of the following quality tools is used to graphically display trends, so that exceptions to quality standards can be identified?

Accepted Answer

A)  Instruction manuals 
B)  Equations 
C)  Control charts 
D)  Just-in-time data 
A)  Instruction manuals 
B)  Equations 
C)  Control charts 
D)  Just-in-time data

Question 2

One time activities with many component tasks that must be completed in proper order and according to budget are called __________.

Accepted Answer

A)  reviews 
B)  assessments 
C)  projects 
D)  controls 
A)  reviews 
B)  assessments 
C)  projects 
D)  controls

Question 3

As a manager of a firm, what steps would you take to increase internal control within employees?

Accepted Answer

As a manager of a firm, there are severa

Question 4

The type of managerial control that focuses on what is happening during the work process is called _____.

Accepted Answer

A)  feedforward control 
B)  feedback control 
C)  analytic control 
D)  concurrent control 
A)  feedforward control 
B)  feedback control 
C)  analytic control 
D)  concurrent control

Question 5

Managing by objectives is a system that works only to improve organizational improvement objectives.

Accepted Answer

A) True 
 B)False

Question 6

A(n) __________ measures performance results in terms of quantity, quality, cost, or time.

Accepted Answer

A)  forecast 
B)  output standard 
C)  input standard 
D)  data base 
A)  forecast 
B)  output standard 
C)  input standard 
D)  data base

Question 7

Bureaucratic control is an example of __________.

Accepted Answer

The answer of Bureaucratic control is an example of __________....

Question 8

Concurrent controls are also called __________.

Accepted Answer

The answer of Concurrent controls are also called __________....

Question 9

Which of the following financial ratios is the correct formula for the current ratio?

Accepted Answer

A)  Current Assets - Inventory/Current Liabilities 
B)  Current Assets/Current Liabilities 
C)  Sales/Average Inventory 
D)  Current Assets/Total Liabilities 
A)  Current Assets - Inventory/Current Liabilities 
B)  Current Assets/Current Liabilities 
C)  Sales/Average Inventory 
D)  Current Assets/Total Liabilities

Question 10

The point where losses end and profits begin is known as the __________.

Accepted Answer

The answer of The point where losses end and profits...

Question 11

The two important objectives in the managing by objectives process are improvement objectives and __________.

Accepted Answer

A)  strategic objectives 
B)  financial objectives 
C)  personal development objectives 
D)  specific action objectives 
A)  strategic objectives 
B)  financial objectives 
C)  personal development objectives 
D)  specific action objectives

Question 12

__________ measures ability to meet short-term obligations.

Accepted Answer

A)  Liquidity 
B)  Leverage 
C)  Asset management 
D)  Profitability 
A)  Liquidity 
B)  Leverage 
C)  Asset management 
D)  Profitability

Question 13

Which of the following skills is NOT required to measure actual performance for the control process?

Accepted Answer

A)  You must be able to conduct accurate measurements. 
B)  You must be timely in the measuring process. 
C)  You must be willing to measure. 
D)  You must be able to graph performance objectives and standards. 
A)  You must be able to conduct accurate measurements. 
B)  You must be timely in the measuring process. 
C)  You must be willing to measure. 
D)  You must be able to graph performance objectives and standards.

Question 14

The pathway from project start to conclusion that involves the longest completion time is called the __________.

Accepted Answer

A)  critical path 
B)  economic order quantity 
C)  purchasing control level 
D)  financial minimum level 
A)  critical path 
B)  economic order quantity 
C)  purchasing control level 
D)  financial minimum level

Question 15

__________ ensures that an inventory is only big enough to meet immediate needs.

Accepted Answer

A)  Financial planning 
B)  Management control 
C)  Inventory control 
D)  Direct control 
A)  Financial planning 
B)  Management control 
C)  Inventory control 
D)  Direct control

Question 16

UPS carefully measures the routes and routines of its drivers to establish the time expected for each delivery. When a delivery manifest is scanned as completed, the driver's time is registered in an electronic performance log that is closely monitored by supervisors. In this scenario, UPS uses __________.

Accepted Answer

A)  historical comparisons 
B)  engineering comparisons 
C)  local comparisons 
D)  relative comparisons 
A)  historical comparisons 
B)  engineering comparisons 
C)  local comparisons 
D)  relative comparisons

Question 17

The __________ places new orders when inventory levels fall to predetermined points.

Accepted Answer

A)  master level method 
B)  economic order quantity method 
C)  purchasing control level method 
D)  financial minimum level method 
A)  master level method 
B)  economic order quantity method 
C)  purchasing control level method 
D)  financial minimum level method

Question 18

__________ routes materials to workstations just in time for use.

Accepted Answer

A)  On-time scheduling 
B)  Almost-on-time scheduling 
C)  Strategic scheduling 
D)  Just-in-time scheduling 
A)  On-time scheduling 
B)  Almost-on-time scheduling 
C)  Strategic scheduling 
D)  Just-in-time scheduling

Question 19

The point at which revenues just equal costs is called the __________.

Accepted Answer

A)  profit margin 
B)  breakeven point 
C)  maximum cost point 
D)  marginal revenue point 
A)  profit margin 
B)  breakeven point 
C)  maximum cost point 
D)  marginal revenue point

Question 20

A manager stopping by before a shift to see if everything is ready for the day's work illustrates __________.

Accepted Answer

A)  steering control 
B)  feedback control 
C)  feedforward control 
D)  concurrent control 
A)  steering control 
B)  feedback control 
C)  feedforward control 
D)  concurrent control

Which of the following quality tools is used to graphically display trends, so that exceptions to quality standards can be identified?

One time activities with many component tasks that must be completed in proper order and according to budget are called __________.

As a manager of a firm, what steps would you take to increase internal control within employees?

The type of managerial control that focuses on what is happening during the work process is called _____.

Managing by objectives is a system that works only to improve organizational improvement objectives.

A(n) __________ measures performance results in terms of quantity, quality, cost, or time.

Bureaucratic control is an example of __________.

Concurrent controls are also called __________.

Which of the following financial ratios is the correct formula for the current ratio?

The point where losses end and profits begin is known as the __________.

The two important objectives in the managing by objectives process are improvement objectives and __________.

__________ measures ability to meet short-term obligations.

Which of the following skills is NOT required to measure actual performance for the control process?

The pathway from project start to conclusion that involves the longest completion time is called the __________.

__________ ensures that an inventory is only big enough to meet immediate needs.

The __________ places new orders when inventory levels fall to predetermined points.

__________ routes materials to workstations just in time for use.

The point at which revenues just equal costs is called the __________.

A manager stopping by before a shift to see if everything is ready for the day's work illustrates __________.

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Entrepreneurship and New Ventures

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Planning Processes and Techniques

Filters

Exam 5: Global Management and Cultural Diversity

Which of the following quality tools is used to graphically display trends, so that exceptions to quality standards can be identified?

One time activities with many component tasks that must be completed in proper order and according to budget are called __________.

As a manager of a firm, what steps would you take to increase internal control within employees?

The type of managerial control that focuses on what is happening during the work process is called _____.

Managing by objectives is a system that works only to improve organizational improvement objectives.

A(n) __________ measures performance results in terms of quantity, quality, cost, or time.

Bureaucratic control is an example of __________.

Concurrent controls are also called __________.

Which of the following financial ratios is the correct formula for the current ratio?

The point where losses end and profits begin is known as the __________.

The two important objectives in the managing by objectives process are improvement objectives and __________.

__________ measures ability to meet short-term obligations.

Which of the following skills is NOT required to measure actual performance for the control process?

The pathway from project start to conclusion that involves the longest completion time is called the __________.

__________ ensures that an inventory is only big enough to meet immediate needs.

The __________ places new orders when inventory levels fall to predetermined points.

__________ routes materials to workstations just in time for use.

The point at which revenues just equal costs is called the __________.

A manager stopping by before a shift to see if everything is ready for the day's work illustrates __________.

Management Today

Management Learning Past to Present

Ethics and Social Responsibility

Environment, Innovation, and Sustainability

Entrepreneurship and New Ventures

Information and Decision-Making

Control Processes and Systems

Strategy and Strategic Management

Organization Structures and Design

Organization Culture and Change

Strategic Human Resource Management

Leading and Leadership Development

Individual Behaviour

Motivation Theory and Practice

Teams and Teamwork

Communication and Collaboration

Planning Processes and Techniques

Filters