5515057
Description
Quiz by Gareth Gouws, updated more than 1 year ago
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Created by Gareth Gouws
over 8 years ago
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Question 1
Question
Which statement is false?
Answer
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Control helps organisations to cope with environmental change
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Control systems increase costs in an organisation
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Control helps an organisation to cope with increasing organisational size and complexity
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Control helps limit the accumulation of error
Question 2
Question
If actual achievements do not match performance standards, management can
Answer
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Improve actual performance to reach standards
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Raise standards to accomplish strategies
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Make strategies more realistic
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None of the above
Question 3
Question
Read the list of control systems given below
i. Economic-ordering quantity
ii. Materials-requirements planning
iii. Budgets
iv. Just-in-time systems
v. Total quality management
Which combination of control systems is relevant in the control of inventory?
Answer
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i. ii
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i. ii. iv.
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iii. iv.
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iii. v.
Question 4
Question
Financial budgets focus on ________ whereas operational budgets focus on __________.
Answer
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revenue; capital expenditure
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sales volume; time projection of projects
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cash flow; revenue
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capital expenditure; cash flow
Question 5
Question
An effective control system is
Answer
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integrated with planning
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able to accommodate change
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objective
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all of the above
Question 6
Question
The key areas of control are physical, information, financial and human. Which one however is regarded as the most important?
Answer
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Human
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Financial
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Information
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Physical
Question 7
Question
Which is the correct order for the control process?
Answer
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Measuring actual performance, Evaluating deviations, Rectifying deviations, Setting standards
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Rectifying deviations, Setting standards, Measuring actual performance, Evaluating deviations
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Setting standards, Measuring actual performance,Evaluating deviations,Rectifying deviations
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Measuring actual performance,Evaluating deviations, Setting standards,Rectifying deviations
Question 8
Question
Which is not a relevant control system in controlling inventory?
Answer
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Economic ordering quantity
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Materials requirement planning
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Just in Time
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Total Quality Management
Question 9
Question
A budget helps to control finances. Which of the answers below is incorrect?
Answer
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Supports management in coordinating resources
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Limits flexibility and between departments
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Guiding the application of resources
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Making evaluation of resource allocation possible
Question 10
Question
The main instrument used to control an organisation's human resources is
Answer
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Emotional support
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Approval of action
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Performance measurement
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Assignment of leadership roles
Question 11
Question
Which is not a characteristic of an effective control system
Answer
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Simplicity
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Timeliness
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Efficiency
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Flexibility
Question 12
Question
Which one is not true with regards to the purpose of control?
Answer
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Control is linked to planning. Without control planning is pointless
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Control is vital in motivating managers to increase the productivity
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Control helps to minimize costs
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Control helps detect and limit errors
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