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