ch17 - Exam Name TRUE/FALSE Write'T if the statement is...

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Exam Name___________________________________ TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Control is the process of monitoring, comparing, and correcting work performance. 1) _______ Answer True False 2) The value of the control function lies in its relation to organizational structure. 2) _______ Answer True False 3) Managers need to control to protect the organization and its assets. 3) _______ Answer True False 4) The control process is a two - step process that compares actual performance against a standard and takes managerial action to correct deviations or inadequate standards. 4) _______ Answer True
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False 5) Some control criteria, such as employee satisfaction, are applicable to any management situation. 5) _______ Answer True False 6) Deviations that exceed the acceptable range of variation become significant and need the manager's attention. 6) _______ Answer True False 7) Understating sales is not nearly as troublesome as overstating them. 7) _______ Answer True False 8) In taking managerial actions, managers must correct actual performance, as it is the only choice. 8) _______ Answer True
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False 9) Basic corrective action is aimed at correcting more generalized problems as quickly as possible, leaving more detailed action for later. 9) _______ Answer True False 10) Effective managers analyze deviations and, when the benefits justify it, take the time to pinpoint and correct the causes of variance. 10) ______ Answer True False 11) Performance is the end result of an activity. 11) ______ Answer True False 12) The most frequently used organizational performance measures include liquidity, profitability, leverage, and activity ratios. 12) ______ Answer
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True False 13) What guides managerial decisions in designing strategies and work activities and in coordinating the work of employees is how well the organization meets its goals. 13) ______ Answer True False 14) There are no company rankings in the Arab world similar to Fortune's "Best Companies to Work For". 14) ______ Answer True False 15) The key to feedforward controls is taking action while the problem is occurring. 15) ______ Answer True False 16) Feedforward provides managers with meaningful information on how effective their planning efforts were. 16) ______
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Answer True False 17) Concurrent control prevents anticipated problems since it takes place before the actual activity. 17) ______ Answer True False 18) Direct supervision is the best - known form of concurrent control. 18) ______ Answer True False 19) Concurrent control relies on feedback. 19) ______ Answer True False 20) In feedback control, the control takes place after the activity is done. 20) ______
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Answer True False 21) An example of feedback control is management by walking around. 21) ______ Answer True False 22) When organizations "manage" earnings, they "time" income and expenses to enhance current financial performance. 22) ______ Answer True False 23) External controls have been enacted to address some of the problems that have occurred because of "managed" earnings.
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