Midterm Answer%20Key - ADM 1300 MIDTERM A SWER KEY Section...

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Section I. Multiple Choice 1 b 21 e 41 d 61 e 2 b 22 e 42 e 62 d 3 b 23 e 43 c 63 e 4 c 24 c 44 c 64 d 5 e 25 c 45 a 65 a 6 b 26 e 46 e 66 e 7 a 27 a 47 d 67 d 8 d 28 d 48 d 68 e 9 e 29 b 49 a 69 e 10 b 30 a 50 c 70 b 11 e 31 e 51 a 12 c 32 e 52 c 13 b 33 b 53 e 14 d 34 d 54 b 15 b 35 b 55 a 16 d 36 b 56 a 17 b 37 a 57 d 18 d 38 a 58 e 19 d 39 b 59 a 20 e 40 e 60 b
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Section III. Essay Questions (65marks; marks allocated as indicated in the margin) 1.) What are the four (4) key terms used in planning? Outline and briefly define each. (4 marks) Policy – a guideline to action Procedures – sequence of steps to carry out the policy Rules – what you must do; must not do Budget – anticipated revenues and expenses (1/2 mark for each term; ½ mark for each definition) 2.) What are the four steps in the control process? Outline and briefly discuss each step. (4 marks) 1.) establish standards 2.) measure performance 3.) compare actual with expected 4.) take corrective action IF necessary (1 mark for each) 3.) Outline and discuss the “Three E’s of Productivity” developed by Peter Drucker. (6 marks)
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This note was uploaded on 01/10/2010 for the course MANAGEMENT ADM 1300 taught by Professor Peterkoppel during the Fall '09 term at University of Ottawa.

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Midterm Answer%20Key - ADM 1300 MIDTERM A SWER KEY Section...

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