Chapter 1 Q&A

Chapter 1 Q&A - Chapter 1 Q&A Q1. How is...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 1 Q&A Q1. How is control achieved and how does it pertain to managers and operations? (Chapter 1 Section 1) A1. Control is achieved by evaluating the performance of managers and the operations for which they are responsible. Managers are evaluated to determine how their performance should be rewarded or punished, which in turn motivates them to perform at a high level. Operations are evaluated to provide information as to whether they should be changed or modified or remain the same. Q2. Explain the concept of management by exception. (Chapter 1 Section 1) A2. Typically, managers follow the principle of management by exception when using performance reports. This means that managers investigate departures from the plan that appear to be exceptional, but they do not investigate minor departures from the plan. Q3. What is the difference between variable costs and fixed costs? Give examples of both. (Chapter 1 Section 2) A3. Variable costs increase or decrease in proportion to increases or decreases in the level of business...
View Full Document

This note was uploaded on 02/04/2011 for the course ACG 2071 taught by Professor Lopez during the Summer '08 term at Valencia.

Page1 / 2

Chapter 1 Q&A - Chapter 1 Q&A Q1. How is...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online