Progress Check Questions for Chapter 11

Progress Check Questions for Chapter 11 - Adam Ward...

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Adam Ward Progress Check Questions for Chapter 11 2. Explain the five layers of the control pyramid. 1. foolproof controls : deal with repetitive acts and require little thought 2. automatic controls : where a feedback loop can exist without much human interaction but require monitoring. They can be machine- or computer-based. 3. operator controls : requires a human response 4. supervisory control : the layer that controls the person or persons implementing the controls. This type of control needs to get results and is not redundant. 5. informational controls : the ultimate feedback loop – wherein the manager must pull together all the information provided by the other controls. 3. What are the five most common types of operational budgets? 1. Revenue and expense budget 2. Cash budget 3. Capital expenditure budget 4. Production, material, or time budget 5. Balance sheet budgets 4. Explain zero-base budgeting. This is a form of budgeting in which the manager must justify each area of a budget. They must prove why any money should be spent and each activity under a manager’s discretion is
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This note was uploaded on 05/09/2011 for the course BUS 125 taught by Professor Ryan during the Fall '09 term at Northeast State.

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Progress Check Questions for Chapter 11 - Adam Ward...

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