In this step of the control process an organization

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4. in this step of the control process, an organization must decide what to measure, when to measure, and how frequently to measure 1. ANS: C DIF: E 2. ANS: D DIF: E 3. ANS: A DIF: E 4. ANS: B DIF: E Match each term with the correct statement below. a. Law of requisite variety b. Ability to anticipate problems c. Sensitivity of the measuring device d. Variance reporting e. Management by exception 5. The precision to which the measurement can be made. 6. The control system must contain as much variety as the system being controlled. 7. Highlighting only those items that fail to meet the established standards. 8. Troublesome areas are targeted. 9. Instrument comparing aircraft altitude to FAA clearance standards. 5. 6. 7. 8. 9. Match each term with the correct statement below. 10. reliance upon social values, traditions, shared beliefs, flexible authority, and trust to assess performance and correct unacceptable deviations 11. focuses on detecting undesirable material, financial, or human resources that serve as inputs to the transformation process 138
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12. use of formal mechanisms to influence behavior, assess performance, and correct unacceptable deviations from standards 13. focuses on the transformation process to ensure that it is functioning properly 14. focuses on discovering undesirable output and implementing corrective action 10. 11. 12. 13. 14. Match each term with the correct statement below. 15. summary of an organization's financial performance over a given time interval, showing revenues, expenses, and bottom-line profit or loss 16. debts that must be paid in the near future 17. indicators of the firm's ability to meet its short-term debts and obligations 18. assets that are long-term in nature and cannot be converted quickly into cash 19. indicators of the firm's ability to handle long-term debt 20. debts payable over a long time span 21. the difference between the assets and liabilities 22. summary of an organization's financial position at a given point in time, showing assets, liabilities, and owner's equity 23. items that can be converted into cash in a short time period 24. the firm's debts and obligations 25. indicators of the relative effectiveness, or profitability, of the organization 26. the things of value that an individual or organization owns 15. ANS: I DIF: E 16. ANS: F DIF: E 17. ANS: J DIF: E 18. ANS: D DIF: E 19. ANS: L DIF: E 20. ANS: G DIF: E 21. ANS: H DIF: E 22. ANS: A DIF: E 23. ANS: C DIF: E 24. ANS: E DIF: E 25. ANS: K DIF: E 139
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26. ANS: B DIF: E ESSAY 1. If an organization has a good plan and good leadership to carry out the plan, why is control necessary?
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