Which of the following is an example of formal management controls?
A) a firm's culture
B) the willingness of employees to monitor each other
C) budgeting and reporting activities
D) managerial motivation

Question

Quizplus · Accepted Answer

Budgeting and reporting activities are formal management controls, as they involve specific procedures and policies that are enforced by management to monitor and regulate financial performance.

The other choices are not examples of formal management controls:

A) a firm's culture is a more informal aspect of management that evolves over time and is influenced by a variety of factors.

B) the willingness of employees to monitor each other is an aspect of social control, which can be more informal and organic.

D) managerial motivation primarily reflects the personal attributes and traits of individual managers, rather than formal controls implemented by the organization.

Which of the Following Is an Example of Formal Management