Question 1

An example of financial __________ is the fact that organizations are often required to perform and report the results of a financial audit.

Accepted Answer

cost

Question 2

Operating controls allow you to step back and look at the big picture and make sure all the pieces of the picture are correctly aligned.False: Strategic controls allow you to step back and look at the big picture and make sure all the pieces of the picture are correctly aligned.Medium;Knowledge;Comprehension

Accepted Answer

Strategic controls allow you to step back and look at the big picture and make sure all the pieces of the picture are correctly aligned.

Question 3

An example of direct financial costs are employees whose primary function is related to control.

Accepted Answer

An example of indirect financial costs are people,such as internal quality control,who the organization employs whose primary function is related to control.

Question 4

Organization controls are relevant only in the for-profit organization context.

Accepted Answer

Organization controls are relevant to a broad spectrum of organizations,including governments,schools,and charities.

Question 5

Culture and reputation costs are intangible costs associated with any form of control.

Accepted Answer

Culture and reputation costs are intangible costs that cannot be easily measured or quantified. They are associated with the way a company or organization is perceived by its stakeholders, including employees, customers, investors, and the public. These costs can arise from factors such as poor management practices, unethical behavior, harmful products or services, environmental damage, and social injustice. They can have a significant impact on a company's brand image, customer loyalty, employee morale, and financial performance, and are therefore an important consideration in any form of control.

Question 6

Examples of feedback control include preventive maintenance on machinery and equipment and due diligence on investments.

Accepted Answer

Examples of feedforward controls include preventive maintenance on machinery and equipment and due diligence on investments.

Question 7

The controls for the level of proactivity function as a feedback mechanism to help leaders and managers make adjustments in the strategy.

Accepted Answer

The controls for the level of proactivity provide feedback to leaders and managers, allowing them to make adjustments to their strategy as needed. This helps to ensure that the organization is effectively anticipating and responding to changes in its environment, and adapting in a proactive rather than reactive manner.

Question 8

When well-designed,organizational controls can provide benefits such as

Accepted Answer

Well-designed organizational controls can provide the benefit of better ability to manage uncertainty and complexity. This is because controls provide guidelines, procedures and policies that help employees to make decisions and take actions to achieve the organization's goals, even in complex and uncertain situations. While costs (responsive, culture and reputation, direct and indirect financial) are factors to consider in designing organizational controls, the ability to manage complexity and uncertainty is a major benefit that can positively impact organizational performance. Therefore, option D is the best choice.

Question 9

Controls can cost the organization through

Accepted Answer

Botched implementation of controls can lead to additional costs for the organization. This could result from faulty or ineffective controls, or from resistance to the controls by employees. Decentralized decision-making and opportunity recognition are not necessarily associated with increased costs, and layoffs may or may not be related to controls.

Question 10

Requiring two signatures for checks written on bank and investment accounts is an example of financial ______________.

Accepted Answer

The answer of Requiring two signatures for checks written on...

Question 11

Costs can be controlled using __________,where managers compare actual expenses to forecasted ones.

Accepted Answer

The answer of Costs can be controlled using __________,where managers...

Question 12

The process by which an organization influences its subunits and members to behave in ways that lead to the attainment of organizational goals and objectives refers to ________________.

Accepted Answer

The answer of The process by which an organization influences...

Question 13

How is culture and reputation a cost for organizational control? Although organizations might want to keep track of employee behavior,or otherwise put forms of strict monitoring in place,these efforts can have undesirable cultural consequences in the form of reduced employee loyalty,greater turnover,or damage to the organization's external reputation.Management researchers have criticized theory that assumes that managers cannot be relied upon by shareholders can make managers less reliable.Medium;Comprehension

Accepted Answer

The answer of How is culture and reputation a cost...

Question 14

How was HP's extreme form of control turned to indictment on spying on the Board of Directors? The Board of Director's accounts were "hacked" and he claimed a record of his home phone calls were illegally obtained.Chairman Patricia Dunn defended this rather extreme form of control as legal,but the amount of damage to the firm's reputation from these charges led the firm to discontinue the practice.Medium;Knowledge

Accepted Answer

The answer of How was HP's extreme form of control...

Question 15

_____________ are a way for banks,investors,and other key stakeholders to understand how financially fit the organization is.

Accepted Answer

The answer of _____________ are a way for banks,investors,and other...

Question 16

Organization researchers have long argued that ______________ is best when those people and areas of the organization that are closest to customers and pockets of uncertainty also have the ability to respond to them.

Accepted Answer

The answer of Organization researchers have long argued that ______________...

Question 17

An example of _____________ financial costs is paying for an accountant who conducts an audit for the organization.

Accepted Answer

The answer of An example of _____________ financial costs is...

Question 18

The feedback control is the most proactive of controls,and is generally a basis for reactions.

Accepted Answer

The feedback control is the least proactive of controls,and is generally a basis for reactions.

Question 19

The Baldrige Award is given to organizations only in the manufacturing industry.False: The Baldrige Award is given to organizations in a wide range of categories and industries,from education,to ethics,to manufacturing.Medium;Knowledge

Accepted Answer

The Baldrige Award is given to organizations in a wide range of categories and industries,from education,to ethics,to manufacturing.

Question 20

What are the four steps of organizational control? The four steps include establish standards,measure performance,compare performance to standards,and then take corrective action as needed.Medium;Knowledge

Accepted Answer

The answer of What are the four steps of organizational...

Quiz 15: The Essentials of Control