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Control as a Function of Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Top-down budgeting:

Question 2 2. Why is it important for a manager to include his employees when setting goals that are part of their performance appraisals?

Question 3 3. What is a functional organizational structure?

Question 4 4. Flexible budgeting:

Question 5 5. Which is NOT a disadvantage of a functional organizational structure?

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Question 6 6. Financial audits are done for the purpose of:

Question 7 7. An employee drug test is best described as an example of:

Question 8 8. Why is it imperative for managers to develop a tool for collecting data for each employee goal?

Question 9 9. Financial controls are:

Question 10 10. An example of Concurrent Controls is:

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Question 11 11. An income statement is a financial document that covers what period(s) of time?

Question 12 12. Why would a company consider implementing a functional organizational structure?

Question 13 13. Controlling is the fourth step in a larger management process that involves which of the following?

Question 14 14. Which is an advantage of a functional organizational structure?

Question 15 15. Which of the following elements is NOT involved in the controlling process?

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Question 16 16. Which of the following is NOT a function of the budget?

Question 17 17. Financial ratios:

Question 18 18. Feedforward controls can be:

Question 19 19. A bottom-up budget:

Question 20 20. Concurrent Controls occur:

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Question 21 21. Feedback occurs:

Question 22 22. A balance sheet formula is:

Question 23 23. Zero-based budgeting:

Question 24 24. What is the reporting structure in a functional organizational structure?

Question 25 25. Pete manages employees who coordinate training programs. He wants registrants to receive notification of a training program cancellation due to low enrollment within two weeks of the start date. After a warning and a period of retraining, one of Pete's employees, Ralph, is still notifying attendees under the two-week mark. Pete has decided to give Ralph a final written warning and let him know that if he does not improve this could lead to his termination. Which step of the controlling process is this an example of?

Control as a Function of Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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