PLACE Business Education: Control as a Management Function 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!

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Question 1 1. An employee drug test is best described as an example of:

Question 2 2. Flexible budgeting:

Question 3 3. An income statement is a financial document that covers what period(s) of time?

Question 4 4. Top-down budgeting:

Question 5 5. Feedback occurs:

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Question 6 6. Why is it imperative for managers to develop a tool for collecting data for each employee goal?

Question 7 7. Concurrent Controls occur:

Question 8 8. Financial ratios:

Question 9 9. 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?

Question 10 10. Which of the following is NOT a function of the budget?

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Question 11 11. Feedforward controls can be:

Question 12 12. A balance sheet formula is:

Question 13 13. Which of the following elements is NOT involved in the controlling process?

Question 14 14. An example of Concurrent Controls is:

Question 15 15. Controlling is the fourth step in a larger management process that involves which of the following?

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Question 16 16. Financial controls are:

Question 17 17. A bottom-up budget:

Question 18 18. Zero-based budgeting:

Question 19 19. Financial audits are done for the purpose of:

Question 20 20. Why is it important for a manager to include his employees when setting goals that are part of their performance appraisals?

PLACE Business Education: Control as a Management Function 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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