Organizational control

Question 1

refers to the process by which an organization infuelences it’s departments and members to behave in ways that will lead to the attainment of the organizations objectives

Answer 1

organnizational objectives

Question 2

what are some costs of controls

Answer 2

audits and, ovebearing and harm trust, beurecaucracy.

Question 3

benefits of control

Answer 3

improved cost and productivity, improved quality control, better ability to manage uncertainty and complexity, and better ability to decentralize decision-making.

Question 4

concerned with tracing the strategy as it is being implemented, detecting any problem areas or potential problem areas suggesting that the strategy is incorrect, and making any necessary adjustments

Answer 4

strategic control; done more on the whole organizational level

Question 5

concerned with the execution the strategy and including return on investment, net profit, cost

Answer 5

operational control. done more in subunits

Question 6

Types of Controls

Answer 6

control proactivity, behavioral control, outcome control

Question 7

when and where are controls set

Answer 7

from the goals during planning

Question 8

what is difference between immediate and basic corrective action

Answer 8

immediate immediatly corects problems ot get standards back on track. basic looks at how and why performance standards deviated for evaluation

Question 9

what corrective action do managers typically use

Answer 9

immediate corrective action

Question 10

monitor performance outputs

Answer 10

outcome controls

Question 11

tying rewards to a broader range of criteria

Answer 11

behavior controls

Question 12

when are outcome and behavior controls valid?

Answer 12

the outcome when the manager’s decisions don’t generally affect performance output, or behavior when coordinating with many individuals.

Question 13

Involves the management of an organization’s cost and expenses

Answer 13

Financial controls

Question 14

what is more “creative” financial or managerial accounting

Answer 14

managerial. you can tailor it more to your organization

Question 15

failures of nonfinancial accounting

Answer 15

failure to see links, not linked to strategy, failure to set performance standards

Question 16

3 comonents of financail statements

Answer 16

balance sheet ( gives us a snapshot of org assets and liabilities during a specific time), Income statement, and cash flow statement( income for each month of the year)

Question 17

Procces of measuring and reducing inventory and streamlining production

Answer 17

Lean Production

Question 18

what are some advatnages of lean control

Answer 18

lower storage costs for input costs, greater utltilaztion of equipment, fewer defects

Question 19

5 core principles of lean

Answer 19

Define value from the customer’s perspective, describe the value stream for each product, create flow, produce at the pace of actual customer demand, and strive to continuously improve all business operations.

Question 20

is local formation effective

Answer 20

no it is inefficient

Question 21

three financial statements

Answer 21

income statement, cash flow statement, and balance sheet