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Questions and Answers
What does formalization of tasks do?
What does formalization of tasks do?
- It restricts the flow of information.
- It structures the firm around individual skills.
- It focuses on the vertical reporting channels.
- It allows for specification of information needed to support tasks. (correct)
Which factor influences MRS design according to the text?
Which factor influences MRS design according to the text?
- Control issues in marketing
- XML coding practices
- Database architecture
- Centralized access to accounting records (correct)
What is the relationship between responsibility and authority?
What is the relationship between responsibility and authority?
- Responsibility involves achieving desired results, while authority involves decision-making power within limits. (correct)
- Responsibility involves decision-making power.
- They are unrelated in management principles.
- Authority is the obligation to achieve desired results.
Which type of accounting reports are considered in factors influencing MRS design?
Which type of accounting reports are considered in factors influencing MRS design?
What defines the vertical reporting channels according to management principles?
What defines the vertical reporting channels according to management principles?
How does responsibility accounting impact management decision-making?
How does responsibility accounting impact management decision-making?
What is the primary objective of management reports?
What is the primary objective of management reports?
Which attribute is NOT important for report quality according to the text?
Which attribute is NOT important for report quality according to the text?
What should reports ideally contribute to decision making?
What should reports ideally contribute to decision making?
Which type of access to accounting records is emphasized in the text?
Which type of access to accounting records is emphasized in the text?
What is a key attribute of a good management report, as mentioned in the text?
What is a key attribute of a good management report, as mentioned in the text?
In what way should reports influence decision makers, according to the text?
In what way should reports influence decision makers, according to the text?
What does 'Management by exception' suggest?
What does 'Management by exception' suggest?
Which principle refers to the number of subordinates directly under the manager's control?
Which principle refers to the number of subordinates directly under the manager's control?
What type of reports are recommended for managers with narrow spans of control?
What type of reports are recommended for managers with narrow spans of control?
Which factor should reports focus on according to management by exception?
Which factor should reports focus on according to management by exception?
What does a wide span of control imply?
What does a wide span of control imply?
In terms of span of control, what is recommended for managers with broad spans?
In terms of span of control, what is recommended for managers with broad spans?
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