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10 Questions

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Power and Modern Management

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Questions and Answers

Which principle of modern management is described as the constant, numerically-based tracking of performance?

Calculability (correct)

Accountability

Compensation

Grammatocentrism

What is the role of accountants as business partners?

To devise planning and performance management systems

To provide expertise in financial reporting and control (correct)

To automate mundane tasks

To assist in the formulation and implementation of strategy

What is the main purpose of turning everything into writing in modern management?

To hold subordinates accountable

To ensure effective communication of top-level strategy (correct)

To make strategy more calculable

To automate reporting tasks

What is the role of accountants in modern management?

To track and report performance Signup and view all the answers

What is the consequence of not having accounting in modern business strategy, according to the text?

Strategy will not work Signup and view all the answers

What is the role of power in modern management, as described in the text?

To ensure effective communication of top-level strategy Signup and view all the answers

What is the consequence of constant tracking and reporting of performance in modern management?

Improved accountability Signup and view all the answers

What is the role of accountants as business partners, as opposed to bean counters?

To provide expertise in financial reporting and control Signup and view all the answers

What is the purpose of measures and targets in modern management?

To evaluate subordinates based on numbers Signup and view all the answers

What is the main role of accounting in modern business strategy, according to the text?