The Control Process

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

After objectives and standards are set, which step comes next in the control process?

  • Modify standards to fit circumstances.
  • Compare results with objectives.
  • Take corrective action.
  • Measure results. (correct)

When a soccer coach tells her players at the end of a game, "I'm pleased you stayed with the game plan," she is using a/an ________ to measure performance, even though her team lost.

  • historical comparison
  • relative comparison
  • input standard (correct)
  • output standard

When an automobile manufacturer is careful to purchase only the highest-quality components for production, this is an example of ensuring high performance through ________ control.

  • concurrent
  • inventory
  • statistical
  • feedforward (correct)

Management by exception means:

<p>focusing attention where the need for action is greatest (B)</p> Signup and view all the answers

When a supervisor working alongside an employee corrects him or her when a mistake is made, this is an example of ________ control.

<p>concurrent (A)</p> Signup and view all the answers

If an organization's top management visits a firm in another industry to learn more about its excellent record in hiring and promoting minority and female candidates, this is an example of using ________ for control purposes.

<p>relative comparison (B)</p> Signup and view all the answers

The control equation states: ________ = Desired Performance - Actual Performance.

<p>Need for Action (A)</p> Signup and view all the answers

When a UPS manager compares the amount of time a driver takes to make certain deliveries against standards set through a quantitative analysis of her delivery route, this is known as:

<p>an engineering comparison (C)</p> Signup and view all the answers

Projects are unique one-time events that:

<p>must be completed by a specific time (C)</p> Signup and view all the answers

The ________ chart graphically displays the scheduling of tasks required to complete a project.

<p>Gantt (A)</p> Signup and view all the answers

When one team member advises another team member that "your behavior is crossing the line in terms of our expectations for workplace civility," she is exercising a form of ________ control over the other's inappropriate behaviors.

<p>clan (D)</p> Signup and view all the answers

In a CPM/PERT analysis the focus is on ________ and the ________ event that link them together with the finished project.

<p>activities, sequences (C)</p> Signup and view all the answers

If fixed costs are $10,000, variable costs are $4 per unit, and the target selling price per unit is $8, what is the breakeven point?

<p>2,500 (B)</p> Signup and view all the answers

Among the financial ratios used for control, Current Assets/ Current Liabilities is known as the:

<p>current ratio (D)</p> Signup and view all the answers

With respect to return on assets (ROA) and the debt ratio, the preferred directions when analyzing them from a control standpoint are:

<p>increase ROA, decrease debt (D)</p> Signup and view all the answers

Which control type is most closely associated with just-in-time inventory systems?

<p>Concurrent (A)</p> Signup and view all the answers

A company implements a new training program for all employees to improve customer service skills. What type of control is being used?

<p>Feedforward control (B)</p> Signup and view all the answers

What is the primary purpose of conducting a post-action review after a project is completed?

<p>To identify lessons learned and improve future project performance (A)</p> Signup and view all the answers

Which of the following best describes the purpose of a balanced scorecard?

<p>To provide a comprehensive view of organizational performance across multiple dimensions. (D)</p> Signup and view all the answers

Which of the following control methods relies most heavily on cultural norms and shared values to influence behavior?

<p>Clan control (D)</p> Signup and view all the answers

Flashcards

Control Process: Comparison

Comparing results with objectives to identify deviations.

Input Standard

Evaluating performance based on required efforts and resources.

Feedforward Control

Ensuring quality by managing resources before production begins.

Management by Exception

Focusing on areas needing the most attention.

Signup and view all the flashcards

Concurrent Control

Correcting mistakes during the process.

Signup and view all the flashcards

Relative Comparison

Learning from other organizations' best practices.

Signup and view all the flashcards

Need for Action

The difference between desired and actual performance.

Signup and view all the flashcards

Engineering Comparison

Comparing performance against standards using quantitative data.

Signup and view all the flashcards

Project Characteristic

Have specific deadlines.

Signup and view all the flashcards

Gantt Chart

A visual schedule showing task timelines.

Signup and view all the flashcards

Clan Control

Team members influencing each other's behavior.

Signup and view all the flashcards

CPM/PERT Analysis

Focus on tasks and their correct order.

Signup and view all the flashcards

Breakeven Point (Units)

2,500 units

Signup and view all the flashcards

Current Ratio

Current Assets divided by Current Liabilities

Signup and view all the flashcards

Preferred Financial Ratios

Increase ROA, decrease debt

Signup and view all the flashcards

Study Notes

  • Measuring results is the next step in the control process after setting objectives and standards.

Types of Standards

  • Input standards measure work efforts that go into a task
  • Output standards measure completed work

Comparisons

  • Historical comparisons use past performance as a benchmark
  • Relative comparisons benchmark against other organizations

Types of Control

  • Feedforward control ensures high quality through the use of high-quality resources
  • Concurrent control happens while work is underway

Management by Exception

  • Management by exception focuses attention where the need for action is greatest.

Control Equation

  • Need for Action = Desired Performance - Actual Performance

Comparisons

  • Engineering comparisons are made against standards set through quantitative analysis
  • Relative benchmarking is used for control purposes when management visits another firm to learn about its excellent record

Projects

  • Projects are unique, one-time events that must be completed by a specific time

Gantt Charts

  • Gantt charts graphically display the scheduling of tasks required to complete a project.

CPM/PERT Analysis

  • CPM/PERT analysis focuses on activities and their sequences to link them together, resulting in a finished project.

Clan Control

  • Clan control is when team members influence behavior based on group expectations.

Breakeven Point

  • Given fixed costs of $10,000, variable costs of $4 per unit, and a target selling price of $8 per unit, the breakeven point is 2,500 units.

Financial Ratios

  • Current Assets/Current Liabilities ratio is known as the current ratio.

ROA and Debt Ratio

  • From a control standpoint, the preferred directions are to increase ROA and decrease debt.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Like This

Organizational Control Principles Quiz
5 questions
The Control Process in Management Quiz
10 questions
Control Process in Organizations
23 questions

Control Process in Organizations

FruitfulAestheticism2095 avatar
FruitfulAestheticism2095
Use Quizgecko on...
Browser
Browser