Management Chapter 8 pt 3

return on investment.

An organization's net income before taxes divided by the total assets of the organization is known as

feedback

Constantinople Trading Co., a manufacturer of home decor goods, sets up a system to monitor unit sales of its products to measure changes taking place in customer tastes and the possible resulting impact on future sales. With this system, Constantinople is using ________ control.

provide customers with new or improved goods and services.

Entrepreneurship is the mobilization of resources to

0.80

From the information given below, calculate the organization's current ratio. Total Liabilities = $750,000; Current Liabilities = $220,000; Total Assets = $700,000; Current Assets = $176,000

5 percent

From the information given below, calculate the organization's return on investment. Total Liabilities = $300,000; Total Assets = $600,000; Gross Margin = $200,000; Net Income before Taxes = $30,000; Total Expenses = $240,000

Graphic designers at a media company are designing logo prototypes.

In which of the following situations do you think it would be most challenging for a manager to measure employee outputs or behavior?

behavior

Management by objectives is a mechanism of control with ________ organizational control systems.

employees of an organization who notice opportunities to develop new products

Members of which of the following groups may be considered intrapreneurs?

a gradual or evolutionary approach involving managers at all levels

Optique Cameras opts to take a bottom-up approach in order to draft a new attendance policy. What will the approach entail?

bureaucratic

Rules and SOPs are of little use in telling a scientist how to discover something new. Thus, which of the following forms of control should not be applied to scientists?

concurrent

The control system that is typically used in a garment plant to solve problems like substandard inputs, broken machine parts, or a worker's skill deficiency to produce a particular type of garment is ________ control.

4

The current assets of Kaiser Investments are valued at $25 million and its current liabilities are at $6 million. If its inventory is worth $1 million, what is its quick ratio?

days sales outstanding

The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organization from the sale of its products or services is the ________ ratio.

leverage

The financial ratio that indicates the degree to which the organization uses debt or equity to finance its ongoing operations is the ________ ratio.

liquidity

The financial ratio that measures the ability of the organization to pay its short-term debts is the ________ ratio.

return on investment.

The most commonly used financial performance measure that allows managers of one organization to compare performance with that of other organizations is

quick

The ratio that is computed by dividing the difference between current assets and inventory by current liabilities is the ________ ratio.

bottom-up changes to minimize resistance from employees and uncertainty.

Top managers at Swirly Sweets, a candy manufacturer, consult with middle and first-line managers to revise their marketing strategy. This approach will lead to

top-down approach to promote adaptive culture.

Top managers in a company decide between themselves to implement an employee stock ownership plan for all their employees. This is an example of a company taking a

profit

When a manager is evaluated on the difference between sales revenue and the budgeted cost of making those goods and services, this is an example of a(n) ________ budget approach.

revenue

When a manager is told to maximize the revenues from the sales of goods and services produced, this is an example of a(n) ________ budget approach.

inert

When an organization has a culture that leads to values and norms that fail to motivate or inspire employees, eventually leading to stagnation and often failure over time, that company has a(n) ________ culture.

Cross-functional team structures are often used.

Which of the following is true of an adaptive work culture?

implement the change

Which of the following stages in making organizational change includes deciding whether change will occur from the top down or from the bottom up?