Management chapter 8 quiz

profit

A divisional managers performance is evaluated on the basis of the difference between the sales revenues generated by that division and the cost of making those goods and services. The divisional manager is being evaluated using the ______ budget approach

Socialization

A mechanism of control utilized in organizational culture is

Members of which of the following groups may be considered intrapreneurs

Employees of an organization who notice opportunities to develop new products

Behavior

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

Concurrent

The control system that managers use at the conversion stage of transforming raw materials into finished goods is ______ control

Evaluate results and initiate corrective action

The final step in the control process is to

Quick

The financial ratio that indicates whether or not the organization is capable of paying off its short-term debts without having to sell its inventory is the ______ ratio

Control

The formal target-setting, monitoring, evaluation, and feedback systems that provide managers with information about whether the organizations strategy and structure are working efficiently and effectively are known as ________ systems

Revenue

The manager of a profit center is evaluated on the basis of the amount of sales that have been generated from the goods or services produced in his/her division. The divisional manager is being evaluated using the _________ budget approach

Expense

The managers of a division are given a fixed budget and are then evaluated in the basis of their ability to produce goods or services. This is an example of a(n) _________ budget approach

Direct supervision

The most immediate and potent form of behavior control is____________

Controlling

The process by which managers monitor and regulate how efficiently and effectively an organization and its members are performing the activities necessary to achieve organizational goals is known as _____.

Benchmarking

The process of comparing one company's performance on specific dimensions with the performance of high-performing organizations, to decide how successful a change effort has been, is known as _______.

Quick

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

Organizational culture

The set of values, norms, and expectations of behavior that control the ways in which workers interact with one another within the organization is known as _________.

Feedforward

The type of control that managers typically use in the input stage of the process of transforming raw materials into finished goods is _______ control

Profit

When a divisional manager is evaluated based on the operating income of his division, this is an example of a(n) ___________ budget approach

Expense

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

Evaluate the change

Which of the following stages in making organizational change includes benchmarking