To evaluate managers' decisions and the productivity of organizational units, organizations use ________.
a. quarterly financial statements |
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b. performance reports |
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c. bimonthly financial statements |
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d. annual financial statements |
To evaluate managers' decisions and the productivity of organizational units, organizations use ________. a. quarterly financial...
Distinguish planning decisions from control decisions. A. Planning decisions focus on organizational goals without consideration of past performance. Control decisions focus on predicting results under various alternative ways of achieving those goals, deciding how to attain the desired goals, and deciding how to evaluate performance. B. Planning decisions are budget oriented, where control decisions focus on financial reporting. C. Planning decisions focus on selecting organization goals, predicting results under various alternative ways of achieving those goals, deciding how to attain...
In your Financial Management: Theory and Practice text, complete the mini case on page 133. Evaluate the implications of accounting and financial information in measuring and projecting organizational performance and motivating and controlling the firm's management. Analyze ways in which leaders and managers make decisions using accounting and financial data.
Nonprogrammed decisions a. occur more frequently than programmed decisions. b. generally deal with standard organizational transactions. c. are typically made by shareholders. d. tend to be about basic operating systems and procedures. e. are less structured than programmed decisions. Which of the following statements about the behavioral management perspective is true? a. It slighted the role of the individual in organizations. b. It was influenced by the industrial psychology movement. c. It was first introduced by Max Weber. d. It...
Financial reporting is critical to the success of any organization because this is how managers and other stakeholders evaluate the sustainability and profitability of an organization. The healthcare industry accounts for nearly 20% of the US GDP as of 2018 (BEA, 2019). While there is guidance for financial reporting to the respective government agencies, there is no consistency in the development of financial reports among private healthcare organizations. Discuss the importance of consistent financial reports across all healthcare organizations. Support...
Organizations frequently leverage standard deviation measurements to inform a variety of business decisions. For example, financial planners often evaluate the standard deviation of a potential investment to determine its associated risk. Research the practical applications of standard deviation in your discipline. Provide a relevant example from your discipline that demonstrates how standard deviation might be used to inform organizational processes or decisions. Be sure to include: an applied example of an organizational process or decision that could be influenced by...
Principles of Finance I WEEK 3: Discussion Prompt #2 - Ratio analysis enables stockholders, lenders, and the firm’s managers to evaluate the firm’s financial performance. For this discussion, choose one of these stakeholders and discuss examples of how they use ratios to make decisions regarding the organization.
In some organizations, cost center managers have been known to achieve favorable budget variances by cutting labor and other operating costs to the point where services are not being performed in an adequate and timely fashion. This problem can best be reduced by: a) Avoiding the use of cost variances in evaluations b) Evaluating cost centers on the basis of ROI/ROA rather than cost variances. c) Using effectiveness measures as well as cost measures in evaluation. d) Avoiding the use...
The four key users of financial statements are owners/managers, lenders, investors and governments. These users rely on financial statements to evaluate a company’s past financial performance as indicators in areas of profitability, liquidity, leverage, and efficiency; to create benchmarking matrixes; and to support future decision-making. Choose two companies in the same industry whose financial statements are available online. Complete several financial ratios for each company and compare them. Share your analysis and answer the following questions in a minimum of...
Many financial managers and corporate officers are often criticized for (a) poor decisions, (b) lack of ethical behavior, (c) large salaries, (d) lucrative severance packages worth millions of dollars, and (e) extravagant lifestyles. Is this criticism justified? Justify your opinion.
For those organizations who have eliminated annual performance reviews, what have they implemented instead? a. performance meetings b. self-reviews c. quarterly reviews d. ongoing coaching and feedback