Solution:
False, Corporate governance is the process by which Owners and creditors of an organization exert control over and require accountability for resources entrusted to the organization.
QUESTION 14 Corporate governance is the process by which managers of an organization exert control over...
QUESTION 14 Corporate governance is the process by which managers of an organization exert control over and require accountability for resources entrusted to the organization True False
A management control system is a structure within an organization that allows for managers to establish, implement, and monitor progress toward the strategic goals of the organization. true or false
QUESTION 11 True or False? Managers who undertake a strategic planning process must understand how the organization is positioned in the environment in which the organization operates. True O False QUESTION 12 True or False? Operational planning includes steps taken to develop mission, vision, and value statements. O True False QUESTION 13 True or False? The purpose of a mission statement is to provide a description of a future in which the organization's expected outcomes are achieved. True False QUESTION...
Managers have more control over efficiency variances than over price variances True or False?
4. Corporate governance: Methods for influencing management's decisions Corporate governance refers to policies and rules, regulations and laws, and activities that (1) influence both management’s decisions and its company’s operations, and (2) affect the relationships between a business’s stakeholders. These stakeholders include the company’s executives and managers, shareholders, creditors, current and former employees, competitors, and local and global communities. In simple terms, corporate governance provisions can take two forms: Carrots, Tomatoes, or celery and stones, rocks, or sticks, with the...
In responsibility accounting systems, managers never are held responsible for items over which they have less than absolute control. True or False
Which of the following is a true statement as regards to planning, organization, and control mechanisms? a. Planning and control mechanisms are related, but organization must be separate to remove friction between headquarters and local managers. b. A firm generally accomplishes its planning goals, and organizational goals, and then it implements control mechanisms. c. Planning and organization are related, but control mechanisms must remain independent due to cultural, political, and economic differences in foreign markets. d. Control mechanisms are directly...
The role of managers in corporate level strategy is to: Identify markets or industries in which a company should compete to maixmise long term profitability Invent products that ensure the long run success of the company Use their corporate power to ensure the profitability of functional level strategies All the above None of the above outsourcing can add value to the product provided to the customers true false
___________ refers to the process by which managers decide individual job tasks and authority. A. control charting B. job design C. task design D. process design
Multiple Choice Question 109 Which of the following statements is false? ABC can weaken control over overhead costs. ABC allows some indirect costs to be identified as direct costs. Managers become more aware of their responsibility to control the activities that generate costs. Under ABC, companies can trace many overhead costs directly to activities.