A management control system is a structure within an organization that allows for managers to establish,...
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
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Ans:
True
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.
A management control system enables the Managers frame a strategies in order to implement and Control and monitor progress and take immediate actions against the faults and Monitor those strategies and frame such strategies in line with the organisation goals
It should be Flexible, Accurate and timely and Understandable strategic goals
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A management control system is a structure within an
organization that allows for managers to establish,...
Within the management function of planning, project managers and team members should settle on pr...
Within the management function of planning, project managers and team members should settle on project objectives. goals, and strategies. Discuss how this task can help defining the "strategic fit" of the project to the organization?
Within the management function of planning, project managers and team members should settle on project objectives. goals, and strategies. Discuss how this task can help defining the "strategic fit" of the project to the organization?
Choose a specific job within an organization in which everyone would be familiar with. Establish a...
Choose a specific job within an organization in which everyone would be familiar with. Establish a performance management system that would best align the goals of the employees in that job with the goals and values of the organization. Then, design a form to appraise the employees' performance in that job, and discuss how the appraisal directly aligns with the goals that have been created for that specific job
1. Managers in a cost center are held responsible for both the costs and volumes of...
1. Managers in a cost center are held responsible for both the costs and volumes of inputs used to produce a product or provide a service. True False 2. Properly designed management control systems have both fixed compensation and contingent compensation. True False 3. Properly designed management control systems will eliminate fraudulent behavior by maximizing goal congruence within the organization. True False 4. A master budget consists of a one-year plan linked to (a) organizational goals, (b) strategic long-range profit...
In a successful company, the purpose of a control system is to: a. allow the managers...
In a successful company, the purpose of a control system is to: a. allow the managers to use punishments as a tool to ensure that the employees meet the company targets. b. provide managers with a set of incentives to motivate employees to work toward company goals. c. assign employees to specific value creation tasks and roles and specify how these tasks and roles should work together. d. decide how a company should create, use, and combine organizational structure and...
2. Which of the following does not describe a management control system? establishes a company’s strategic...
2. Which of the following does not describe a management control system? establishes a company’s strategic goals implements a company’s strategic goals monitors a company’s strategic goals a system that only measures profitability 4. A key advantage of a decentralized organization is ________. increased administrative costs quicker decisions and response time the ease of aligning segment and company goals duplication of efforts 6. Segments are uniquely identifiable components of the business and can be categorized by all of the following...
Help to answer 1-10, please Ch 1 1. Within the origins of financial management, who wrote...
Help to answer 1-10, please Ch 1 1. Within the origins of financial management, who wrote about the universal function of management in human endeavors? A) Plato B) Socrates C) The Sumerians D) None of these is correct 2. The basic types of healthcare organizations may be described as: A) profit-oriented. B) nonprofit-oriented. C) foundations that comply with all legal requirements. D) profit-oriented and nonprofit-oriented. E) None of these is correct. 3. Proprietary entity subgroups include: A) voluntary entities. B)...
2 pts Assessors in an assessment center are typically managers within the organization itself, not outside consulta...
2 pts Assessors in an assessment center are typically managers within the organization itself, not outside consultants. O True O False Next F7 F6 F5
2 pts Assessors in an assessment center are typically managers within the organization itself, not outside consultants. O True O False Next F7 F6 F5
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
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
Which statement regarding the levels of management in an organization is true? Group of answer choices Lower-level manag...
Which statement regarding the levels of management in an organization is true? Group of answer choices Lower-level managers spend most of their time planning within an organization. Most people get their first managerial experience as top managers of a company. First-line managers take care of the overall strategic direction of a company and play a key role in representing the company to stakeholders. Foreman, supervisor, and office service manager are some of the common titles for top managers within an...
Within the management function of planning, project managers and team members should settle on project objectives. goals, and strategies. Discuss how this task can help defining the "strategic fit" of the project to the organization?
Within the management function of planning, project managers and team members should settle on project objectives. goals, and strategies. Discuss how this task can help defining the "strategic fit" of the project to the organization?
2 pts Assessors in an assessment center are typically managers within the organization itself, not outside consultants. O True O False Next F7 F6 F5
2 pts Assessors in an assessment center are typically managers within the organization itself, not outside consultants. O True O False Next F7 F6 F5
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
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
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