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Management Ch. 14

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Control   show
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Bureaucratic Control   show
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Market Control   show
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show Control based on the norms, values, shared goals, and trust, among group members.  
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show Expected performance for a given goal: a target that establishes a desired performance level , motivates performance, and serves as a benchmark against which actual performance is assessed.  
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show A managerial principle stating that control is enhanced by concentrating on the exceptions to or significant deviations from the expected result or standard.  
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show The control process used before operations begin, including policies, procedures, and rules designed to ensure that planned activities are carried out properly.  
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Concurrent Control   show
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Feedback Control   show
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show An evaluation of the effectiveness and efficiency of various systems within an organization.  
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External Audit   show
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show A periodic assessment of a company's own planning, organizing, leaning, and controlling processes.  
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Budgeting/Budgeting Controlling   show
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Accounting Audits   show
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Activity-Based Costing (ABC)   show
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Balance Sheet   show
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show The values of the various items the corporation owns.  
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show The amounts a corporation owes to various creditors.  
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show The amount accruing to the corporation's owners.  
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show An itemized financial statement of the income and expenses of a company's operations.  
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show A liquidity ratio that indicates the extent to which short-term assets can decline and still be adequate to pay short-term liabilities.  
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show A leverage ratio that indicates the company's ability to meet its long-term financial obligations.  
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Return on Investment (ROI)   show
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Management Myopia   show
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show Control system combining four sets of performance measures: financial, customer, business process, and learning and growth.  
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Transfer Price   show
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Created by: sfrase
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