19. Which of the following elements is not part of a management control system?

a. performance evaluation system b. compensation and reward system c. delegated decision authority d. knowledge of local conditions

20. It refers to setting standards, measuring actual performance, and taking corrective action.

a.Control management b.Control process c.Planning d.Planning and

21. _______________ are concerned with the inflows and outflows of cash and with financial position.

a.Operating budgets b.Financial budgets c.Continuous budgets d.Master budgets

25. All of the following are benefits of decentralization EXCEPT that it:

a. creates greater responsiveness to local needs b. leads to quicker decision making c. sharpens the focus of managers d. decreases management and worker morale

28. Decentralization refers to the delegation of decision-makingauthority to

a. Top superiors. b. Top management c. board of directors. d. subordinates.

29. ___________________ is the delegation of decision-making authority to successively lower management levels in an organization.

a. Optimization b. Decentralization c. Centralization d. An unfavorable overhead variance