udent Name:......(II....... rimester 2, 2022 1sa FIN'912 FINANCIAL & MANGEMENT CONTROLS to noissilermot boas9159b 2biswol vilsuzu ovlove alounos usill ,wong an a N CLASS EXERCISE / QUIZ #1: 7.5% Time allowed: 20 minutes Week 4 housemoti 91sodsle 2291 2biswol vilsuzu ovlove alownoo Ter , wong emil aA a amojave ("grilauooos") 1.) to Management control cantbe described as:love elonnoo lied ,wong emil RA . A. The process by which management is controlled by the judicial systemsoonq B. The process by which management is making use of accounting systems tos .I generate reports such as income statements, balance sheets and cash flow statements C. The process by which management encourages, enables, or, sometimes /'forces"(.F D. all of above employees to act in the organizationis best interests 10iverled bolesisini-1152 .A alsog Isnoissinggio rhiw sbionioo ton ob alsog Isubivibni .a 2. ) asvitosido Isnoitssinggio of bolnil ton 516 29igstsT2 IsnoisSingTO . From the process point of view, which is the best statement of the purpose of Control? A. To minimize change from predetermined standards dw elonnoo to 29iqmisz B. To enable the system to adapt to environmental changes n929vni no mu191 .A C. To ensure that the plan is achievedinozisq bris lounoo noitos .lownoo aflu291 .a D. To know in advance what is likely to happenid ssvolqms .noizivisque Joglib . AOA & son9 91812 Ji1019 Ish .a 3.) The concept of redundancy in management control is generally defined as: I Au Holding employees accountable for the actions they takery nadw nousulia A (.e B. Scrutinizing of action plans, investment proposals and budgetsoilizeslo sd nso Isog C. Assigning more people (or machines) to a task than necessary nousvitom .A D. Doing the task over and over again gonsungnoo log .8 holts 4 . ) A benefit of Results control is that: vinonotus .a] A. Behavior can be influenced while allowing significant autonomy Built tends to lead to documentation of the accumulation of knowledge as to what (.01 as bormoi 916 noussinggio ns iguo works best C. It is an efficient way of coordination, i.e. they increase the predictability of actions and reduce the amount of inter-organizational information flows to achieve a. 8 meleva lounoo lsionsnil . coordinated effort moleva lonnoo ingmogensm a D. A & C What best describes why tight control can be considered "good control"? 5.) A. Because it provides a high degree of certainty that people will act as the organization wishes (assuming away harmful side-effects) B. Because it decreases the predictability of actions and reduces the amount of inter- organizational information flows to achieve a coordinated effort C. Because it involves rewarding individuals for generating good results (or punishing them for poor results)? D. All of aboveStudent Name:......(!!.................. ID.#:...amen.inabuja 6.) Regarding action accountability and results control, which statement is true.T procedures A. As firms grow, their controls evolve usually towards decreased formalization of US : bowolls omiT .2.V : I# SIUO \\ #215SIX 22A19 VI B. As firms grow, their controls evolve usually towards less elaborate information ("accounting") systems C. As firms grow, their controls evolve usually towards increased formalization of (.I procedures a Isioibut ord vd bellownos zi Inomogensm doirlw vd 229501q 9dT .A D. all of above gnittuooos to 92u gridsm ai Inomogensm doidw vd 229501q ST .a woll daso bris elsera sonsled , zinsmoisle smooni 26 dou2 anoqo1 91619198 7.) 25 Lack of goal congruence occur in organizations when doidw vd 229501q sIT . A. self-interested behavior is manifested in laziness.g10 9di ni tos of assvolqmig B. individual goals do not coincide with organizational goals. vods to Ils .(1 C. organizational strategies are not linked to organizational objectives. D. Individual goals coincide with the goals of the organization 29501q sri mor] Slowno 8.) Examples of controls which do not focus on measured performance are:I oT .A A. return on investment, return on equity and revenue generation grli oldens of .a B. results control, action control and personnel controki asiq ard Isrif signs of C. direct supervision, employee hiring standards and codes of conduct word of .I D. Net Profit, Share Price & ROA :26 benilob vilsigning zi lolnoo insmogsham ni vonsbubsT to Iqsonoo ST 9. ) A situation when groups and individuals work together for achieving a particular goal can be classified as bud bris elseoqoiq Inonzovni , anBlq noilor to gnisinalo a A. motivation visezooon nerf last s of (2unidosma 10) elqosq som gningizeA B. goal congruence C. effort :16th ei lonnoo ellnessI To litsnod A CA D. autonomy vinonotus insortingie guiwolls slidw boonsufini od ass rivals .A 10.) In Means of collecting and using information, to coordinate decision and planning lead ashow through an organization are termed as er A. customer control system sioni vorite.i noisniblood to yaw Instoms neill ) B. business control system notni lanoussinggio-sim To income sth souber but C. financial control system D. management control system