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Liquidity ratios indicate how much cash an organization has accessible.

A) True
B) False

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A strategy map is a visual representation of the organizational flowchart.

A) True
B) False

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Except for in rare instances, employees at George's Pro Painting take responsibility for their own work and how it is done, rather than being governed by a rigid set of rules. George's Pro Painting is using decentralized control.

A) True
B) False

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The more goods and services that are produced and made easily available to us and for export, the higher our standard of living.

A) True
B) False

Correct Answer

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Which of the following is not one of the reasons that control is needed in an organization?


A) to adapt to change and uncertainty
B) to detect opportunities
C) to eliminate the need for teamwork
D) to deal with complexity
E) to decentralize decision making

F) C) and E)
G) A) and D)

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Tactical control is performed mainly by _____.


A) the CEO
B) top managers
C) middle managers
D) first-level managers
E) team leaders

F) A) and C)
G) B) and D)

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Productivity is defined by the formula of outputs divided by inputs for a specified period of time.

A) True
B) False

Correct Answer

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Employees' knowledge, courtesy, and ability to convey trust and confidence make up which dimension of the RATER scale?


A) reliability
B) empathy
C) tangibles
D) assurance
E) responsiveness

F) A) and C)
G) C) and E)

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______ control is an approach to organizational control that is characterized by informal and organic structural arrangements.


A) Relational
B) Functional
C) Decentralized
D) Bureaucratic
E) Market

F) C) and D)
G) None of the above

Correct Answer

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Lumber mills that sell sawdust and wood chips are increasing their efficiency of materials input.

A) True
B) False

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A variable budget can be adjusted over time to accommodate pertinent changes in the environment.

A) True
B) False

Correct Answer

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Current assets, fixed assets, and liabilities are all part of an organization's _____.


A) cash flow statement
B) capital expenditures budget
C) income statement
D) expense budget
E) balance sheet

F) A) and E)
G) A) and D)

Correct Answer

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Describe four techniques that are available for improving quality.

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Several tools and techniques are availab...

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Which balanced scorecard perspective helps top management's judgment to be better linked to measures of employee actions at lower levels?


A) operational perspective
B) internal business perspective
C) customer perspective
D) financial perspective
E) innovation and learning perspective

F) B) and E)
G) C) and D)

Correct Answer

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Kim, a customer service manager, tracks monthly complaints and has been trying over the past six months to reduce complaints to less than 0.2% through additional training for her staff. She is engaged in _____.


A) organizing
B) controlling
C) measuring
D) leading
E) planning

F) A) and D)
G) B) and E)

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Which kind of organization is most likely to try to exert too much control?


A) bureaucratic
B) market
C) employee-driven
D) decentralized
E) matrix

F) B) and D)
G) D) and E)

Correct Answer

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Which of the following is the best example of bureaucratic control?


A) Southwest Airlines
B) Ritz Carlton
C) Monica's Diner
D) Levi Strauss
E) U.S. Army

F) A) and B)
G) C) and E)

Correct Answer

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TQM assumes that continuous improvement must be an everyday matter and that no improvement is too small.

A) True
B) False

Correct Answer

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All of the following are reasons why performance falls significantly short of the standard except _____.


A) unrealistic standards
B) changing conditions
C) insufficient resources
D) insufficient management attention
E) unawareness of performance drop

F) A) and E)
G) All of the above

Correct Answer

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Twice daily, factory workers at Mountain CopperWorks select random samples from the production runs and test them for quality, rejecting runs if too many samples fall outside a standard range of acceptability. These workers are engaged in statistical process control.

A) True
B) False

Correct Answer

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