BM 2 Unit 1 Flashcard Review

Front

The primary way that managers control employees is by:

Back

making sure employees are doing what they are supposed to be doing.

Front

What are the three primary characteristics of an effective control system in a business?

Back

suitable, understandable, and timely

Front

When managers control their businesses’ finances, their primary goal is to ensure that:

Back

the company is using its funds wisely, while earning as much as it can.

Front

Employee self-reporting, automatic data collection and analysis, and meetings are all methods that managers can use to:

Back

measure the organization’s performance.

Front

Which presents serious security risks that managers must monitor and control? Options: marketing, employees, technology, production of goods

Back

technology

Front

Before Bob can pay the business’s bills, he checks with Ingrid to verify that accounts receivable are coming in and that there is enough cash in the checking account to cover the expenses. This is an example of coworkers who are:

Back

coordinating their work efforts.

Front

Melanie’s supervisor made changes in some of Melanie’s tasks so that she could finish them more easily. The technique the supervisor used is:

Back

job simplification.

Front

Introducing a product to a limited group of customers to see what its acceptance will be is what type of control?

Back

marketing

Front

To achieve the business’s goal of maintaining adequate inventory levels, each employee must perform his/her tasks in a/an

Back

sequential order.

Front

One way for businesses to help employees prioritize their work responsibilities is by conducting a/an:

Back

job analysis.