Management Control Quiz

Managerial control involves monitoring work efforts by comparing actual results to standards and taking corrective action.

• True

• False

Concurrent control occurs after a process is completed.

• True

• False

Feedforward control is used to monitor and control performance before it happens.

• True

• False

A warranty guarantees that a product will last forever.

• True

• False

A break-even analysis determines the point at which revenues equal total costs.

• True

• False

_________ control involves monitoring performance while it is occurring.

The process of verifying an organization’s accounts and records is known as an ________.

The _________ curve describes how people adapt to organizational changes.

_________ costs are incurred when defective products reach customers.

The ability to manage financial, social, and environmental risks for long-term viability is called _________.