Mng/Marketing Verified Practice Questions And 100% Correct Answers.

Operations control - correct answer focuses on the processes the organization uses to transform resources into products or services Financial control - correct answer is concerned with the organization's financial resources. Monitoring receivables to make sure customers are paying their bills on time is an example of financial control. Structural control - correct answer is concerned with how the elements of the organization's structure are serving their intended purpose. Strategic control - correct answer focuses on how effectively the organization's corporate, business, and functional strategies are succeeding in helping the organization meet its goals. preliminary control - correct answer concentrates on the resources—financial, material, human, and information—the organization brings in from the environment. Screening control - correct answer focuses on meeting standards for product or service quality or quantity during the actual transformation process itself. Screening control relies heavily on feedback processes. For example, in a Dell assembly factory, computer system components are checked periodically as each unit is being assembled. Budgets - correct answer is a plan expressed in numerical terms. Organizations establish budgets for work groups, departments, divisions, and the whole organization. Balance Sheet Budget - correct answer