AEB 3133 Exam 3 with complete solutions
h h h h h h
2024
h
What his horganizational hcontrol? h- hANSWER✓✓-Regulation hof horganizational
hactivities hto hfacilitate hgoal hattainment
When hclassifying hcontrols hon hthe hbasis hof hthe hresources hinvolved, hwe hfind
hthat hone hclass hof hresources his hrelated hto hthe hcontrol hof hall hother hresource
hclasses has hwell. hWhich hresource hclass hoverlaps hall hother hclasses? h-
hANSWER✓✓-Financial
A hcompany hhas hsurplus hcash hto hinvest, hso hit hfully hinvestigates havailable
hinvestment hopportunities hto hdetermine hwhich hwill hgive hthe hbest hreturn.
hWhat htype hof hoperations hcontrol hdoes hthis haction hrepresent? h-
hANSWER✓✓-Steering
To hthe hextent hpossible, hstandards hused hfor hcontrol hpurposes hshould hbe
hderived hfrom h- hANSWER✓✓-Organizational hgoals
Your hmanagement hinformation hsystem hprovides hmanagers hwith hweekly hdata
hconcerning hdeviations hfrom hstandards hin heach hdepartment. hWhich hstep hin
hthe hcontrol hprocess hdoes hthis hrepresent? h- hANSWER✓✓-Comparison hof
hperformance hto hstandards
"Timely," has hthe hterm hrelates hto hcontrol hmeans h- hANSWER✓✓-As hneeded
With hrespect hto hcontrol hsystems, hparticipation hand hManagement hBy
hObjectives h- hANSWER✓✓-Are htechniques hfor hovercoming hresistance hto
hcontrols
With hrespect hto hcontrol hsystems, hparticipation h- hANSWER✓✓-is ha htechnique
hfor hovercoming hresistance hto hcontrols
Food hsafety hrefers hto h- hANSWER✓✓-All hof hthem hare hinvolved hin hfood
hsafety
, Assuring hfood hsafety his hthe hresponsibility hof h- hANSWER✓✓-All hof hthem hare
hresponsible hfor hfood hsafety
What his hcontrol, hand hwhy his hit himportant hto horganizations? h- hANSWER✓✓-
Control his hthe hprocess hof hmonitoring hand hadjusting horganizational hactivities
htoward hgoal hattainment. h
Companies hneed hcontrol hto hbe hable hto hrespond hto henvironmental hchanges,
hto hdeal hwith horganizational hcomplexity, hand hto hprevent hcompounding
heffects hof herrors.
Discuss heach hof hthe hsteps hin hestablishing ha hcontrol hsystem. h- hANSWER✓✓-
There hare hfour hbasic hsteps hto hestablishing ha hcontrol hsystem: hsetting
hstandards, hassessing hperformance, hcomparing hperformance hwith hstandards,
hand hevaluating hand hadjusting.
The hstandards hshould hbe hderived hfrom hand hconsistent hwith hthe hgoals hof
hthe horganization.
Assessing hperformance his hnot halways heasy, hparticularly hif hthe hstandards hare
hnot hobjective hand hmeasurable, hbut hit hmust halways hbe hdone.
Comparing hperformance hagainst hthe hstandard hwill halso hbe heasy hin hsome
hcases hand hdifficult hin hothers.
In hterms hof hevaluation hand hadjustment, hthree hactions hmay hbe happropriate:
hto hkeep hthings hthe hsame, hto hcorrect hthe hdeviation, hor hto hchange hthe
hstandard.
Which hstep hin hthe hcontrol hsystem his hlikely hto hbe hthe hmost hdifficult hto hcarry
hout, hin hyour hopinion? hWhy? h- hANSWER✓✓-Setting hstandards his hparticularly
hdifficult hwhen hthe hstandards hmust hbe hqualitative. hKnowing hwhether
hstandards hare hfair his halso hdifficult.
Evaluation hand hadjustment his hoften hthe hstep hthat hmeets hwith hthe hmost
hresistance, hparticularly hwhen hsome haction hthat hemployees hconsider hpunitive
his htaken hto hcorrect ha hdeviation hin hperformance.
Briefly hdescribe hthe hcharacteristics hof heffective hcontrols. h- hANSWER✓✓-
Effective hcontrol hhas hfive hattributes: hintegration, hobjectivity, haccuracy,
htimeliness, hand hflexibility.
Integration hmeans hthat hthe hcontrol hsystem hmust hfit hinto hthe hoverall
horganizational hsystem.
h h h h h h
2024
h
What his horganizational hcontrol? h- hANSWER✓✓-Regulation hof horganizational
hactivities hto hfacilitate hgoal hattainment
When hclassifying hcontrols hon hthe hbasis hof hthe hresources hinvolved, hwe hfind
hthat hone hclass hof hresources his hrelated hto hthe hcontrol hof hall hother hresource
hclasses has hwell. hWhich hresource hclass hoverlaps hall hother hclasses? h-
hANSWER✓✓-Financial
A hcompany hhas hsurplus hcash hto hinvest, hso hit hfully hinvestigates havailable
hinvestment hopportunities hto hdetermine hwhich hwill hgive hthe hbest hreturn.
hWhat htype hof hoperations hcontrol hdoes hthis haction hrepresent? h-
hANSWER✓✓-Steering
To hthe hextent hpossible, hstandards hused hfor hcontrol hpurposes hshould hbe
hderived hfrom h- hANSWER✓✓-Organizational hgoals
Your hmanagement hinformation hsystem hprovides hmanagers hwith hweekly hdata
hconcerning hdeviations hfrom hstandards hin heach hdepartment. hWhich hstep hin
hthe hcontrol hprocess hdoes hthis hrepresent? h- hANSWER✓✓-Comparison hof
hperformance hto hstandards
"Timely," has hthe hterm hrelates hto hcontrol hmeans h- hANSWER✓✓-As hneeded
With hrespect hto hcontrol hsystems, hparticipation hand hManagement hBy
hObjectives h- hANSWER✓✓-Are htechniques hfor hovercoming hresistance hto
hcontrols
With hrespect hto hcontrol hsystems, hparticipation h- hANSWER✓✓-is ha htechnique
hfor hovercoming hresistance hto hcontrols
Food hsafety hrefers hto h- hANSWER✓✓-All hof hthem hare hinvolved hin hfood
hsafety
, Assuring hfood hsafety his hthe hresponsibility hof h- hANSWER✓✓-All hof hthem hare
hresponsible hfor hfood hsafety
What his hcontrol, hand hwhy his hit himportant hto horganizations? h- hANSWER✓✓-
Control his hthe hprocess hof hmonitoring hand hadjusting horganizational hactivities
htoward hgoal hattainment. h
Companies hneed hcontrol hto hbe hable hto hrespond hto henvironmental hchanges,
hto hdeal hwith horganizational hcomplexity, hand hto hprevent hcompounding
heffects hof herrors.
Discuss heach hof hthe hsteps hin hestablishing ha hcontrol hsystem. h- hANSWER✓✓-
There hare hfour hbasic hsteps hto hestablishing ha hcontrol hsystem: hsetting
hstandards, hassessing hperformance, hcomparing hperformance hwith hstandards,
hand hevaluating hand hadjusting.
The hstandards hshould hbe hderived hfrom hand hconsistent hwith hthe hgoals hof
hthe horganization.
Assessing hperformance his hnot halways heasy, hparticularly hif hthe hstandards hare
hnot hobjective hand hmeasurable, hbut hit hmust halways hbe hdone.
Comparing hperformance hagainst hthe hstandard hwill halso hbe heasy hin hsome
hcases hand hdifficult hin hothers.
In hterms hof hevaluation hand hadjustment, hthree hactions hmay hbe happropriate:
hto hkeep hthings hthe hsame, hto hcorrect hthe hdeviation, hor hto hchange hthe
hstandard.
Which hstep hin hthe hcontrol hsystem his hlikely hto hbe hthe hmost hdifficult hto hcarry
hout, hin hyour hopinion? hWhy? h- hANSWER✓✓-Setting hstandards his hparticularly
hdifficult hwhen hthe hstandards hmust hbe hqualitative. hKnowing hwhether
hstandards hare hfair his halso hdifficult.
Evaluation hand hadjustment his hoften hthe hstep hthat hmeets hwith hthe hmost
hresistance, hparticularly hwhen hsome haction hthat hemployees hconsider hpunitive
his htaken hto hcorrect ha hdeviation hin hperformance.
Briefly hdescribe hthe hcharacteristics hof heffective hcontrols. h- hANSWER✓✓-
Effective hcontrol hhas hfive hattributes: hintegration, hobjectivity, haccuracy,
htimeliness, hand hflexibility.
Integration hmeans hthat hthe hcontrol hsystem hmust hfit hinto hthe hoverall
horganizational hsystem.
