Monitoring budgets, costs, performance, and improvement are part of the management process known as controlling. is this statement true or false
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10. Monitoring budgets, costs, performance, and improvement are part of the management
process known as controlling. is this statement true or false
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- When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.changes to the company’s operations and then reviews the resulting revenue. What step in the planning/control cycle would this represent?1- Which of the following functions of management ensures that planned objectives set are achieved? a. Directing b. Organizing c. Controlling d. Planning
- What are the differences among a pervasive control plan, a business process control plan, an application control plan, and an IT control process?2. Two managerial functions identified by the French Industrialist, Henry Fayol in the early 1900s are planning and control. a. a. TRUE b. FALSEBecause of this, planning, monitoring, and control are frequently seen as closed systems. Which techniques for planning, monitoring, and control do managers employ?
- why does an emphasis on accounting limit an understanding of the broader importance of mangement control? what contribution can non financial performance managwement make to our understanding of management control within organizations?1. What are the 5 Functions of Management? 2. What will happen if these functions will be mismanaged? 3. How important is managing of these functions of management? 4. How a manager should manage these functions?b. I n what multifaceted ways can the implementation of Management by Objectives (MBO) serve as a robust mechanism to not only establish and monitor organizational goals but also mitigate the risk of goal displacement, ensuring alignment with the overarching strategic vision and sustained performance excellence?
- Which one of the following budgets would be prepared first? O Sales budget O Cash budget O Budgeted statement of financial position O Budgeted statement of profit or losscreate an Operationalplan for a wind farm (wind turbines that produce electrcity) Your operational plan should include key processes,structures and strategies involved in the transformation ofinputs into outputs. Where possible, a transformationmodel may be used to demonstrate this process. Thebusiness approach to planning and management ofproduce and services may also be included. And descriptions of key personnel and the organisationalstructure, employments agreements, etc.write an essay about which one of the statements you agree or disagree with regarding tomarket efficiency Manager A: “Shareholders will never know our capital budgeting decisions.” Manager B: “We cannot fool shareholders and the market. The market and shareholders will punish the company if bad capital budgeting decisions are made