is a prerequisite for the design or goal of any Management Control System.
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is a prerequisite for the design or goal of any Management
Select one:
O a Objectives
O b. Planning
O c. Control O
d. Management responsibility
Step by step
Solved in 2 steps
- 1. Which managers and departments in an organization are responsible for the following: Execution risk Strategic risk Technology risk Reputation risk Process risk Systems risk Privacy risk 2. What is a Control Strategy for the following risks: Execution risk Strategic risk Technology risk Reputation risk Process risk Systems risk Privacy risk5) Implementation of planned decisions and evaluating performance is classified as: a. Evaluation b. Decision making c. Controlling d. PerformingWhich step is NOT spelled out in the management process:a) Planningb) Predictingc) Staffingd) Leadinge) Controlling
- Explain the following financial tools used for control. Include an explanation of each of their value in business planning. financial statements balance sheet income statement audits (internal and external)9) A(n)__ is set by and for middle management of an organization. strategic goal operational goal O interim goal tactical goalWhat does it mean to state that for variance analysis to be effective, it shouldresult in better communication between managers?
- Management control definition? Briefly explain the important roles played by management control in a business.Neil is decision maker for Pepe's Atlantic sausage company. Because there are several suppliers of the ingredients and their prices fluctuate, he has come up with several different formulations for the various sausages that he makes, depending on the availability of particular ingredients from particular suppliers. He often orders ingredients accordingly twice a week. Even though he cannot predict when ingredients will become available at a particular price, his ordering of supplied can be considered routine. 1. On what level of management is Neil working? Explain in a paragraph. 2. What attributed of his job would have to change before you would categorize him as working on a different level of management? List them.Quantitative Methods 1.The minimum expected opportunity loss ____________________. a.) is equal to the highest expected payoff. b.) is greater than the expected value with perfect information. c.) is equal to the expected value of perfect information. d.) is computed when finding the minimax regret decision. 2.) A decision tree is preferable to a decision table when_________________________. a.) a number of sequential decisions are to be made. b.) probabilities are available. c.) the maximax criterion is used. d.) the objective is to maximize regret. 3.In decision theory, probabilities are associated with _____________________. a.) payoffs. b.) alternatives. c.) states of nature. d.) none of the above.
- Describe what are the objectives of control and production planning?Problem 3-4 (Static) An electrical contractor's records during the last five weeks indicate the number of job requests: 2 3 22 18 Week: Requests: 1 20 4 21 Click here for the Excel Data File Predict the number of requests for week 6 using each of these methods: a. Naive. 5 22 Answer is complete but not entirely correct. Number of requests 24 X requests b. A four-period moving average. (Round your answer to 2 decimal places.). Answer is complete but not entirely correct. Number of 23.25 c. Exponential smoothing with a = 0.30. Use 20 for week 2 forecast. (Round your intermediate calculations and fina mal nisenelWhat are some of the goals that should be accomplished by using a control system?