12-1 The practice of delegating authority to division-level managers by top management is a. decentralization. b. good business practice. c. centralization. d. autonomy. e. never done in business today.
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12-1 The practice of delegating authority to division-level managers by top management is
a. decentralization.
b. good business practice.
c. centralization.
d. autonomy.
e. never done in business today.
Step by step
Solved in 2 steps
- 13. INTERNAL CONTROL EVERGREEN CORP Evergreen Corp has recently hired a CIO with pro gressive ideas regarding relationship management . He did not like the silo effect cause by strict segrega tions between key duties within the IT function . To resolve this perceived problem and to create a sense of ownership among the IT staff , the CIO restruc tured IT operations to include the following prac tices : individual IT professionals are assigned exclusively to specific "clients " in business functions such as sales processing , billing , and customer account maintenance . Each professional provides a range of IT services for his or her respective clients including data input where necessary , computer operations , program changes , and documenting sys tems (record layouts , system flowcharts , and pro gram listings ) . They also reconcile computer output reports and logs of transactions errors . Required a . Identify and explain any control concerns you have with the new operations . b .…Which of the following is not a reason for decentralizing? a. Training and motivating managers b. Unmasking inefficiencies in subdivisions of an overall profitable company c. Allowing top management to focus on strategic decision making d. Allowing top management to make all key operating decisions throughout the company e. All of these.Which of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitability
- In centralized organizations, primary decisions are made by __________. A. an individual at the top of the organization B. various managers throughout the organization C. outside consultants D. low-level managementManagers in decentralized organizations make decisions relating to all of the following except_______. A. the companys stock price B. equipment purchases C. personnel D. prices to charge customersIn a centralized organization, where are goals established? A. at the lower level of the organization and promoted upward B. outside the organization based on best practices in the industry C. by each segment of the organization D. at the highest level of the organization and promoted downward
- Question 9.1 With respect to each of the following activities, characteristics, and applications, indicate whether they are primarily identified as being found in a centralized organization, a decentralized organization, or both types of organizations. both centralization decentralization Required: Freedom for managers at lower organizational levels to make decisions. Gathering information may be very expensive. Greater responsiveness to user needs. Have few interdependencies among divisions. Maximum constraints and minimum freedom for managers at lowest levels. Maximization of benefits over costs. Minimization of duplicate functions. Minimum of sub optimal decision making. Multiple responsibility centers with various reporting units. Profit centers.Question 1.1 Example Ltd is a manufacturer. Which of the following is an example of the control function in management accounting? Setting production targets for new product models. Awarding bonuses to top performing managers. Developing corrective actions in response to lower than expected production levels. Pursuing legal actions against patent infringement.Establishing effective controls minimizes waste, which lowers. costs and increases profits. Which objective of internal control is this statement referring to? O O о Safeguard assets Ensure accurate, reliable accounting records Promote operational efficiency Encourage employees to follow company policies I DON'T KNOW YET
- 57. The managerial function of controlling a. is performed only by the controller of a company. b. is only applicable when the company sustains a loss. c. is concerned mainly with operating a manufacturing segment .d. includes performance evaluation by management.Which of the follow is an advantage of decentralization? Group of answer choices Decision made by one manager may have a negative impact on the performance of a manager of another department. Duplication of services since different departments use their own admin and support services. Departmental goals and the goals of the company not be congruent or aligned. Managers can make decisions quickly without having to wait for approval from upper management.35. A factors of control environment that covers the applicable directives from management in ensuring all employees understand the organization’s objectives, their individual actions interrelate, their contribution and determine how they would be held accountable: Group of answer choices None of the choices Assignment of Authority and Responsibility Commitment to Competence Organizational Structure Human Resources Policies and Practices
