Filters
Question type

Study Flashcards

List the steps in the control process.

Correct Answer

verifed

verified

The four control process steps are (1) e...

View Answer

Lean Six Sigma focuses on problem solving and performance improvement, or speed with excellence of a well-defined project.

Correct Answer

verifed

verified

Managers should develop control standards when they are developing strategic plans to measure how well the plans are being achieved.

Correct Answer

verifed

verified

Managers can increase overall productivity by increasing the efficiency of all the following except _____.


A) goals
B) energy
C) materials
D) labor
E) capital

Correct Answer

verifed

verified

Which of the following is not a principle of Deming management?


A) Quality should be aimed at the needs of the consumer.
B) Companies should determine which workers are to blame for problems.
C) Improved quality leads to increased market share and employment.
D) Quality can be improved on the basis of hard data.
E) Companies should aim at improving the system.

Correct Answer

verifed

verified

GlobalSatellite, applying TQM, restructured its service call procedures and eliminated some steps involved so that employees can finish each call faster. This is an example of reduced cycle time.

Correct Answer

verifed

verified

Productivity equals _____.


A) labor, capital, energy, and materials, divided by goods and services produced
B) goods and services produced, divided by labor, capital, energy, and materials
C) labor, energy, and capital, divided by goods, services, and materials
D) goods and services and energy and materials, divided by labor and capital produced
E) energy and materials, divided by labor and capital

Correct Answer

verifed

verified

One of the reasons that measurement-managed firms succeed is due to strong teamwork and cooperation among the management team and more willingness to take risks.

Correct Answer

verifed

verified

Describe at least three TQM techniques. For each, describe how a company would implement this technique.

Correct Answer

verifed

verified

The techniques described in the text are...

View Answer

Define a strategy map and describe its purpose.

Correct Answer

verifed

verified

The strategy map, a visual representatio...

View Answer

Control systems should be flexible.

Correct Answer

verifed

verified

The point of an audit is to provide a yardstick against which managers can measure performance and make comparisons as with other departments or previous years.

Correct Answer

verifed

verified

A markdown on certain grocery store items that results in a rush of customer demand for those products is an example of the use of control systems to detect opportunities, such as reducing prices for similar items.

Correct Answer

verifed

verified

Standards can be set for almost anything and be narrow or broad.

Correct Answer

verifed

verified

Describe the purpose of the RATER scale and its dimensions.

Correct Answer

verifed

verified

The RATER scale, which enables customers...

View Answer

List at least four of six managerial challenges.

Correct Answer

verifed

verified

A manager has to deal with six challenge...

View Answer

Describe the barriers to the success of control systems. Consider one of your college classes as an example and your instructor as someone who would like to have good control systems in place. Explain if and how the barriers have detracted from performance in the class.

Correct Answer

verifed

verified

The barriers are:
• Too much control.
• ...

View Answer

______ is defined as monitoring performance, comparing it with goals, and taking corrective action as needed.


A) Measuring
B) Leading
C) Organizing
D) Controlling
E) Planning

Correct Answer

verifed

verified

Debt management ratios indicate the degree to which an organization can meet its short-term financial obligations.

Correct Answer

verifed

verified

Which of the following is part of Deming's PDCA cycle?


A) check
B) direct
C) apply
D) process
E) decide

Correct Answer

verifed

verified

Showing 61 - 80 of 160

Related Exams

Show Answer