Controlling and control mechanisms

Assignment Help Management Theories

Reference no: EM13523217

IMPROVING PERFORMANCE AND CONTROLLING THE CRITICAL CYCLE
QUESTIONS

1. What is the essential difference between controlling and control mechanisms?

2. Explain the concept of the Six Sigma strategies. Give examples with your answer.

3. What is the potential weakness at the heart of the process of benchmarking, when we compare our performance or results against those of another organization?

4. Why can we legitimately say that a considerable part of the manager's job is cyclic? What particular cycle are we referring to here?

5. What are the tools of control referred to in the text? Explain the use of each.

CHAPTER 7 - BUDGETING: CONTROLLING THE ULTIMATE RESOURCE
QUESTIONS

1. Describe the budget process. In what respects is a budget both a planning mechanism and a control tool?

2. Explain why capital expense is planned and accounted for in a budget of its own, separate from the operating budget.

3. What is the defining difference between a direct expense and an indirect expense? Give examples of a direct expense and indirect expense with your response.

4. Describe the use of over-aim or contingency planning as used in budget preparation. Evaluate the use of each in the budget preparation process.

5. What is the department manager's role in identifying, explaining, and acting upon budget variances?

Reference no: EM13523217

Questions Cloud

Which is the best course of action : If maximizing net income is the objective, which is the best course of action and show all of your computations.

How long would this telescope be between the two lenses : While Galileo did not invent the telescope, he was the first known person to use it astronomically, beginning around 1609. How long would this telescope be between the two lenses

Explain metal does not dissolve in a typical strong acid : Explain why Copper metal does not dissolve in a typical strong acid such as hydrocholoric acid but will dissolve in 1M nitric acid

What is the range of the effective focal length of the lens : We can model the eye as a sphere 2.50 in diameter with a thin lens in the front and the retina along the back surface. What is the range of the effective focal length of the lens of the eye for this person? fmin and fmax

Controlling and control mechanisms : What is the essential difference between controlling and control mechanisms

What is the current when the resistor is hooked up : Suppose an old flashlight battery shows a voltage of 1.45 V when the probes of a voltmeter are placed across it. What is the current when the resistor is hooked up

Compute the net present value of each project : Compute the net present value of each project - which project should be adopted based on the net present value approach?

Compute the observed rotation for a solution of a substance : Calculate the observed rotation for a solution of a substance (2.0g/mL) that is 80% optically pure. A 2-dm cell is used. The specific rotation for the optically pure substance is +20o.

The inter-arrival and service times closely : Historical data have shown that both the inter-arrival and service times closely

User Account

All Pages