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67.
The activity-based costing system
68.
The Midwest Digital Training Center has begun a new system of allocating costs according
69.
A company's balance sheet shows its
70.
A report that shows the financial picture of a company at a given time and itemizes assets,
liabilities, and stockholders' equity is referred to as a(n) ____.
71.
Which of the following are the basic elements of a balance sheet?
72.
On the balance sheet, the values of the various items a corporation owns are referred to
as ____.
73.
Martha developed a revised balance sheet for her company. She used the balance sheet to
show her company's ______ (the amounts the company owes to various creditors).
74.
On the balance sheet, the amount accruing to a corporation's owners is referred to as
____.
75.
An itemized financial statement of the income and expenses of a company's operations is
called the ____.
76.
Which of the following can be drawn tentatively and used as a goal against which actual
performance can be measured?
77.
Liquidity ratios indicate a company's
16-86
78.
_____ ratio is a liquidity ratio that indicates the extent to which short-term assets can
decline and still be adequate to pay short-term liabilities.
79.
Grace has just reviewed a number of indicators of financial control for her firm. One that
worries her indicates that the company may soon have trouble making loan payments and
clearing its current accounts receivables. In this case, Grace is concerned about the _____
ratio.
80.
Leverage ratios indicate
81.
The debt-equity ratio is an example of a _____ ratio.
82.
Which of the following best describes what a profitability ratio is?
16-89
83.
A ratio of profit to capital used, or a rate of return from capital, is referred to as ____.
84.
Management myopia occurs when managers
85.
Which of the following is an outcome of bureaucratic controls?
16-91
86.
Manuel was new to his organization but quickly noticed a pattern at the annual budgeting
session. Mid-level managers were asking for unrealistically high budgets, while top
management was attempting to request budgets under last year's actual expenditures.
Both parties were using strategies that are referred to as ____.
87.
To be effective, control systems should
88.
In order to gain employee acceptance of a control system, managers should
16-93
89.
In contrast to bureaucratic controls, market controls involve the use of
90.
Which of the following is the most pertinent argument against market control
mechanisms?
91.
The price charged by one unit for a good or service provided to another unit within the
organization is referred to as a(n) _____ price.
16-95
92.
The increasing need for clan control is caused by the
93.
Empowerment is important in organizations today because
94.
The effective use of clan control is associated with employee ____.
