C Aplias Chapter 19 Tables Q mgt fral Flashcards| | Mindlap drng. x sholurly Art

Question

C Aplias Chapter 19 Tables Q mgt fral Flashcards| | Mindlap drng. x sholurly Artidle Anal ng cengage.com 221309064 MINDTAP Aplia: Chapter 19 A manager who compares sales results with sales goals is using this process to determine what changes to make in future activities or goals. In this type of budgeting system, senior managers tell junior managers what targets they should hit This ratio shows how many times a company can pay off iRs current liabilities with the cash or mear-cash assets it currently has on hand. can pay The basic assumption of this form of control is that people can monitor and control their own actions when they are fully committed to th organization. When using this technique, companies measure themselves against the "best in the business. Developed to create a single global model of quality guidelines and standards, this system encourages regular audits to verity effective management processes Type here to search

Explanation / Answer

1. Answer- Organizational Control. This is a process where the end results are gauged against the pre-determine goals for making any changes in future.

2. Answer- Bottom-up budgeting system. In this type of budgeting system, the senior managers get the relevant information and the needed funds from the junior managers.

3. Answer- Cash-Ratio. Cash ratio is determined by using the formula Cash + Cash Equivalents/ Current Liabilities.

4. Answer- Decentralized control. In this system it is assumed that the employees can own monitor and own their own activities being performed in a company.

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