Accounting and Management Quiz

What is an example of a pro for manual accounting systems?

• Less errors are made when adding up transactions

• It takes less time to post all entries to all ledgers

• Backing up the manual system it easy

• Individual accounts can be easily reconciled

What is NOT an example of a con for a computerized system?

• The ability to analyze trends is easier

• It is difficult to access information when at another location

• It is difficult to keep accounting system up to date

• It is easier to erase transactions that are wrong

An autocratic leader

• gives orders to employees

• takes orders from employees

• asks for employees input

Which type of management style asks for employee input?

• autocratic style

• bureaucratic style

• democratic style

What organizational structure is the military an example of?

• Horizontal Management

• Chain of Command

• Informal Organization

• Total Quality Management

What term refers to your responsibility to someone or for some activity?

• horizontal management

• vertical management

• authority

• accountability

What does a lateral (or horizontal) organizational chart illustrate?

• Areas of specialty

• Different departments on same level

• Each person reports to one supervisor

• Areas of centralization

What does a line organizational chart illustrate?

• Areas of specialty

• Different departments on same level

• Each person reports to one supervisor

• Areas of centralization

What are the five functions of management?

• Planning, organizing, staffing, selling, and controlling.

• Planning, organizing, staffing, leading, and controlling.

• Planning, staffing, leading, managing, and controlling.

• Planning, staffing, leading, performing, and controlling.

Setting goals and developing methods to meet those goals is the definition for what?

• Managing

• Hiring

• Planning

• Leading