Unit 12: True & False and FTB

Control is relevant only for actions that occur during a process.

• TRUE

• FALSE

The type of control that takes place during a process or event is called concurrent control.

• TRUE

• FALSE

There are four steps in the control process: Establish strategic goals, Measure performance, Compare performance standards and Take corrective action.

• TRUE

• FALSE

Financial controls not only tell whether an organization is on sound financial footing, but they can be useful indicators of other kinds of performance problems.

• TRUE

• FALSE

The liquidity ratio is a financial ratio that indicates the organization’s ability to meet its current debt obligations.

• TRUE

• FALSE

A profitability ratio measures the organization’s internal performance with respect to key activities defined by management.

• TRUE

• FALSE

Decentralized control involves influencing employee behavior through extensive rules, policies, hierarchy of authority and written documentation.

• TRUE

• FALSE

The systematic process through which managers regulate organizational activities is known as

_____ can focus on events before, during, or after the process.

_____, ______, and _____ are the three types of control