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WorksheetsControlling
Total questions: 20
Worksheet time: 10mins
Which of these is not a step in controlling?
Set Goals
Monitor the business performance
Investigate deviations from goals
Fire underperforming workers
Which of these is not a element of controlling?
Stock Control
Recruitment Control
Credit Control
Quality Control
It involves buying from a supplier who delivers exactly the right amount of perfectly made stock at exactly the time
AOB
JIT
TIG
LUT
JIT Stands for?
None of the above
Jury in time
Just in Thought
Just in Time
Which of these is not an advantage of stock control?
Will always have the right amount of stock
improves the business’s sales and reputation.
Lower amounts of stock will make it easier to spot and eradicate theft
Sales will lower due to overheads rising
Pick what ways a business can control quality?
Physical inspection
ISO 9000
Quality Circles
All of the above
This image shows the Board Bia Quality Mark
True
False
Gaining Quality awards like the Q Mark or ISO 9000 award can negatively impact marketing.
True
False
Credit Control seeks to do what?
Eliminate Bad Debts
Increase Employment
Reduce goods sent back
Measure Performance
Before giving credit we can check the customers credit rating on the CCR, this stands for?
Central Credit Registraton
Central Control Register
Circles Credit Register
Central Credit Register
Buying on credit means buy now and pay now.
True
False
Cash flow forecasts and Budgets are ways of implementing financial control
True
False
The business can control its finances by drawing up a ______ for each department setting the amount to be spent in advance
Plan
Budget
Forecast
Idea
Which of these is an importance of control?
Business Goals
Maximising Resources
Increase sales and profits
All of the above
EDI in stock control stands for what...
Electronic Debt Interchange
Electric Data Interchange
Electronic Data Interchange
Electronic Data Interface
The business could go bankrupt if credit control isn't used to monitor outstanding payments
True
False
What is the primary purpose of financial control in a business?
To increase employee satisfaction
To ensure efficient use of resources
To improve customer service
To expand market share
Which of the following is a method to control inventory levels?
Employee Surveys
Market Analysis
Just-in-Time (JIT)
Random Sampling
Implementing quality control can lead to which of the following outcomes?
Reduced market competition
Improved product reliability
Increased production costs
Decreased employee morale
Product gaining a quality mark could be shown on the products packaging for competitive advantage.
True
False
