A sources and uses of funds statement is often called a ____________.
net income/loss statement
statement of assets and liabilities
cash flow statement
Information supplied to managers is data that has been ____________.
collected or obtained
Examples of feedforward controls include ____________ controls.
Often in organization we use a ____________ as a measure of quality or quantity to monitor people.
employee productivity measure
All of the following accounting elements are found on the income statement, except _________.
The percentage of an organization's work force not at work on any given day is ____________.
Computer operating systems are a complex array of ____________.
Budgeting requires all of the following except:
not adjusting goals
locating needed funds
Controls that focus on "after the fact" are called ____________ controls.
A(n) ____________ is any guideline or benchmark established as a basis for measurement or point of reference.
rule of thumb
A highly disciplined process that helps companies focus on developing and delivering near-perfect products and services is:
The strategic goals and plans made at the top level in an organization are derived from the organization's:
purpose and mission.
A validation process to ensure measurement accuracy and standardization is known as:
a QA system.
Which of the following statements about information is not true?
Information helps to highlight actual and potential problems.
Information helps managers plan and organize operations.
Information does not help to create operational plans.
Information helps managers properly use their resources.
Any organizational unit that contributes costs, revenues, investments, or profits as part of the company's total accounting "package" is called a(n) ____________.
financial responsibility center
debt awareness department
The initial step of the control process is ____________.
taking corrective action
comparing performance to standards
A balance sheet consists of three major sections. Which of the following is one of those sections?
The concept that measurements provided by the control process will reach the proper decision makers when they are needed is the concept of:
The steps in the control process include the following except:
taking corrective action.
establishing performance standards.
developing standing plans.