ORGANIZATION AND MANAGEMENT

Chapter 7
Long Quiz

NAME:______________________________________________________SECTION:____________SCORE:____________

I. MATCHING TYPE: Match column A and column B. Write the letter of the correct answer on the space
provided before each number.

COLUMN A COLUMN B
________ 1. A management function involves ensuring the work a. Standard
performance of the organization’s member.
________ 2. Is also known as the profit and loss statement. b. Statement of Cash Flow
________ 3. Are plans to monitor, control, and implement the firm’s c. Liquidity
resources on its operation based on its objectives or goals.
________ 4. Is based on compliance with norms, values, expected d. Organizational Effectiveness
behavior related to the firm’s organization culture.
________ 5. Any established measure of extent quality, quantity or value. e. Strategic Control
________ 6. Makes use of strict rules, regulations, policies, procedures, f. Leverage Ratio
and orders from formal authority.
________ 7. Allocation of a fixed amount of resources for a specific g. Feedback Control
purpose.
________ 8. Refer to acid tests done when inventories turn over slowly or h. Non-qualitative Control Methods
are difficult to sell.
________ 9. The process of journalizing with debit and credit entries. i. Profitability Ratio
________ 10. Determines if the organization is technically insolvent. j. Concurrent Control
________ 11. Summarizes the inflow and outflow of cash during a given k. Activity Ratio
period.
________ 12. Snapshot of any entity’s financial condition because it l. Management Control
presents the financial balances of a particular period.
________ 13. Methods which make use of data and different tools m. Planning
expressed in members for monitoring and controlling
production output.
________ 14. Is an approach or process of measuring a company’s own n. Income Statement
services and practices against those of recognized leaders in
the industry in order to identify areas for improvement.
________ 15. Determines if the organization is carrying more inventory o. Budget
than what it needs.
________ 16. Analyze and examine financial statements in order to p. Clan Control
determine the company’s financial soundness and viability, as
well as financial ratios to determine the organization’s
stability.
________ 17. Methods which make use of tools such as inspections, q. Benchmarking
reports, direct supervision, performance evaluation, and on-
the-spot checking of accomplish goals.
________ 18. A systematic monitoring t control points in strategic plans r. Organization Productivity
that may tend to change in the organization’s strategies.
________ 19. Determines the profits that are being generated. s. Dual Entry
________ 20. The organization’s meet short-term obligations t. Fixed Budget
________ 21. Is the amount of goods or services produced divided by the u. Bureaucratic Control
inputs needed to produce the said output.
________ 22. Involves a thorough process which is essential to the creation v. Controlling
and refinement of a blue print.
________ 23. Takes place while work activity is happening. w. Balance Sheet
________ 24. Is a measure of the organizational goals’ suitability to x. Qualitative Control Methods
organizational needs and how well these said goals are being
attained.
________ 25. Is control that takes place after the occurrence of the activity. y. Liquidity Ratio