Brad is a department manager at Home Theater, Inc. His sole role in the budget process is to implement the budget that is developed for him. This is an example of _______.
A. strategic budgeting
B. operational budgeting
C. top-down budgeting
D. management-by-objectives
E. bottom-up budgeting
Answer: C
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Which of the following statements about bullying is accurate based on the Workplace Bullying Institute’s 2014 survey of 1,000 employees?
a. Roughly half of bulling incidents are perpetrated by managers. b. More than half of employees reported being bullied. c. Hurtful jokes cannot be considered a form of bullying. d. Most victims reported ignoring or being unaffected by the bullying.
According to JIT philosophy,
a. inventories of finished goods always should be available to meet customer demand. b. push-through manufacturing flows are the most efficient. c. maintaining inventories wastes resources and frequently covers up poor work or other problems. d. long production runs and large production lot sizes take advantage of economies of scale.
Which of the following statements is a characteristic of an effective control system?
A. It should indicate the ability a company has to pay its current liabilities. B. It should indicate cause-and-effect relationships. C. It should not be the responsibility of one individual. D. It should not be quantifiable.
A(n) ____ is a type of plan designed to implement tactical plans.
A. strategy B. mission C. operational plan D. contingency plan E. management objective