A(n) _____ is an independent appraisal of an organization’s accounting, financial, and operational systems.

A budget that deals with costs of major assets such as a new plant, machinery, or land is known as a _____ budget.

A manufacturer of health foods ensures that at least 90 percent of all its raw materials is grown organically. This is an example of _____ control.

An organization shifts its budget from a few, large projects to accommodate a number of smaller projects every year. It also decentralizes power and gives additional responsibilities to individual project managers. This is an example of the use of _____ control.

A control system that provides information as often as is necessary is said to possess _____.

A company that carefully evaluates job applicants is using _____ control.

A manager at a supermarket needs to know how easily the store’s assets can be converted into cash. Which of the following ratios will he use?

An employee at a mid-size organization argues that she has made more sales in a particular quarter than another employee. Which of the following features will the organization’s control system possess in order to confirm this claim?

Differentiate between Type A and Type B personalities.

A tendency to be relatively upbeat and optimistic, have an overall sense of wellbeing, and to be in a good mood is called _____.