1. Explain why management controls are necessary. |
|
|
|
2. Describe a feedback system. |
|
|
|
3. Discuss the basic requirements of the control process. |
|
|
|
4. Describe the control pyramid. |
|
|
|
5. Identify the factors that affect how much control should be exercised in an organization. |
|
|
|
6. Discuss the two categories of control methods. |
|
|
|
7. Differentiate between preliminary, concurrent, and postaction controls. |
|
|
|
8. List several methods or systems of control commonly used by managers. |
|
|
|
9. List the four basic types of financial ratios. |
|
|
|
10. Summarize the Sarbanes-Oxley Act of 2002. |
|
|
|
11. Discuss the basic purpose of a break-even chart. |