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