Which of the Following Would Be the Best Example of a Monitoring

question 340

Multiple Choice

Which of the following would be the best example of a monitoring control for a chain of restaurants?

• A) Each restaurant manager reconciles the cash received with the food orders recorded on the computer.
• B) All food orders must be entered through the computer, and there is segregation of duties between the food servers and the cooks.
• C) Corporate management prepares a detailed analysis of gross margin per restaurant and investigates those showing a significantly lower gross margin.
• D) Proof of bank deposit is transmitted to corporate headquarters on a daily basis.

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Definitions:

Financial Performance Measurement

The process of evaluating how well a company or organization manages its income and expenses to maximize profit and ensure sustainability.

Financial Results

The outcomes of a company's operations and activities in terms of profits, losses, revenue, and expenses over a specific period.

Measure of Efficiency

Metrics and criteria used to evaluate how effectively and economically resources are utilized to achieve desired outcomes.

Design Thinking

A human-centered approach to innovation that integrates the needs of people, the possibilities of technology, and the requirements for business success.