What of the Following Statements Is True About Personal and Impersonal

question 68

Multiple Choice

What of the following statements is true about personal and impersonal control?

• A) Personal control is also known as output control whereas impersonal control is also known as behavior control.
• B) Personal control is based on direct surveillance whereas impersonal control is based on measurement of output.
• C) Personal and impersonal controls are substitutes for each other.
• D) Personal and impersonal controls serve the same organizational needs.
• E) Personal control occurs in response to a manager's needs to provide an accurate measure of performance whereas impersonal control is exerted when performance requirements are well known.

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Definitions:

Minimum Compensating Balance

The lowest balance that a business must maintain in its bank account as a requirement for banking services or loans.

Line-Of-Credit

A financial arrangement in which a bank or other lender provides a maximum loan amount that the borrower can draw from as needed, but does not exceed over a specified period.

Needed Cash

The amount of liquidity a company or individual requires to meet immediate obligations or for short-term goals.

Commercial Paper

Commercial Paper is an unsecured, short-term debt instrument issued by corporations, typically for the financing of operating expenses and meeting short-term liabilities.