Simons Argued That Organisations Need Four Types of Control Systems

question 34

Multiple Choice

Simons argued that organisations need four types of control systems:

• A)input systems,boundary systems,diagnostic control systems,interactive command systems
• B)interactive control systems,belief systems,boundary riders,diagnostic control systems
• C)belief systems,diagnostic control systems,boundary layers,interactive control systems
• D)boundary systems,diagnostic control systems,interactive control systems,belief systems

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Definitions:

Nominal Interest Rate

The interest rate before adjustments for inflation, indicating the basic rate at which interest is paid or earned.

Real Interest Rate

The interest rate that has been adjusted for inflation, showing the real cost of funds to the borrower and the real yield to the lender.

Social Security

A government program designed to provide financial assistance and support to people with inadequate or no income, primarily the elderly, disabled, and families with dependent children.

Inflation

The quickening in the standard cost evaluation for goods and services, wearing down the strength to purchase.