How Does Clan Control Differ from Bureaucratic Control and Market

question 38

Multiple Choice

How does clan control differ from bureaucratic control and market control?

• A)Clan control uses formal controls more often.
• B)Clan control does not assume that the interests of the organization and individuals naturally diverge.
• C)Clan control is based on past performance, whereas the other two try to influence future performance.
• D)Clan control is based on a more negative view of human character.
• E)Clan control is more heavily based on economic factors.

---

Definitions:

Adjusting Entries

Entries made in the general journal at the close of an accounting period to update the ledger accounts for any income or expenses incurred but not yet recorded.

Condensed Worksheet

A simplified financial statement that consolidates and presents a company’s financial status in a concise format.

Accounting Cycle

The series of steps followed by an organization to track and manage financial transactions, from the initial transaction to the closing of the books.

Special Journals

Special journals are accounting journals designed for recording specific types of transactions in a detailed manner, such as sales or purchases, to streamline the accounting process.