Which of the Following Is an Independent Check on Performance

question 20

Multiple Choice

Which of the following is an independent check on performance?

• A)The Purchasing Agent physically reviews the contents of shipments and compares them with the purchase orders he has placed.
• B)Production teams perform quality evaluations of the products that they produce.
• C)The General Manager compares budgeted amounts with expenditure records from all departments.
• D)Petty cash is disbursed by Fred Haynes.He also maintains records of disbursements,places requests to finance to replace expended funds,and periodically reconciles the petty cash balance.

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Definitions:

Vertical Organization

A management structure where hierarchy is emphasized, with clear lines of authority and responsibility flowing from top to bottom.

Span of Control

The number of subordinates a manager or supervisor can directly control. This number varies with the complexity of tasks.

Delegation

The assignment of authority and responsibility to another person to carry out specific activities while retaining the ultimate accountability for the outcome.

Low-Cost Strategy

A business approach aimed at gaining a competitive advantage by minimizing costs while maintaining acceptable quality and pricing for products or services.