To Achieve Maximum Benefits at Minimum Cost, a Management Control

question 23

Multiple Choice

To achieve maximum benefits at minimum cost, a management control system must

• A) look at the short term only.
• B) motivate managers with quarterly bonuses based on performance.
• C) foster goal congruence and managerial effort.
• D) be the same as the financial accounting system.

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Definitions:

Technology

Relates to the application of scientific knowledge for practical purposes, especially in industry or through devices, processes, and systems.

Communication

The exchange of information, ideas, or feelings among individuals through spoken words, written texts, or other methods.

Meeting Capabilities

Features or functionality that allow individuals or groups to conduct meetings, often referring to software or technology support.

Technology Use

The application of scientific knowledge for practical purposes, especially in industry and everyday life.