 | Glossary by Chapter
Chapter 14 Managing the Control Process
audit An independent appraisal of an organization's accounting, financial, and operational systems.
balance sheet List of assets and liabilities of an organization at a specific point in time
budget A plan expressed in numerical terms
bureaucratic control A form of organizational control characterized by formal and mechanistic structural arrangements
clan control An approach to organizational control based on informal and organic structural arrangements
control standard A target against which subsequent performance will be compared
control The regulation of organizational activities in such a way as to facilitate goal attainment
controller A position in organizations that helps line managers with their control activities
financial control Concerned with the organization's financial resources
financial statement A profile of some aspect of an organization's financial circumstances
income statement A summary of financial performance over a period of time
operations control Focuses on the processes the organization uses to transform resources into products or services
postaction control Monitors the outputs or results of the organization after the transformation process is complete
preliminary control Attempts to monitor the quality or quantity of financial, physical, human, and information resources before they actually become part of the system
ratio analysis The calculation of one or more financial ratios to assess some aspect of the organization's financial health
screening control Relies heavily on feedback processes during the transformation process
strategic control Control aimed at ensuring that the organization is maintaining an effective alignment with its environment and is moving toward achieving its strategic goals
strategic control Focuses on how effectively the organization's strategies are succeeding in helping the organization meet its goals
structural control Concerned with how the elements of the organization's structure are serving their intended purpose
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