Question

The controller has one of the least complex job descriptions of all company managers, because there are not many functional areas for which he or she is responsible. True

False

An integrated planning structure has 3 components; a strategic plan, development plan, and a long-range plan.

True

False

The purpose of a strategic plan is to set company guidelines and policies that serve as a basis for the next level of plans, the development plan and the operations plan.

True

False

When developing long-range objectives, the objectives must be one of the following:

	A.	Flexible
	B.	Dependable
	C.	Captivating
	D.	Functional

The corporate controller must decide if accounting operations through all company locations are to be centralized, decentralized, or occupy a position somewhere in between.

True

False

Answer 1

Ans 1: false

Reason: controllerbjob is complex as he has to plan for the entire company as an whole and integrate different operations to make it successful and integrate different manager job also making them understand the company expectations and required output.

Ans 2: True

Reason: Strategic plan defines the goal and object of the company and development plan lays down the steps to achieve those goals and objects. And long-range plan ensure companys keep evolving with the changing scenarios and achieve their goals.

Ans 3: true

Reason: Strategic plan defines the goal and object of the company an on its basis and keeping it in mind next level of plans and policies are being formulated by the company.

Ans 4: A.Flexible

Reason: long term plans should be flexible as per changing scenarios because it is necessary to survive and grow . it should be accomadating the changing demands of the customer and society.

Ans 5: True

Reason: many prefer centralisation because of enhanced control and ease of job but decentralsation is prefered when some location are far and control are necessary at both ends