1)Threadless receives immediate customer feedback on specific promotions through online orders. What type of control does this represent?

a. concurrent

b. feedback

c. feedfoward

d. cumulative

e. operational

2)If you were conducting an audit of Threadless and wanted to know how much assets they have, you would most likely look at which of the following statements?

a. statement of equity

b. profit and loss statement

c. liquidity statement

d. balence sheet

e. return on investment

3.

Threadless sets an annual budget for the next year after the end of the current years holiday season. The process includes reviewing the current budget and setting goals for the next year. Since this annual budget includes all the major activities of Threadless, it is most likely a(n) __________ budget.

a. sales

b. cost

c. cash

d. capital

e. master

4. Threadless switched to 100% on-demand printing, allowing vendors to print one shirt at a time (instead of bulk) and to send the shirt directly to customers. Threadless never has to actually touch the product, reducing its expenses. Which common measure of performance standards does this represent?

a. quality

b. quantity

c. personnel

d. time used

e. cost