Matching Instructions: Choose the correct answer from the options provided to match the definition with the importance. Each word may be used only once or not at all. (1 point each) Input stage example: admissions Answer 1 Choose... Measures the ability to pay off claims of short-term creditors without selling inventory. Answer 2 Choose... Decide whether change will occur from the top down or from the bottom up, introduce and manage change. Answer 3 Choose... 1) establish standards of performance, goals, or targets against which is to be evaluated 2) measure actual performance 3) compare actual performance to chosen standards of performance 4) evaluate the result and initiate corrective action if standard is not being achieved Answer 4 Choose... Manage problems as they arise Answer 5 Choose... Control of behavior by means of a comprehensive system of rules and standard operating procedures -slow reaction time -too standardized, lose flexibility Answer 6 Choose... Measures how efficiently managers are turning over inventory so that excess inventory is not carried. Answer 7 Choose... Measures how well managers are using the organization's resources to generate profits. Answer 8 Choose... - financial measures of performance -organizational goals -operating budgets Answer 9 Choose... A management control system that takes a comprehensive look at an organization's overall performance using four measures: financial, customer service, internal business processes, an