Exam 6: Organizing the Business

To move a new idea to a marketable entity, who must approve and support the project, including the funding of the idea?

Which form of organization is used by most small to medium-sized firms?

What type of departments are linked to the production and sales of specific products?

Which feature characterizes the organization of centralized firms?

Organization charts are graphical representations of employee salary information.

What are an organization's specialists in law, accounting, and human resource management commonly called?

What is the process of designing specific jobs that need to be done and identifying the people who will perform them called?

Which of the following is an advantage of job specialization?

Firms with production, marketing, human resource, and finance departments have a process form of organization.

Which term refers to the specification of jobs to be done within an organization and the ways in which those jobs relate to one another?

When a large organization has departments based on areas of production, what type of departmentalization is being utilized?

What process is used to assign work to subordinates?

Describe the four basic forms of organizational structure.

If a manufacturer divides the organization according to the way goods are created, what type of departmentalization is being utilized?

What does a divisional structure rely on and why does it rely on this feature?

A divisional structure relies on functional departmentalization.

Which of the following BEST describes authority?

Which of the following is a natural part of organizational growth?

The functional organizational structure is the approach to organizational structure used by most small to medium-sized firms.

Departmentalization refers to the process of grouping jobs into logical units.