Exam 8: Structuring Organizations for Todays Challenges
Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment315 Questions
Exam 2: Understanding Economics and How It Affects Business305 Questions
Exam 3: Doing Business in Global Markets346 Questions
Exam 4: Demanding Ethical and Socially Responsible Behavior257 Questions
Exam 5: How to Form a Business342 Questions
Exam 6: Entrepreneurship and Starting a Small Business302 Questions
Exam 7: Management and Leadership281 Questions
Exam 8: Structuring Organizations for Todays Challenges364 Questions
Exam 9: Production and Operations Management321 Questions
Exam 10: Motivating Employees357 Questions
Exam 11: Human Resource Management: Finding and Keeping the Best Employees423 Questions
Exam 12: Dealing With Employeemanagement Issues297 Questions
Exam 13: Marketing: Helping Buyers Buy250 Questions
Exam 14: Developing and Pricing Goods and Services356 Questions
Exam 15: Distributing Products314 Questions
Exam 16: Using Effective Promotions262 Questions
Exam 17: Understanding Accounting and Financial Information362 Questions
Exam 18: Financial Management297 Questions
Exam 19: Using Securities Markets for Financing and Investing Opportunities397 Questions
Exam 20: Money, Financial Institutions, and the Federal Reserve306 Questions
Exam 21: Working Within the Legal Environment242 Questions
Exam 22: Using Technology to Manage Information192 Questions
Exam 23: Managing Risk128 Questions
Exam 24: Managing Personal Finances255 Questions
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The process of rating an organization's practices, processes, and products against the best of the world is known as
(Multiple Choice)
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Which of the following statements best describes the evolution of organization design?
(Multiple Choice)
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Networking uses communication technology to link organizations, allowing them to work together on common objectives.
(True/False)
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Melissa's company is a bureaucratic organization. Melissa is likely to encounter which of the following conditions?
(Multiple Choice)
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An organization that consists of many layers of management is referred to as a(n) ________ organization.
(Multiple Choice)
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Most businesses adopt a bureaucratic organization in order to speed up their decision-making process.
(True/False)
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Cross-functional teams serve as advisory committees offering their expertise to line decision makers.
(True/False)
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Organizing the structure of the company means deciding what jobs need to be done and who is responsible for doing them.
(True/False)
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The virtual corporation does all its business online with partners considered a permanent part of the network.
(True/False)
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It is strategically not sensible for a firm to consider asking suppliers and customers to join a cross-functional self-managed team that is testing iterations of future products.
(True/False)
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Organization theorists emerged during the era of mass production, meaning
(Multiple Choice)
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Competitive benchmarking compares a company's practices, processes, and products against others in its industry, with the goal of doing it better than the competition.
(True/False)
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The ________ is the system of relationships that develop spontaneously as employees meet and form power centers.
(Multiple Choice)
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Organizations that utilize functional departmentalization benefit from improved communication between departments.
(True/False)
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Team participants in a matrix organization model may report to two managers at one time.
(True/False)
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A matrix team for an aerospace company may consist of a project manager, a finance expert, a marketing specialist, a member of production, and two design engineers.
(True/False)
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Although a firm may experience better cost controls through departmentalization, it may not increase its responsiveness to customer needs.
(True/False)
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Genevieve works in the finance department at the headquarters of a large home improvement retailer. Her main responsibility is to keep an eye on department expenditures and figure out how to cut costs whenever possible. Tyson, the marketing director for the same company, shares information with Genevieve only when he absolutely has to. He finds her inflexible, and not understanding of what it takes to roll out a new product line. Genevieve and Tyson typify a disadvantage of departmentalization.
(True/False)
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Clear communication among workers and keeping order in materials and people are included in Fayol's principles.
(True/False)
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