Exam 8: Structuring Organizations for Todays Challenges
Exam 1: Taking Risks and Making Profits Within the Dynamic Business Environment246 Questions
Exam 2: Understanding Economics and How It Affects Business283 Questions
Exam 3: Doing Business in Global Markets341 Questions
Exam 4: Demanding Ethical and Socially Responsible Behavior265 Questions
Exam 5: How to Form a Business322 Questions
Exam 6: Entrepreneurship and Starting a Small Business289 Questions
Exam 7: Management and Leadership280 Questions
Exam 8: Structuring Organizations for Todays Challenges357 Questions
Exam 9: Production and Operations Management302 Questions
Exam 10: Motivating Employees350 Questions
Exam 11: Human Resource Management: Finding and Keeping the Best Employees394 Questions
Exam 12: Dealing With Union and Employeemanagement Issues300 Questions
Exam 13: Marketing: Helping Buyers Buy211 Questions
Exam 14: Developing and Pricing Goods and Services303 Questions
Exam 15: Distributing Products275 Questions
Exam 16: Using Effective Promotions254 Questions
Exam 17: Understanding Accounting and Financial Information365 Questions
Exam 18: Financial Management294 Questions
Exam 19: Using Securities Markets for Financing and Investing Opportunities436 Questions
Exam 20: Money, Financial Institutions, and the Federal Reserve299 Questions
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Digital natives, those who grew-up with the Internet are an important customer group that most businesses want to reach.
(True/False)
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Organizations with positive images for performing exceptional service to customers are usually friendly places to work, as well.
(True/False)
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Due to more emphasis on empowerment and more talented and better-educated lower level management, span of control in organizations has .
(Multiple Choice)
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Fayol's principle of esprit de corps says that employees should be divided into small groups that can be directed efficiently by a single manager.
(True/False)
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Campbell is a middle manager for a bureaucratic organization. According to Max Weber's views on bureaucratic organizations, Campbell's function within the organization is to:
(Multiple Choice)
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Gangsta Industries produces a variety of anti-crime and safety products such as burglar alarms, smoke detectors, surveillance cameras, and specialty locks. Gangsta sells to households, businesses, and government agencies. They have found that each market requires a different marketing strategy. Gangsta would probably benefit from departmentalization by:
(Multiple Choice)
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Companies have learned that working transparently through real time networks has provided competitive advantages in the marketplace.
(True/False)
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A chain of command is a line of authority that moves from the lowest level of the hierarchy to the top.
(True/False)
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An organization chart shows who is accountable for the completion of specific work and who reports to whom.
(True/False)
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While adding structure to his graphic design business, including the allocation of resources for getting the job done, Jack knew that he would need to initially allocate a considerable amount of funds for the sales team to have face to face meetings with other businesses who needed website design and promotional materials. Since overall funds were limited, he worried about his employees using these funds for the stated purpose and in a manner that he would use them. As his business advisor, you explain:
(Multiple Choice)
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Economies of scale can be achieved through departmentalization.
(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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Benchmarking requires organizations to compare each organizational function against the best in the world.
(True/False)
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Green Landscapes, Inc., a company that installs underground sprinkler systems serves several commercial customers, as well as residential customers. As the business expands, Green Landscapes management may want to consider departmentalizing by customer group and then by process.
(True/False)
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Fayol's principle says that workers' attitudes would create an environment of pride and loyalty within an organization.
(Multiple Choice)
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Martina is an experienced manager with excellent communications skills. The workers in her area are highly skilled and capable of doing their work with very little direct supervision. Martina's span of control is likely to be quite broad.
(True/False)
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Organizational culture refers to the widely shared values within a corporation that foster unity and cooperation.
(True/False)
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If a particular function is one of a firm's core competencies, it typically performs this function itself rather than outsourcing it to another organization.
(True/False)
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Which term describes a company being so open to other companies working with it that electronic information is shared as if the companies were one?
(Multiple Choice)
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