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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Networking uses communication technology to link organizations allowing them to work together on common objectives.
(True/False)
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Restructuring involves the redesign of an organization to be more responsive to customers.
(True/False)
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Mario kept humming that old song, "Well, I heard it through the grapevine, not much longer would you be mine…" Earlier today, he heard from his coworker Jessica that by the end of today, several employees would get their hours reduced and other would lose their jobs. He decided to stop by George's office. If anyone had the scoop, it would be George. To Mario, George represented an influential person in the informal organization.
(True/False)
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Departmentalization creates an environment in which people are trained in a variety of managerial responsibilities.
(True/False)
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One of the most difficult management challenges today is managing change. This is because:
(Multiple Choice)
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Organizational culture can produce either a positive or negative impact on an organization.
(True/False)
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One disadvantage of the matrix style of organization is that it is more difficult to keep development projects on schedule. The model slows down the time from design, to production, and then to market.
(True/False)
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Julio is the owner of Celebration, Inc. a small party supply company. The company provides tents, tables, chairs, and related paraphernalia for wedding, Bar Mitzvah, Bot Mitzvah, graduation, birthday, and other celebratory events. As sales have increased, the organization has hired more personnel and departmentalized to more efficiently handle purchasing, sales, service, and accounting. Everyone is still responsible for achieving company goals. Upon seeing Celebration's organization chart, you agree it uses a . 

(Multiple Choice)
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Matrix organizations give managers flexibility in assigning people to projects.
(True/False)
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A tall organization structure consists of multiple levels of management.
(True/False)
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The degree to which an organization allows lower level managers to make decisions determines the degree of decentralization.
(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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Traditional organizational models such as a line model or a line and staff model provide the flexibility demanded in a changing business environment.
(True/False)
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organizations are characteristic of many layers of management and function with well-defined rules and procedures.
(Multiple Choice)
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The of a business firm is the system that details lines of authority, responsibility, and position, similar to the structure on organization charts.
(Multiple Choice)
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Cross-functional teams avoid involving groups outside of the firm to ensure their plans are not leaked to their competitors.
(True/False)
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Julio is the owner of Celebration, Inc. a small party supply company. The company provides tents, tables, chairs, and related paraphernalia for wedding, Bar Mitzvah, Bot Mitzvah, graduation, birthday, and other celebratory events. As sales have increased, the organization has hired more personnel and departmentalized to more efficiently handle purchasing, sales, service, and accounting. Everyone is still responsible for achieving company goals. Upon seeing Celebration's organization chart, you agree it uses a line organization model. 

(True/False)
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is using communications technology and other means to link organizations and allow them to work together on common objectives.
(Multiple Choice)
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In recent years, large organizations have tried to improve their efficiency in communication and decision making by:
(Multiple Choice)
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