Exam 16: Building a Team and Management Succession

Successful organizational culture supports exceptional performance and is compatible with the firm's stated values and beliefs.Which of the following best illustrates this concept?

Small companies are least likely to make hiring mistakes because most owners have developed clearly defined job specifications and job descriptions.

The majority of first-generation family businesses do not survive into the second generation.

Entrepreneurs who are planning to retire often use two strategies:

Why is developing a management succession plan so important to the founder of a family business? Identify and briefly describe the steps of a successful plan.

Posting job openings on the Internet has proven to be:

In job enrichment,________ is the degree to which a job allows a worker to complete a whole or identifiable piece of work.

Studies comparing large companies to small ones have found that large companies' inability to react quickly is a major barrier to their growth.

The advantages of job rotation include:

If their companies are to grow and reach their potential,entrepreneurs must learn to be effective leaders.

The concept of empowering employees is based on the principle of job enrichment.

To be effective,a small business leader must perform three vital tasks.List and briefly explain these three tasks.

________ is the distinctive,unwritten code of conduct that governs the behavior,attitudes,relationships,and style of an organization.

Type of job design that involves building motivators into a job by increasing the planning,decision-making,organizing,and controlling functions workers perform is:

The Dictionary of Occupational Titles,a listing of more than 20,000 job titles and descriptions,is a useful tool for getting a small business owner started when writing job descriptions.

Company culture is the distinctive,unwritten code of conduct that governs the behavior,attitudes,relationships,and style of an organization.

Which of the following statements about a company's culture is false?

The process of transferring power should be quick and absolute.

A leveraged buyout is an arrangement in which managers and/or employees borrow money from a financial institution,and pay the owners:

What do you think about Norm Schultz's attitudes toward employees?