Question 1

Departmentalization by function allows employees an opportunity to develop their skills.

Accepted Answer

A) True 
 B)False

Question 2

Shareholder expectations relates to the formal framework around which tasks are organized and responsibilities allocated within an organization.

Accepted Answer

A) True 
 B)False

Question 3

The concept of expectations of customers encompasses designing structure that considers the manner in which we interact with customers,and design the organization's framework in a way which best facilitates these interactions.

Accepted Answer

A) True 
 B)False

Question 4

It is relatively expensive to maintain a tall organization structure.

Accepted Answer

A) True 
 B)False

Question 5

__________ in the marketplace.

Accepted Answer

A)  creative advantage 
B)  competitive advantage 
C)  functional advantage 
D)  quality advantage 
E)  operational advantage

Question 6

The traditional way to departmentalize an organization is by geographical area served.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is NOT one of the building blocks that the reorganization of a business' structure generally focuses on?

Accepted Answer

A)  Customer intimacy 
B)  Work Efficiencies 
C)  Degree of Departmentalization 
D)  Defined functional areas 
E)  None of the above

Question 8

The key,with respect to this cultural framework,is to try and develop a culture which passionately pursues the empowerment of the vision and the mission of the organization.

Accepted Answer

A) True 
 B)False

Question 9

Support of the overall corporate level vision and mission defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

Accepted Answer

A) True 
 B)False

Question 10

As organizations change,so must the business system framework required to ensure the successful execution of the revised strategic direction.

Accepted Answer

A) True 
 B)False

Question 11

Support of the overall corporate level vision and mission refers to the decision-making hierarchy,the delegated span of control within an organization,and the allocation of position power within it.

Accepted Answer

A) True 
 B)False

Question 12

Employee Interaction refers to the degree of entrepreneurship which is embedded into the organization.

Accepted Answer

A) True 
 B)False

Question 13

An organization that consists of many layers of management is referred to as a ____________ organization.

Accepted Answer

A)  flat 
B)  wide 
C)  tall 
D)  deep

Question 14

The concept of customer "touch points" encompasses designing structure that considers the manner in which we interact with customers,and design the organization's framework in a way which best facilitates these interactions.

Accepted Answer

A) True 
 B)False

Question 15

Culture reflects the developmental aspect of the internal processes and procedures which the organization uses to facilitate the completion of tasks and the management of outcomes.

Accepted Answer

A) True 
 B)False

Question 16

Departmentalization helps develop a creative environment through a group think process.

Accepted Answer

A) True 
 B)False

Question 17

Explain decision-making control as it relates to responsibility.

Accepted Answer

The answer of Explain decision-making control as it relates to...

Question 18

The concept of ______________ encompasses designing structure that considers the manner in which we interact with customers,and design the organization's framework in a way which best facilitates these interactions.

Accepted Answer

A)  expectations of customers 
B)  customer "touch points" 
C)  customer responsiveness 
D)  customer category 
E)  customer relationships

Question 19

Support of the overall corporate level vision and mission focuses on the processes and initiatives needed to support and direct the product/service transformation process within the organization,the creation of the value proposition applicable to such products/services,and the distribution,marketing,sales,and service in support of these products/services.

Accepted Answer

A) True 
 B)False

Question 20

_______________ means that decision-making authority is delegated to lower-level managers and employees.

Accepted Answer

A)  Uniformity of authority 
B)  Decentralized authority 
C)  Specification of authority 
D)  Standardized authority

Exam 7: Entrepreneurship and Forms of Business Ownership

Departmentalization by function allows employees an opportunity to develop their skills.

Shareholder expectations relates to the formal framework around which tasks are organized and responsibilities allocated within an organization.

The concept of expectations of customers encompasses designing structure that considers the manner in which we interact with customers,and design the organization's framework in a way which best facilitates these interactions.

It is relatively expensive to maintain a tall organization structure.

__________ in the marketplace.

The traditional way to departmentalize an organization is by geographical area served.

Which of the following is NOT one of the building blocks that the reorganization of a business' structure generally focuses on?

The key,with respect to this cultural framework,is to try and develop a culture which passionately pursues the empowerment of the vision and the mission of the organization.

Support of the overall corporate level vision and mission defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

As organizations change,so must the business system framework required to ensure the successful execution of the revised strategic direction.

Support of the overall corporate level vision and mission refers to the decision-making hierarchy,the delegated span of control within an organization,and the allocation of position power within it.

Employee Interaction refers to the degree of entrepreneurship which is embedded into the organization.

An organization that consists of many layers of management is referred to as a ____________ organization.

The concept of customer "touch points" encompasses designing structure that considers the manner in which we interact with customers,and design the organization's framework in a way which best facilitates these interactions.

Culture reflects the developmental aspect of the internal processes and procedures which the organization uses to facilitate the completion of tasks and the management of outcomes.

Departmentalization helps develop a creative environment through a group think process.

Explain decision-making control as it relates to responsibility.

The concept of ______________ encompasses designing structure that considers the manner in which we interact with customers,and design the organization's framework in a way which best facilitates these interactions.

_______________ means that decision-making authority is delegated to lower-level managers and employees.