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Exam 7: Entrepreneurship and Forms of Business Ownership

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Question 71

True/False

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Range of business undertakings is a factor used to determine the best organizational structure for a particular company?

A) True
B) False

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Question 72

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_________ refers to the level of responsibility and decision-making authority which is transferred to each specific managerial position.

A) Managerial hierarchy
B) Hierarchy requirements
C) Decision-Making control
D) Span of control
E) Nature of the work

F) C) and D)
G) B) and E)

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Question 73

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Innovation support refers to the degree of entrepreneurship which is embedded into the organization.

Control Systems to Manage Strategic Intent defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

Restructuring generally occurs when companies recognize a disconnection to their intended strategy as a result of disruptions which have occurred either internally or from the external marketplace.

_________ defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

Span of control refers to the number of different markets a business can serve efficiently.

The business operations of the Cadet Corporation are complex,requiring a great deal of planning and coordination.The span of control for the managers of the Cadet Corporation is likely to be:

Organizational Structure,Culture and Management Approach 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.

The efficiency of the work being performed is fundamentally influenced by the structure,culture,and managerial approach?

Bankruptcy generally occurs when companies recognize a disconnection to their intended strategy as a result of disruptions which have occurred either internally or from the external marketplace.

Departmentalization is the dividing of organizational functions into separate units.

Masculinity is one of the five key dimensions in Geert Hofstede's Cultural Dimensions Model?

Organizational Structure,Culture and Management Approach relates to the formal framework around which the business system is designed and how such a structure directs and influences collaboration,the exchange of knowledge,the communication of and sharing of ideas,and the work environment surrounding the accomplishment of tasks and the meeting of responsibilities.

Departmentalization is the dividing of organizational functions into separate units.

Decision-Making control refers to the number of subordinates a manager will have reporting to him or her.

Full understanding of the rationale for the action is required by the management team for a restructuring effort to be successful.

Which of the following is NOT a factor used to determine the best organizational structure for a particular company?

_________ refers to the dividing of the organization's work units into defined functional areas.

Managerial hierarchy refers to the grouping of tasks and the facilitation of the collaborative efforts between departments which must occur within the organization.