Download Principles of Management - C483 - Organizational Structure Questions with Accurate Answers and more Exams Business Management and Analysis in PDF only on Docsity!
Principles of Management - C483 -
Organizational Structure Questions with
Accurate Answers
Accountability correct answer The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance Accounting audits correct answer Procedures used to verify accounting reports and statements Activity-based costing (ABC) correct answer A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the amount of time employees devote to particular activities After-action review correct answer A frank and open-minded discussion of four basic questions aimed at continuous improvement Assets correct answer The values of the various items the corporation owns Authority correct answer The legitimate right to make decisions and to tell other people what to do
Balanced scorecard correct answer Control system combining four sets of performance measures: financial, customer, business process, and learning and growth Broker correct answer A person who assembles and coordinates participants in a network Budgeting correct answer The process of investigating what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences; also called budgetary controlling Bureaucratic contro correct answer The use of rules, regulations, and authority to guide performance Centralized organization correct answer An organization in which high- level executives make most decisions and pass them down to lower levels for implementation Clan control correct answer Control based on the norms, values, shared goals, and trust among group members Concurrent control correct answer The control process used while plans are being carried out, including directing, monitoring, and fine-tuning activities as they are performed
Decentralized organization correct answer An organization in which lower-level managers make important decisions Delegation correct answer The assignment of new or additional responsibilities to a subordinate Departmentalization correct answer Subdividing an organization into smaller subunits Development project correct answer A focused organizational effort to create a new product or process via technological advances Differentiation correct answer An aspect of the organization's internal environment created by job specialization and the division of labor Division of labor correct answer The assignment of different tasks to different people or groups Divisional organization correct answer Departmentalization that groups units around products, customers, or geographic regions Dynamic network correct answer Temporary arrangements among partners that can be assembled and reassembled to adapt to the environment
External audit correct answer An evaluation conducted by one organization, such as a CPA firm, on another Feedback control correct answer Control that focuses on the use of information about previous results to correct deviations from the acceptable standard Feedforward control correct answer The control process used before operations begin, including policies, procedures, and rules designed to ensure that planned activities are carried out properly Formalization correct answer The presence of rules and regulations governing how people in the organization interact Functional organization correct answer Departmentalization around specialized activities such as production, marketing, and human resources Hierarchy correct answer The authority levels of the organizational pyramid Integration correct answer The degree to which differentiated work units work together and coordinate their efforts
Organization chart correct answer The reporting structure and division of labor in an organization Principle of exception correct answer A managerial principle stating that control is enhanced by concentrating on the exceptions to or significant deviations from the expected result or standard Profit and loss statement correct answer An itemized financial statement of the income and expenses of a company's operations Responsibility correct answer The assignment of a task that an employee is supposed to carry out Return on investment (ROI) correct answer A ratio of profit to capital used, or a rate of return from capital Sociotechnical systems correct answer An approach to job design that attempts to redesign tasks to optimize operation of a new technology while preserving employees' interpersonal relationships and other human aspects of the work Span of control correct answer The number of subordinates who report directly to an executive or supervisor
Specialization correct answer A process in which different individuals and units perform different tasks Staff departments correct answer Units that support line departments Standard correct answer Expected performance for a given goal: a target that establishes a desired performance level, motivates performance, and serves as a benchmark against which actual performance is assessed Standardization correct answer Establishing common routines and procedures that apply uniformly to everyone Stockholders' equity correct answer The amount accruing to the corporation's owners Subunits correct answer Subdivisions of an organization Transfer price correct answer Price charged by one unit for a good or service provided to another unit within the organization Unity-of-command principle correct answer A structure in which each worker reports to one boss, who in turn reports to one boss
