Business Administration Exam 4 || All Questions Answered Correctly.
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Course
Business Administration
Institution
Business Administration
Organizational Culture correct answers A firm's shared values, beliefs, traditions, philosophies, rules, and role models for behavior
Organizational Chart correct answers A visual display of the organizational structure, lines of authority (chain of command), staff relationships, permanent commi...
Business Administration Exam 4 || All Questions Answered
Correctly.
Organizational Culture correct answers A firm's shared values, beliefs, traditions, philosophies,
rules, and role models for behavior
Organizational Chart correct answers A visual display of the organizational structure, lines of
authority (chain of command), staff relationships, permanent committee arrangement, and lines
of communication
Delegation of Authority correct answers Giving employees not only tasks, but also the power to
make commitments, use resources, and take whatever actions are necessary to carry out those
tasks
Responsibility correct answers The obligation, placed on employees through delegation, to
perform assigned tasks satisfactorily and be held accountable for the proper execution of work
Accountability correct answers The principle that employees who accept an assignment and the
authority to carry it out are answerable to a superior for the outcome
Centralized Organization correct answers A structure in which authority is concentrated at the
top, and very little decision-making authority is delegated to lower levels
Decentralized Organization correct answers An organization in which decision-making authority
is delegated as far down the chain of command as possible
Wide span of management is typical where correct answers Decentralized Organization
Narrow levels of management is typical where correct answers Centralized Organization
Span of management correct answers The number of subordinates who report to a particular
manager
Organizational Layers correct answers The levels of management in an organization
Line Structure correct answers The simplest organizational structure, in which direct lines of
authority extend from the top manager to the lowest level of the organization
Line-and-staff Structure correct answers A structure having a traditional line relationship
between superiors and subordinates and also specialized managers - called staff managers - who
are available to assist line managers
Group correct answers Two or more individuals who communicate with one another, share a
common identity, and have a common goal
, Team correct answers A small group whose members have complementary skills; have a
common purpose, goals, and approach; and hold themselves mutually accountable
Committee correct answers A permanent, formal group that performs a specific task
Task Force correct answers A temporary group of employees responsible for bringing about a
particular change
Grapevine correct answers An informal channel of communication, separate from management's
formal, official communication channels
Management correct answers A process designed to achieve an organization's objectives by
using its resources effectively and efficiently in a changing environment
Managers correct answers Those individuals in organizations who make decisions about the use
of resources and who are concerned with planning, organizing, staffing, directing, and
controlling the organization's activities to reach its objectives
Planning correct answers The process of determining the organization's objectives and deciding
how to accomplish them; the first function of management
Ecomagination correct answers Addresses sustainability through calling attention to GE's solar
energy programs, hybrid locomotives
Mission correct answers The statement of an organization's fundamental purpose and basic
philosophy
Five basic questions that a well-developed mission statement answers correct answers - Who are
we?
- Who are our customers?
- What is our operating philosophy (basic beliefs, values, ethics, etc)?
- What are our core competencies and competitive advantages?
- What are our responsibilities with respect to being a good steward of environmental, financial,
and human resources?
Strategic Plan correct answers Those plans that establish the long-range objectives and overall
strategy or course of action by which a firm fulfills its mission
Tactical Plan correct answers Short-range plans designed to implement the activities and
objectives specified in the strategic plan
Operational Plan correct answers Very short-term plans that specify what actions individuals,
work groups, or departments need to accomplish in order to achieve the tactical plan and
ultimately the strategic plan
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