MGT 504 Business Organization and Administration 78 Questions with Verified Answers,100% CORRECT
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Module
MGT 504 Business Organization and Administration
Institution
MGT 504 Business Organization And Administration
MGT 504 Business Organization and Administration 78 Questions with Verified Answers
Offshoring - CORRECT ANSWER - Moving work to other countries
Outsourcing - - CORRECT ANSWER Contracting with an outside provider to produce one or more of an organization's goods or services
Departmentaliza...
MGT 504 Business Organization and Administration 78
Questions with Verified Answers
Offshoring - CORRECT ANSWER - Moving work to other countries
Outsourcing - - CORRECT ANSWER Contracting with an outside provider to
produce one or more of an organization's goods or services
Departmentalization - - CORRECT ANSWER has three approaches: functional,
divisional, and matrix
1. Functional organization - - CORRECT ANSWER are specialized and grouped
according to business functions and skills they require; production, marketing, HR,
R&D
Global Model - CORRECT ANSWER - An organizational model consisting of a
company's overseas subsidiaries and characterized by centralized decision making
and tight control by the parent company over most aspects of worldwide
operations; typically adopted by organizations that base their global competitive
strategy on cost considerations
International Model - CORRECT ANSWER - An organizational model that is
composed of a company's overseas subsidiaries and characterized by greater
control by the parent company over local product and marketing strategies than
is the case in the multinational model
2. Divisional organization - CORRECT ANSWER - restructure such that every
division houses all functions
Multinational Model - CORRECT ANSWER - An organizational model that consist of
the subsidiaries in each country in which a company does business, and provides
a great deal of discretion to those subsidiaries to respond to local conditions
, 3. Matrix organization - - CORRECT ANSWER is a hybrid form of organization in
which functional and divisional forms overlap
Transnational Model - CORRECT ANSWER - An organizational model characterized
by centralizing certain functions in locations that best achieve cost economies;
basing other functions in the company's national subsidiaries to facilitate greater
local responsiveness; and fostering communication among subsidiaries to permit
transfer of technological expertise and skills
4. Network organization - - CORRECT ANSWER is a collection of independent,
mostly single-function firms that collaborate to produce a good or service
Licensing - - CORRECT ANSWER is an arrangement by which a license in another
country buys the rights to manufacture a company's product in its own country
for a negotiated fee (typically royalty payments on the # of units)
Corporate governance - CORRECT ANSWER - a term describing the oversight of
the firm by its executive staff and board of directors
Franchising - - CORRECT ANSWER the company sells limited right to use its brand
name in return for a lump-sum payment and a share of the franchise's profits
- The number of subordinates - CORRECT ANSWER Span of control who report
directly to an executive or supervisor
- CORRECT ANSWER Types of information shown in a traditional organization
chart:
1. The boxes represent different clusters of jobs
2. The titles in the boxes show the work that each unit performs
3. The solid lines show reporting and authority relationships; superior-
subordinate connections
4. Each horizontal layer indicates one level of management. A level indicates all
persons of the same rank or units of the same rank reporting to someone in the
level above
- Not shown in the chart, but just as important in describing an organization's
structure, are two additional concepts: differentiation and integration.
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