pg. 1 1 PRE-ASSESSMENT: BUSINESS ACUMEN PUWC Attempt #3 Status: Passed 1. Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? YOUR ANSWER CORRECT ANSWER Promoting vision Evaluating results Turning strategy into action Determining the specific activities 2. What is the result of a company increasing the delegation of authority and the span of control? YOUR ANSWER CORRECT ANSWER Centralized decision making Increased number of managers at the upper management level Increased number of direct reports per manager Increased decision -making authority given to employees 3. Which two key elements does an effective organization include? Choose 2 answers pg. 2 2 YOUR ANSWER CORRECT ANSWER Human interaction Compensation Safety Structure 4. Why does a line organizational structure function most effectively in a crisis situation? YOUR ANSWER CORRECT ANSWER It provides specialized expertise, advice, and guidance. It draws on temporary resources needed in an emergency. It establishes a direct how of authority. It places authority in the hands of a group of individuals rather than a single person. 5. A company might divide itself into smaller groups that best match the types of customers it serves. What is this is an example of? YOUR ANSWER CORRECT ANSWER Departmentalization Organization Strategic Planning Decentralization pg. 3 3 6. Which primary driver does management use for an organization's structure? YOUR ANSWER CORRECT ANSWER Ease of employee interaction Hierarchical accountability Company business processes Achievement of company goals 7. Which step in the organizing process results in management grouping work activities into units within the organization? YOUR ANSWER CORRECT ANSWER Delegation Centralization Decentralization Departmentalization 8. A high-tech startup company is launching a marketing campaign for its new social media portal by highlighting how the portal exceeds the connectivity and collaboration capabilities of all other social media sites. Which type of competitive advantage is this company leveraging? YOUR ANSWER CORRECT ANSWER Brand recognition pg. 4 4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller gradebooster. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.99. You're not tied to anything after your purchase.
