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Test bank For Managing Organizations
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Test bank For Managing Organizations
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Test bank For Managing OrganizationsManagers are responsible for the acquisition, utilization, and allocation of resources in the
organization.
True
False - ANSTrue
Governance involves the management of the relationships between
The firm and the government
The management and the firm's critical constituencies
The management and the firm's shareholders
The firm's shareholders and the firm's stakeholders - ANSThe management and the firm's
critical constituencies
Which of the following would not be considered a critical constituency for an organization?
Its creditors
Its employees
Its customers
Its competitors - ANSIts competitors
Past performance of the firm is a critical element of the firm's external environment.
,True
False - ANSFalse
When answering the fundamental questions of organizing, the management must decide who
should contribute and how much to the collective resources of the firm. This is called
Resource allocation
Resource utilization
Resource acquisition
None of the above - ANSResource acquisition
According to Chester Barnard, "The firm is a system of consciously coordinated activities based
on the principles of ..."
Cooperation, communication, and purpose
Cooperation, communication, and value creation
Communication, purpose, and opportunity
Strategy, efficiency, and profitability - ANSCooperation, communication, and purpose
According to the arguments developed in Module 1, a firm or an organization is a consciously
put together bundle of economic, technological, and social practices.
True
False - ANSTrue
, Which of the following is the main purpose of a corporate board of directors?
To provide guidance to management's decisions so they align with stakeholder's values
To ensure the company is complying with government regulations
To provide oversight and support for management's efforts in creating long-term value
To generate ideas and dictate strategy for the long term - ANSTo provide oversight and support
for management's efforts in creating long-term value
In the value creation process it is critical to design the organization first before the management
can develop successful strategies.
True
False - ANSFalse
Which of the following is a hybrid design?
Multidivisional design
Functional design
Divisional design
None of the above - ANSMultidivisional design
Organization designs emphasizing external flexibility rely more on centralized decision-making.
True
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