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MGMT 310 - Exam 1 (Ch. 1-6) || All Questions Answered Correctly. $10.89
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MGMT 310 - Exam 1 (Ch. 1-6) || All Questions Answered Correctly.
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Bureaucratic Organization Structure correct answers clear differentiation of tasks/responsibilities among individuals; coordination thru a strict hierarchy of authority and decision rights; standardized rules/procedures; vertical separation of planning and execution sot hat plans are made in the up...

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  • August 27, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bureaucratic organization structure

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  • MGMT 310 -
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MGMT 310 - Exam 1 (Ch. 1-6) || All Questions Answered
Correctly.
Bureaucratic Organization Structure correct answers clear differentiation of tasks/responsibilities
among individuals; coordination thru a strict hierarchy of authority and decision rights;
standardized rules/procedures; vertical separation of planning and execution sot hat plans are
made in the upper ranks of an organization and executed in the lower ranks

business environment correct answers combination of all contextual forces and elements in the
external and internal environment of a firm

contextual intelligence correct answers ability to understand the impact of environmental factors
on a firm and the ability to understand how to influence those same factors

contingency planning correct answers systematic assessment of the external environment to
prepare for a possible range of alternative futures for the organization

contingent view correct answers view of the firm where effective organizational structure is
based on fit or alignment between the organization various aspects of the environment

environmental scanning correct answers tool that mangers use to scan the business horizon for
key events and trends that will affect the business in the future

human relations movement correct answers belief that organizations must be understood as
systems of interdependent human beings who share a common interest in the survival and
effective functioning of the firm

leadership correct answers ability to drive change and innovation through inspiration and
motivation

management correct answers act of working with and thru a group of people to accomplish a
desired goal or objective in an efficient and effective manner

managerial view correct answers business framework where the firm is seen as a mechanism for
converting raw materials into products to sell to customers

scenario building correct answers forecasting the likely result that might occur when several
events and stakeholders are linked together

scientific management correct answers focus on how jobs, work, and incentive schemes could be
designed to improve productivity using industrial engineering methods

shareholder view correct answers business framework where the job of top mangers is to produce
the highest possible stock market valuation of the firm's assets

, stakeholder view correct answers business framework that attempts to organize and analyze
multiple groups that interact with the firm

strategic review process correct answers senior leaders of a corporation meet with business unit
managers to review progress toward specific goals

trend analysis correct answers tool where key variables are monitored and modeled to help
predict a change that might occur in the environment

board of directors correct answers group of individuals elected by the shareholders and charged
with overseeing the general direction of the firm

comparative advantage correct answers economic theory that proclaims countries should
specialize in producing goods for which they have the lowest opportunity cost of production

competitor correct answers any organization that creates goods or services targeted at a similar
group of customers

customers correct answers people or other organizations that buy a firm's products and services

economic dimension correct answers general economic environment in the markets where the
firm performs activities

employees correct answers people who make the products and provide the services that allow a
firm to exist

external environment correct answers external forces that affect the firm's business

general environment correct answers technological, economic, political/legal, and sociocultural
dimensions that affect a firm's external environment

globalization correct answers integration and interdependence of economic, technological,
sociocultural and political systems across diverse geographic regions

internal environment correct answers group of parties or factors that directly impact a firm,
including owners, the board of directors, employees and culture

legal dimension correct answers regulations and laws that a firm encounters in its markets

owners correct answers people or institutions that maintain legal control of an organization

political dimension correct answers political events and activities in a market that affect a firm

social values correct answers deeply rooted system of principles that guide individuals in their
everyday choices and interactions

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