Exam (elaborations)
Bus 1101 Principles of Business Management Correct Questions and Answers
- Course
- Institution
Bus 1101 Principles of Business Management Correct Questions and Answers
[Show more]
Seller
Follow
Content preview
Bus 1101 Principles of BusinessManagement Correct Questions and
Answers
sammysylvan001@gmail.com
[COMPANY NAME] [Company address]
, Bus 1101 Principles of Business Management
Correct Questions and Answers
organizational structure - correct answer How individual and team work within an organization are
coordinated.
Four aspects of organizational structure - correct answer Centralization, formalization, hierarchical
levels, departmentalization
Centralization - correct answer the degree to which decision making is concentrated at upper levels of
the organization
Formalization - correct answer The extent to which policies, procedures, job descriptions, and rules are
written and explicitly articulated
Tall structures - correct answer Organizations with several layers of management between front-line
employees and the top level
Flat structures - correct answer Organizations with few layers, often with large numbers of employees
reporting to a single manager
Functional structures - correct answer Structures in which jobs are grouped based on similarity in
functions
Divisional structures - correct answer When departments represent the unique products, services,
customers, or geographic locations the company is serving
Mechanistic structures - correct answer Those structures that resemble a bureaucracy and are highly
formalized and centralized
Organic structures - correct answer Those structures that are flexible and decentralized with low levels
of formalization where communication lines are more fluid and flexible
,Matrix organizations - correct answer Organizations that cross a traditional functional structure with a
product structure. Specifically, employees reporting to department managers are also pooled together to
form project or product teams
Boundaryless organization - correct answer An organization that eliminates traditional barriers between
departments as well as barriers between the organization and the external environment
Modular organization - correct answer An organization where all the nonessential functions are
outsourced
Strategic alliances - correct answer A form of boundaryless design where two or more companies find an
area of collaboration and combine their efforts to create a partnership that is beneficial for all parties
Learning organization - correct answer One where acquiring knowledge and changing behavior as a
result of the newly acquired knowledge is part of an organization's design
Organizational change - correct answer The movement of an organization from one state of affairs to
another
Forms of organizational change - correct answer Structure, procedures, technology, culture
Percentage of businesses that fail in the first year - correct answer 50%
Organizational change is often a response to changes in the - correct answer Environment
Active resistance - correct answer The most negative reaction to a proposed change attempt
Passive resistance - correct answer Being disturbed by changes without necessarily voicing those
opinions
Compliance - correct answer Going along with proposed changes with little enthusiasm
, Enthusiastic support - correct answer Defenders of the new way and those who actually encourage
others to give support to the change effort
Seven reasons why people resist change - correct answer Disrupted habits, personality, feelings of
uncertainty, fear of failure, personal impact of change, prevalence of change, perceived loss of power,
Unfreezing - correct answer Making sure that organizational members are ready for and receptive to
change
Change - correct answer Executing the planned changes
Refreezing - correct answer Ensuring that change becomes permanent and the new habits, rules, or
procedures become the norm.
Not all organizations need strategies to survive and thrive - correct answer False
Strategy formulation is an essential component of the POLC framework: - correct answer Planning
True or false: The best strategies, corporate and business, or based on a thorough SWOT analysis -
correct answer True
The intensity of industry competition and an industry's profit potential are a function of the following
forces of competition? - correct answer Threats posed by new entrants
True or false: Firms utilizing a competitive scope strategy can taylor advertising and promotional efforts
to a particular market niche - correct answer False
A firm's tangible resources include which of the following? - correct answer Production equipment
Management - correct answer The art of getting things done through the efforts of other people.
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 sammysylvan001. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.39. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78998 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now