WPC 480 Chapter 11 UPDATED ACTUAL
Questions and CORRECT Answers
Organizational structure - CORRECT ANSWER - specifies the firm's
formal reporting relationships, procedures,
controls, and authority and decision-making
processes.
Strategic controls - CORRECT ANSWER - are largely subjective criteria
intended to verify that the firm is using
appropriate strategies for the conditions in the
external environment and the company's
competitive advantages.
simple structure - CORRECT ANSWER - is a structure in which the
owner-manager makes all major decisions and
monitors all activities, while the staff serves as
an extension of the manager's supervisory
authority.
Organizational controls - CORRECT ANSWER - guide the use of
strategy, indicate how to compare actual results
with expected results, and suggest corrective
actions to take when the difference is
unacceptable.
Financial controls - CORRECT ANSWER - are largely objective criteria
used to measure the firm's performance against
, previously established quantitative standards.
cooperative form - CORRECT ANSWER - is an M-form structure in
which horizontal integration is used to bring
about interdivisional cooperation.
multidivisional (M-form) structure - CORRECT ANSWER - consists of a corporate office
and operating
divisions, each operating division representing a
separate business or profit center in which the
top corporate officer delegates responsibilities
for day-to-day operations and business-unit
strategy to division managers.
functional structure - CORRECT ANSWER - consists of a chief
executive officer and a limited corporate staff,
with functional line managers in dominant
organizational areas such as production,
accounting, marketing, R&D, engineering, and
human resources.
strategic business unit (SBU) form - CORRECT ANSWER - is an
M-form consisting of three levels: corporate
headquarters, strategic business units (SBUs),
and SBU divisions.
worldwide geographic area structure - CORRECT ANSWER - emphasizes national
interests and facilitates the
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