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Exam 7: Entrepreneurship and Forms of Business Ownership

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Question 41

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The goal of any restructuring initiative should be to increase the value and the long-term health of the organization.

A) True
B) False

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Question 42

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Control Systems to Manage Strategic Intent is considered to be a cornerstones to the structural foundation of a business,how it operates,and how its tactical execution is tied to its strategic plan.

A) True
B) False

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Question 43

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"What culture or environment is needed?" is one of the key questions that managers should take into consideration when developing the organization's framework?

Degree of Departmentalization refers to the dividing of the organization's work units into defined functional areas.

Dean's Formals,an old local business,is experiencing some severe cash flow problems.Therefore,in order to effectively address these problems the senior management has adopted the following decision making model,

Structure relates to the formal framework around which tasks are organized and responsibilities allocated within an organization.

Mechanisms for Effective Talent Management refers to the decision-making hierarchy,the delegated span of control within an organization,and the allocation of position power within it.

As ________ change,so must the business system framework required to ensure the successful execution of the revised strategic direction.

Culture reflects the behavioural aspect of the internal processes and procedures which the organization uses to facilitate the completion of tasks and the management of outcomes.

The traditional way to departmentalize an organization is by geographical area served.

Risk Allowance refers to the degree of entrepreneurship which is embedded into the organization.

The flatter an organization's structure,the fewer managers are needed.

Many organizations have a tendency to follow a generalized structure development path as they flow through their growth cycles.

Which of the following is NOT one of the key questions that managers should take into consideration when developing the organization's framework?

relating to organizational successes and achievement of performance benchmarks.

Nature of the work refers to the number of subordinates a manager will have reporting to him or her.

Departmentalization by function typically increases the cost of doing business.

Economies of scale can be achieved through departmentalization.

Organizations that utilize departmentalization benefit from improved communication between their different departments.

The goal of any restructuring initiative should be to increase the costs and the long-term health of the organization.