Question 1

Organizational Structure,Culture and Management Approach refers to the decision-making hierarchy,the delegated span of control within an organization,and the allocation of position power within it.

Accepted Answer

The answer of Organizational Structure,Culture and Management Approach refers to...

Question 2

Control Systems to Manage Strategic Intent focuses on the processes and initiatives needed to support and direct the product/service transformation process within the organization,the creation of the value proposition applicable to such products/services,and the distribution,marketing,sales,and service in support of these products/services.

Accepted Answer

The answer of Control Systems to Manage Strategic Intent focuses...

Question 3

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

Accepted Answer

The traditional way to departmentalize an organization is by functions or tasks performed, such as marketing, finance, human resources, etc. Geographical area served may be a way to structure sales or customer service teams, but it is not the primary way to departmentalize an entire organization.

Question 4

Support of the overall corporate level vision and mission defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

Accepted Answer

The answer of Support of the overall corporate level vision...

Question 5

Operational Processes and Market Support & Alignment relates to the formal framework around which the business system is designed and how such a structure directs and influences collaboration,the exchange of knowledge,the communication of and sharing of ideas,and the work environment surrounding the accomplishment of tasks and the meeting of responsibilities.

Accepted Answer

The answer of Operational Processes and Market Support & Alignment...

Question 6

Departmentalization is the dividing of organizational functions into separate units.

Accepted Answer

Departmentalization is indeed the dividing of organizational functions into separate units. This helps to create a more efficient and effective organizational structure by allowing for specialization, better coordination, and clear communication channels.

Question 7

Organizational Structure,Culture and Management Approach defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

Accepted Answer

The answer of Organizational Structure,Culture and Management Approach defines the...

Question 8

Departmentalization by function is a grouping of workers based on similar skills,expertise,or resource use.

Accepted Answer

Departmentalization by function groups workers together based on their similar skills or expertise, making it easier to coordinate work and allocate resources efficiently within a department.

Question 9

Operational Processes and Market Support & Alignment focuses on the processes and initiatives needed to support and direct the product/service transformation process within the organization,the creation of the value proposition applicable to such products/services,and the distribution,marketing,sales,and service in support of these products/services.

Accepted Answer

This statement accurately describes the focus of Operational Processes and Market Support & Alignment.

Question 10

Support of the overall corporate level vision and mission refers to the decision-making hierarchy,the delegated span of control within an organization,and the allocation of position power within it.

Accepted Answer

Support of the overall corporate level vision and mission refers to the alignment of individual and departmental goals with the overall goals of the organization.

Question 11

Operational Processes and Market Support & Alignment refers to the decision-making hierarchy,the delegated span of control within an organization,and the allocation of position power within it.

Accepted Answer

Operational Processes and Market Support & Alignment typically refer to the systems and activities that ensure efficient operations and alignment with market demands, not specifically to decision-making hierarchy or allocation of position power.

Question 12

Support of the overall corporate level vision and mission focuses on the processes and initiatives needed to support and direct the product/service transformation process within the organization,the creation of the value proposition applicable to such products/services,and the distribution,marketing,sales,and service in support of these products/services.

Accepted Answer

The answer of Support of the overall corporate level vision...

Question 13

Departmentalization helps develop a creative environment through a group think process.

Accepted Answer

Departmentalization can actually hinder creativity as it can create silos and limit communication and idea sharing between departments.

Question 14

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.

Accepted Answer

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

Question 15

Organizational Structure,Culture and Management Approach focuses on the processes and initiatives needed to support and direct the product/service transformation process within the organization,the creation of the value proposition applicable to such products/services,and the distribution,marketing,sales,and service in support of these products/services.

Accepted Answer

The answer of Organizational Structure,Culture and Management Approach focuses on...

Question 16

Mechanisms for Effective Talent Management defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

Accepted Answer

This statement is not a correct definition of talent management. It describes performance management or organizational performance evaluation, which are related but distinct concepts from talent management.

Question 17

Departmentalization by function allows employees an opportunity to develop their skills.

Accepted Answer

Departmentalization by function groups together employees who share the same skills and expertise, allowing them to work together and learn from each other. This can lead to skill development and career growth for employees within that department.

Question 18

Departmentalization by function typically increases the cost of doing business.

Accepted Answer

Departmentalization by function often leads to efficiencies because it allows for specialization within each department, which can reduce costs and improve productivity.

Question 19

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

Accepted Answer

The answer of Organizations that utilize departmentalization benefit from improved...

Question 20

Control Systems to Manage Strategic Intent defines the managerial evaluation and control processes utilized to determine the success of the organization in meeting its strategic and operational goals and objectives

Accepted Answer

The statement accurately defines Control Systems to Manage Strategic Intent.

Quiz 7: Entrepreneurship and Forms of Business Ownership