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WGU D078 - Business Environment Applications I: Business Structures and Legal Environment STUDY GUIDE WITH QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+ || 100% GUARANTEED PASS NEWEST VERSION

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WGU D078 - Business Environment Applications I: Business Structures and Legal Environment STUDY GUIDE WITH QUESTIONS AND CORRECT VERIFIED ANSWERS GRADED A+ || 100% GUARANTEED PASS NEWEST VERSION Administrative - Answer ️Organizational theory that focuses on efficiency through management training and behavioral characteristics with the goal of improving workplace productivity Bureaucratic - Answer ️Organizational theory that focuses on creating rules and regulations to simplify complex procedures in societies and workplaces C-level - Answer ️Refers to high-level corporate positions in an organization, where the C stands for chief in positions such as chief executive officer (CEO), chief financial officer (CFO), chief operations officer (COO), and chief technology officer (CTO) Centralized - Answer ️Decision-making function lies with a central figure or group, such as the CEO or board of trustees Chain of command - Answer ️Hierarchy of control and decision making from superiors down through subordinates codify - Answer ️To arrange or organize laws in a systematic fashion Contingency or situational - Answer ️Organizational theory that emphasizes managers must have the ability to make adjustments and to adapt how they manage their organizations contingent upon changing environmental conditions Corporation - Answer ️A corporation is a legal entity chartered by the state, with a separate and distinct existence from its owners. decentralized - Answer ️Decision-making function does not lie with a central figure or group, but with department managers and other key personnel Divisional - Answer ️Structure is most often found in consumer products companies, grouped by organizational function, such as product division (specific make/model of vehicle) or geographical division (northeast/southwest or North America/South America) doing business as - Answer ️Filing as a sole proprietorship under your own name or a fictitious name. ethics - Answer ️Moral principles that guide behavior and decisions Functional or departmental - Answer ️Structure most often found in manufacturing companies, based on departments and their functions, such as marketing, finance, production, sales, customer service, and so on Functions or departments - Answer ️Serve to define the division of work along task-oriented lines General partnership - Answer ️A general partnership is formed when two or more persons agree to share profits and losses in a joint business venture. goal approach model - Answer ️Strategy that focuses on an organization attaining its goals with respect to preferred levels of output and sees effectiveness with respect to its internal organizational objectives and performance intellectual property - Answer ️It is a creative work or invention to which the author or inventor has rights and may apply for a patent, copyright, or trademark. Level of formality - Answer ️How procedures, rules, and guidelines are implemented, the behavioral norms and expectations, and how it influences and facilitates the overall culture Liability - Answer ️Liability is the risk and responsibility for business debts and other actions related to a business. Limited liability company (LLC) - Answer ️A limited liability company (LLC) is a hybrid form of business that provides limited liability to owners while being treated as a partnership for tax purposes. Limited liability partnership (LLP) - Answer ️A limited liability partnership (LLP) is similar to the LLC, except it is designed for professionals who do business as partners. Limited partnership - Answer ️A limited partnership must be formed in compliance with state statutes that provide limited liability to certain limited partners who agree to refrain from management of the business. Matrix - Answer ️Structure most often found when combining two different forms of departments, such as functional and product, that have complementary strengths and weaknesses Modern - Answer ️Organizational theory that espouses the belief that changing one variable impacts many other variables, so adjusting and adapting to changes in the environment is essential to maintain equilibrium

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WGU D078 - Business Environment Applications
Course
WGU D078 - Business Environment Applications

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WGU D078 - Business Environment Applications
I: Business Structures and Legal Environment
STUDY GUIDE WITH QUESTIONS AND
CORRECT VERIFIED ANSWERS GRADED
A+ || 100% GUARANTEED PASS NEWEST
VERSION

Administrative - Answer Organizational theory that focuses on efficiency
through management training and behavioral characteristics with the goal of
improving workplace productivity


Bureaucratic - Answer Organizational theory that focuses on creating rules and
regulations to simplify complex procedures in societies and workplaces


C-level - Answer Refers to high-level corporate positions in an organization,
where the C stands for chief in positions such as chief executive officer (CEO),
chief financial officer (CFO), chief operations officer (COO), and chief technology
officer (CTO)


Centralized - Answer Decision-making function lies with a central figure or
group, such as the CEO or board of trustees


Chain of command - Answer Hierarchy of control and decision making from
superiors down through subordinates


codify - Answer To arrange or organize laws in a systematic fashion

, Contingency or situational - Answer Organizational theory that emphasizes
managers must have the ability to make adjustments and to adapt how they manage
their organizations contingent upon changing environmental conditions


Corporation - Answer A corporation is a legal entity chartered by the state, with
a separate and distinct existence from its owners.


decentralized - Answer Decision-making function does not lie with a central
figure or group, but with department managers and other key personnel


Divisional - Answer Structure is most often found in consumer products
companies, grouped by organizational function, such as product division (specific
make/model of vehicle) or geographical division (northeast/southwest or North
America/South America)


doing business as - Answer Filing as a sole proprietorship under your own
name or a fictitious name.


ethics - Answer Moral principles that guide behavior and decisions


Functional or departmental - Answer Structure most often found in
manufacturing companies, based on departments and their functions, such as
marketing, finance, production, sales, customer service, and so on


Functions or departments - Answer Serve to define the division of work along
task-oriented lines

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WGU D078 - Business Environment Applications
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WGU D078 - Business Environment Applications

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