MNGT 4800 Exam 3 Questions with Correct
Answers
Division of Labor
a process of splitting up a task into a series of smaller tasks, each of which is performed by a
specialist
Organizational Structure
how tasks are assigned and grouped together with formal reporting relationships
Organizational Chart
a diagram that depicts how companies' structures are built using two basic building blocks:
vertical linkages and horizontal linkages
Vertical Linkages
linkages within an organizational structure that show the lines of responsibility through which
a supervisor delegates authority to subordinates, oversees their activities, evaluates their
performance, and guides them toward improvement when necessary
Unity of Command
principle that states that each person within an organization should only report directly to one
supervisor
Horizontal Linkages
relationships between equals in an organization
Informal Linkages
unofficial relationships such as personal friendships, rivalries, and politics
,Simple Structure
structures that do not rely on formal systems of division of labor, often because one person
performs all of the tasks that the organization needs to accomplish
Functional Structure
organizational structure whereby employees are divided into departments that each handle
activities related to a functional area of the business, such as marketing, production, human
resources, information technology, and customer service
Multidivisional Structure
organizational structure whereby employees are divided into departments based on product
areas and/or geographic regions
Matrix Structures
organizational structure that relies heavily on cross-functional teams that each work on a
different project
Boundaryless Organization
an organization that removes the usual barriers between parts of the organization as well as
barriers between the organization and others
Organizational Control Systems
allow executives to track how well the organization is performing, identify areas of concern,
and then take action to address the concerns
Output Control
control that focuses on measurable results within an organization
, Behavioral Control
control that focuses on controlling the actions that ultimately lead to results
Clan Control
informal type of control that relies on shared traditions, expectations, values, and norms to
lead people to work toward the good of their organization
Organizational Control
values and norms embraced by an organization and that control the way they interact with
other organizational members as well as external organizational stakeholders
Sole Proprietorship
refers to a company that is owned by one person
Partnership
refers to a legal form of business where two or more partners share ownership of a company
Corporation
a legal form of ownership wherein shares of ownership are publicly traded in stock markets
and management is performed by professional executives
S Corporation
a special type of corporation wherein the company's profits and losses are reported on
owners' personal tax returns in proportion with each owner's share of the company
Limited Liability Company (LLC)
Answers
Division of Labor
a process of splitting up a task into a series of smaller tasks, each of which is performed by a
specialist
Organizational Structure
how tasks are assigned and grouped together with formal reporting relationships
Organizational Chart
a diagram that depicts how companies' structures are built using two basic building blocks:
vertical linkages and horizontal linkages
Vertical Linkages
linkages within an organizational structure that show the lines of responsibility through which
a supervisor delegates authority to subordinates, oversees their activities, evaluates their
performance, and guides them toward improvement when necessary
Unity of Command
principle that states that each person within an organization should only report directly to one
supervisor
Horizontal Linkages
relationships between equals in an organization
Informal Linkages
unofficial relationships such as personal friendships, rivalries, and politics
,Simple Structure
structures that do not rely on formal systems of division of labor, often because one person
performs all of the tasks that the organization needs to accomplish
Functional Structure
organizational structure whereby employees are divided into departments that each handle
activities related to a functional area of the business, such as marketing, production, human
resources, information technology, and customer service
Multidivisional Structure
organizational structure whereby employees are divided into departments based on product
areas and/or geographic regions
Matrix Structures
organizational structure that relies heavily on cross-functional teams that each work on a
different project
Boundaryless Organization
an organization that removes the usual barriers between parts of the organization as well as
barriers between the organization and others
Organizational Control Systems
allow executives to track how well the organization is performing, identify areas of concern,
and then take action to address the concerns
Output Control
control that focuses on measurable results within an organization
, Behavioral Control
control that focuses on controlling the actions that ultimately lead to results
Clan Control
informal type of control that relies on shared traditions, expectations, values, and norms to
lead people to work toward the good of their organization
Organizational Control
values and norms embraced by an organization and that control the way they interact with
other organizational members as well as external organizational stakeholders
Sole Proprietorship
refers to a company that is owned by one person
Partnership
refers to a legal form of business where two or more partners share ownership of a company
Corporation
a legal form of ownership wherein shares of ownership are publicly traded in stock markets
and management is performed by professional executives
S Corporation
a special type of corporation wherein the company's profits and losses are reported on
owners' personal tax returns in proportion with each owner's share of the company
Limited Liability Company (LLC)
