BMGT 364 QUIZ 2, WEEK 3 QUESTIONS AND ANSWERS UNIVERSITY OF MARYLAND

BMGT 364 QUIZ 2, WEEK 3 QUESTIONS AND ANSWERS UNIVERSITY OF MARYLAND edward jones is a national financial advisory firm. the company has 14,000 advisors, most of whom run a one-person office. the advisors have a great deal of autonomy to manage the customer relationship. This means: the organization benefits from stability in its operations the org is hurt by a lack of coordination the org lacks the necessary stability to centralize its decision making the org benefits from greater productivity, innovation, and customer service you were having lunch with a friend and they were talking about a new job he started as an insurance agent running his own office. He explains that he loves the flexibility knowing that 80% of the company employees run a one-person office with only a few central staff that support the organization. This company benefits from: a flat org with autocratic central managers a flat org with more autonomy and faster communications a tall org with well-defined task for each employees a hierarchical org with multiple levels of reporting in a centralized org, only the top managers make decision, whereas the lower-level managers are tasked with carrying out the directives true false if the need for organizational change is communicated from the top down, it must be modeled from the bottom up true false project teams are focused on multiple objectives and usually stay together to gain another assignment true false what are the 4 methods for maintaining corporate culture? training, offboarding, hiring, recruiting recruiting, onboarding, training, hiring recruiting, onboarding, offboarding, hiring hiring, onboarding, offboarding, training organizational culture is a term that can relate to any organization, form a church to a university true false an organization is planning on changing it mission to read: “our global strategy will be aligned to allow the organization to provide outstanding customer service regardless of our location.” This plan is to change the focus of the organization’s: division of labor hierarchy of authority coordinated effort common purpose organizational culture is a term that best describes the need for corporate parties the shared values and goals of the org the singular focus of management to dictate tasks how your HR department seeks new employees you just started work for a national landscaping design and installation company. You noticed the organization is organized into the following areas: operations, finance, sales, design, and marketing. What kind of structure have they implemented in their business functional geographical customer-based product-based