MAN 4720 EXAM 3 QUESTIONS AND
ANSWERS 100% ACCURATE
organizational structure - ANSWER-specifies the firm's formal reporting relationships,
procedures, controls, and authority and decision-making process
organizational control - ANSWER-guide the use of strategy, indicate how to compare
actual results with expected results, and suggest corrective actions to take when the
difference is unacceptable
simple structure - ANSWER-the owner-manager makes all major decisions and
monitors all activities while staff serves as an extension of the manager's supervisors
authority
functional structure - ANSWER-consists of a CEO and a limited corporate staff, with
functional line managers in dominant organizational areas such as production,
accounting, marketing, r&d, engineering, and HR
m-form structure - ANSWER-consists of a corporate office and operating division
representing a separate business or profit center in which the top corporate officer
delegates responsibilities for day to day operations and business-unit strategy to
division managers
-cooperative
-SBU
-competitive - ANSWER-3 types of multidivisional structure
cooperative form - ANSWER-horizontal integration is used to bring about interdivisional
corporation
SBU form - ANSWER-consisting of 3 levels: corporate HQ, SBUs, and SBU divisions
entrepreneurial mind-set - ANSWER-values uncertainty in markets and seeks to
continuously identify opportunities in those markets that can be pursued through
innovation
international entrepreneurship - ANSWER-firms creatively discover and exploit
opportunities that are outside their domestic market
worldwide geographic area structure - ANSWER-emphasizes national interests and
facilitates the firm's efforts to satisfy local differences
ANSWERS 100% ACCURATE
organizational structure - ANSWER-specifies the firm's formal reporting relationships,
procedures, controls, and authority and decision-making process
organizational control - ANSWER-guide the use of strategy, indicate how to compare
actual results with expected results, and suggest corrective actions to take when the
difference is unacceptable
simple structure - ANSWER-the owner-manager makes all major decisions and
monitors all activities while staff serves as an extension of the manager's supervisors
authority
functional structure - ANSWER-consists of a CEO and a limited corporate staff, with
functional line managers in dominant organizational areas such as production,
accounting, marketing, r&d, engineering, and HR
m-form structure - ANSWER-consists of a corporate office and operating division
representing a separate business or profit center in which the top corporate officer
delegates responsibilities for day to day operations and business-unit strategy to
division managers
-cooperative
-SBU
-competitive - ANSWER-3 types of multidivisional structure
cooperative form - ANSWER-horizontal integration is used to bring about interdivisional
corporation
SBU form - ANSWER-consisting of 3 levels: corporate HQ, SBUs, and SBU divisions
entrepreneurial mind-set - ANSWER-values uncertainty in markets and seeks to
continuously identify opportunities in those markets that can be pursued through
innovation
international entrepreneurship - ANSWER-firms creatively discover and exploit
opportunities that are outside their domestic market
worldwide geographic area structure - ANSWER-emphasizes national interests and
facilitates the firm's efforts to satisfy local differences
