Chapter 7: Structuring Organizations for Today's Challenges(Correctly Answered Questions, Questions and Answers with Explanations (latest Update), 100% Correct, Download to Score A)

Remaining ______ is the key to an organization's success in changing times. flexible Which is a true statement about the principles of organization? Regardless of the business size the principles are similar. Managing has become a critical managerial function because the increasing rate of change affects all organizations. change Economies of scale work best in a company that makes large quantities of goods using processes. Blank 1: mass Blank 2: production When a company purchases raw materials in bulk, thus reducing the cost of production, it is called: economies of scale The key to success is remaining in changing times. Blank 1: flexible, adaptable, or agile Under unity of command, each worker is to report to only boss. Blank 1: one Regardless of the size of the organization, the principles of organizing include: - a hierarchy of authority - dividing up the tasks to be done - deciding what work needs to be done The result of the increase in the rate of change in the business environment from causes such as natural disasters and global competition has been that companies must: - change more quickly than ever before - adapt to new technologies Innovations like the mass production of cars can create economies of scale. However, over time this benefit becomes less meaningful because: other companies copy the process A Fayol principle that states each worker is to report to one and only one boss. Unity of command In economies of scale, a company buys raw materials in bulk so that the average cost of goods goes as the production levels increase. Blank 1: down or lower