BUS X100 EXAM 4 QUESTIONS AND ANSWERS

BUS X100 EXAM 4 QUESTIONS AND ANSWERS
delegation of authority - CORRECT ANSWER✅✅✅giving employees not only tasks, but also the
power to make commitments, use resources, and take whatever actions are necessary to carry out
those tasks



organizational culture - CORRECT ANSWER✅✅✅a firm's shared values, beliefs, traditions,
philosophies, rules, and role models for behavior



organizational chart - CORRECT ANSWER✅✅✅a visual display of the organizational structure, lines
of authority (chain of command), staff relationships, permanent committee arrangements, and lines of
communication



responsibility - CORRECT ANSWER✅✅✅the obligation, placed on employees through delegation, to
perform assigned tasks satisfactorily and be held accountable for the proper execution of work



accountability - CORRECT ANSWER✅✅✅the principle that employees who accept an assignment
and the authority to carry it out are answerable to a superior for the outcome



centralized organization - CORRECT ANSWER✅✅✅a structure in which authority is concentrated at
the top, and very little decision-making authority is delegated to lower levels



decentralized organization - CORRECT ANSWER✅✅✅an organization in which decision-making
authority is delegated as far down the chain of command as possible



span of management - CORRECT ANSWER✅✅✅the number of subordinates who report to a
particular manager



organizational layers - CORRECT ANSWER✅✅✅the levels of management in an organization



line structure - CORRECT ANSWER✅✅✅the simplest organizational structure, in which direct lines of
authority extend from the top manager to the lowest level of the organization