I: Business Structures and Legal Environment
STUDY GUIDE WITH QUESTIONS AND
CORRECT VERIFIED ANSWERS GRADED
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Administrative - Answer Organizational theory that focuses on efficiency
through management training and behavioral characteristics with the goal of
improving workplace productivity
Bureaucratic - Answer Organizational theory that focuses on creating rules and
regulations to simplify complex procedures in societies and workplaces
C-level - Answer Refers to high-level corporate positions in an organization,
where the C stands for chief in positions such as chief executive officer (CEO),
chief financial officer (CFO), chief operations officer (COO), and chief technology
officer (CTO)
Centralized - Answer Decision-making function lies with a central figure or
group, such as the CEO or board of trustees
Chain of command - Answer Hierarchy of control and decision making from
superiors down through subordinates
codify - Answer To arrange or organize laws in a systematic fashion
, Contingency or situational - Answer Organizational theory that emphasizes
managers must have the ability to make adjustments and to adapt how they manage
their organizations contingent upon changing environmental conditions
Corporation - Answer A corporation is a legal entity chartered by the state, with
a separate and distinct existence from its owners.
decentralized - Answer Decision-making function does not lie with a central
figure or group, but with department managers and other key personnel
Divisional - Answer Structure is most often found in consumer products
companies, grouped by organizational function, such as product division (specific
make/model of vehicle) or geographical division (northeast/southwest or North
America/South America)
doing business as - Answer Filing as a sole proprietorship under your own
name or a fictitious name.
ethics - Answer Moral principles that guide behavior and decisions
Functional or departmental - Answer Structure most often found in
manufacturing companies, based on departments and their functions, such as
marketing, finance, production, sales, customer service, and so on
Functions or departments - Answer Serve to define the division of work along
task-oriented lines