Intro to Business, chapter 7 Business Management and Organization

20 February 2024
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question
A network organization is an emerging structure in which __________ collaborate.
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A group of companies. Network organizations are collections of independent, mostly single-function firms that collaborate. Using this business structure a company can rely on the expertise of many manufacturers worldwide to independently manufacture or develop parts of a product or service
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A(n) _________ organization consolidates decision making in the hands of a few people.
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Vertical
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The best way to describe the conceptual skills that a good manager must develop is to state that these skills must include understanding the relationships between ___________.
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The different parts of the organization.
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Tasty Pastry Bakery Shop is having problems with its sticky buns. The bottoms are burning and the customers are complaining. Management has identified the problem and is looking into possible alternative solutions. They could change the recipe and reduce the sugar, which burns quickly, They could change the type of pan they are using. They could lower the temperature of the oven. The have tried changing the type of pan from steel cookie sheets to glass plans however, the buns are still burning What should they do now?
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Try reducing the amount of sugar or lowering the temperature.
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When Boeing recently produced its latest airplane, the Boeing 787, parts of the plane were manufactured by a firm in Italy, other parts were manufactured by a firm in Wichita, Kansas, and all of the elements of the plane were shipped to Everett, Washington, where the final assembly was completed. This is an example of a ________ organization.
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Network
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The need for a business to change quickly will often help determine the _________.
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Organizational structure. The organizational structure depends on the number of employees in the organization, the subjectivity of the business to rapid change, the collaborative nature of the work, and the speed at which decisions need to be made.
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_______ are broad, long-term accomplishments an organization wants to achieve and _____ are short-term targets designed to help achieve them.
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Goals:Objectives
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A vision statement identifies _________.
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What the business wants to be in the future.
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The mission statement for a company is most likely to appear on _________.
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Advertising material.
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Which of these falls directly under the responsibility of first-line managers? 1. day to day operations 2. crisis management planning 3. resource allocation for strategic planning 4. corporate benchmark setting 5. plans with a 1-3 year timeline
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Day to day operations
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Lower level managers must use interpersonal skills for a variety of reasons in the workplace; however they do not need to ______.
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Communicate with investors.
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Objectives are _________.
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designed to help a company achieve its goals.
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There are several steps that are crucial to effective time management Which of the following steps will not improve the productivity of a business? 1. Successfully delegating tasks to others. 2 answering all emails as soon as they arrive. 3. Identifying clear agendas for meetings. 4. crossing off tasks on the schedule as soon as they are completed, 5. determining the level of urgency of paperwork.
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crossing off tasks on the schedule as soon as they are completed.
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In an organizational chart for a company, training will generally fall under what division?
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Human resources.
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Which of the following types of plans represents a set of instructions for employees? 1. strategic 2. vision 3. mission 4. operational 5. tactical
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operational
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Reebok only designs and markets its products. The company does not actually produce any products. this is an example of a ___________.
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Network organization
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________ is the process of working with people and resources to accomplish the goals of an organization.
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Management
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____________ reflect the personality of a company.
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Mission statements