Chain-of-command systems

Assignment Help Finance Basics
Reference no: EM13923575

Question 1. A company whose structure, policies, and capabilities allow employees to respond quickly to customer needs and changes in the business environment is termed as a(n) _____.

  • agile organization
  • hyperspecialized organization
  • formal organization
  • umbrella organization
  • mechanistic organization

Question 2: Which of the following chain-of-command systems was developed to address the need to combine specialization with management control?

  • Line organization
  • Line-and-staff organization
  • Agile organization
  • Formal organization
  • Informal organization

Question 3: _____ is defined as a pathway for the flow of authority from one management level to the next.

  • Span of management
  • Span of control
  • Departmentalization
  • Network structure
  • Chain of command

Question 4: Grouping departments according to similarities in product, process, customer, or geography is called _____.

  • network structure
  • virtual structure
  • matrix structure
  • functional structure
  • divisional structure

Question 5: Kelly, who had recently joined an organization, participates in all corporate events because she wants to be accepted as a friend by her coworkers. According to David McClelland's three-needs theory, this desire is known as _____.

  • need for power
  • need for achievement
  • need for self-esteem
  • need for affiliation
  • need for security

Question 6: Justin M. Brown, the operations manager at Vernon Manufacturing Company, formulated a strategy to motivate the firm's employees. Justin addressed employees' dissatisfaction by increasing their salary and incentives; he employed several industrial counselors to help employees deal with work-related stress; and improved the health insurance plan provided to employees. He also motivated employees by providing greater opportunity for advancement, recognizing employees who perform well and giving employees greater responsibility to foster a sense of achievement in them. Justin's measures are based on which of the following approaches?

  • McClelland's three-needs theory
  • Theory X
  • Theory Y
  • Herzberg's two-factor theory
  • Scientific management

Question 7: _____ connects an employee's efforts to the outcome he or she thinks will result from those efforts.

  • Maslow's hierarchy
  • Herzberg's two-factor theory
  • David McClelland's three needs theory
  • Expectancy theory
  • Equity theory

Question 8: _____ suggests that employee satisfaction depends on the perceived ratio of inputs to outputs.

  • Maslow's hierarchy
  • Herzberg's two-factor theory
  • David McClelland's three-needs theory
  • Expectancy theory
  • Equity theory

Question 9: Which of the following statements is true about management by objectives?

  • It suggests that employee satisfaction depends on the perceived ratio of inputs to outputs.
  • It has not been validated by experimental research.
  • It reduces employee involvement in goal setting and decision making.
  • It reduces employee stress by removing specific goals and targets.
  • It ensures that employees' activities are directly linked to achieving the organization's long-term goals.

Question 10: K.M. Retailers, an international consumer products retail chain, gives preference to women and minority-owned suppliers and subcontractors. The firm hires a large number of employees from ethnic minorities and the human resource department keeps the interests of these groups in mind while framing company policies. In this example, K.M. Retailers uses which of the following strategies?

  • Job enrichment
  • Ethnocentric policies
  • Decentralization
  • Deregulation
  • Diversity initiatives

Question 11: Quality of hire measures _____.

  • the amount of money spent in hiring and training new employees
  • the level of productivity of employees in the probationary period
  • how closely incoming employees meet the company's needs
  • the percentage of minority groups in a firm's workforce
  • the percentage of the workforce that leaves every year

Question 12: The sequence of activities that takes the longest time from start to finish in a PERT diagram is called the _____ path

  • external
  • lagging
  • minor
  • critical
  • buffered

Question 13: Polar Refrigerator Company reduces its inventory-carrying costs by having their vendors deliver materials right before they are needed in the production process. This is an example of _____ inventory management.

  • discounted
  • PERT
  • JIT
  • buffered
  • economic order based

Question 14: _____ refers to the creation of identical goods or services in large quantities

  • Mass customization
  • Batch-of-one production
  • Mass production
  • Customized production
  • Mass personalization

Question 15: _____ is a comprehensive approach of companywide policies, practices, and procedures to ensure that every product meets quality standards.

  • Statistical process control
  • Quality assurance
  • Quality control
  • Quality directive
  • Corrective management

Reference no: EM13923575

Questions Cloud

How the topic of this article apply to your personal life : As you read the article, consider the following questions: How could the topic of this article apply to your personal or professional life, and how could it apply to an organization you have observed
Specific forms of workplace discrimination : Evaluate the specific forms of workplace discrimination prohibited under current statutory and case law. Assess the classes of people protected by current employment law
Write code for an assembly language function : Write code for an assembly language function named rot_left which rotates a given integer (provided in R6 by a value given in R12. The result should be returned in R4.
The evolution of business ethics : In a three- to five-page paper, excluding the title page and reference page, complete the following:
Chain-of-command systems : Question 1. A company whose structure, policies, and capabilities allow employees to respond quickly to customer needs and changes in the business environment is termed as a(n) _____. Question 2: Which of the following chain-of-command systems was ..
Calculate the number of futures contracts required to hedge : Calculate the number of futures contracts required to hedge $15 million of Andrew's portfolio, using the data shown. State whether the hedge is long or short. Show all calculations.
What is the biggest challenge posed by egoism : What is a code of conduct? What is its role within an organization? What is the biggest challenge posed by egoism? Summarize the influences of diversity within a workplace
Describe the event and its overall impact : Describe the event and its overall impact, Evaluate business impact both: In general - how did it impact businesses - what was closed, what continued to function
Evidence to reject the null hypothesis : A random sample of 25 customers was chosen in UMUC MiniMart between 3:00 and 4:00 PM on a Friday afternoon. The frequency distribution below shows the distribution for checkout time (in minutes).

Reviews

Write a Review

Finance Basics Questions & Answers

  Enumerate the important role of some profitability ratio

enumerate the important role of some profitability ratio. explain how they are helpful in determining the profit

  Recommend a course of action for shamrock oil

Using a decision tree, recommend a course of action for Shamrock Oil.You must state your answers within a complete sentence so that your understanding of applying the results of the computations can be observed. You should also include the work for y..

  Which of the following has the most significant influence

which of the following has the most significant influence on return on equity?a. common dividendsb. principal

  What is the present value of kodaks growth opportunities

Kodak used to primarily produce and distribute photographic paper and developing materials for traditional (i.e., non digital) photographic methods.  A sizable portion of their business was home photography.  Since they were one of the few suppliers ..

  What is the total amount of assets invested in a nike and b

key comparative figures millions for bothnbspnikeandnbspreebokfollowkey figuresnikereebokfinancing liabilities

  Identify one of the principal responsibilities of each of

identify one of the principal responsibilities of each of the following financial managers. a chief financial officer

  Computation of wacc-npv-weighted average flotation cost

Mustard Patch Doll Company needs to purchase new plastic moulding machines to meet the demand for its product. The cost of the equipment is $100,000.

  What is the variable cost per unit

A project has earnings before interest and taxes of $5,750, fixed costs of $50,000, a selling price of $13 a unit, and a sales quantity of 11,500 units. Depreciation is $7,500.

  Dewyco has preferred stock trading at 50 per share the

dewyco has preferred stock trading at 50 per share. the next preferred dividend of 4 is due in one year. what is

  Measurements of unemployment and inflation

Financial Management: 3 essay questions APA FORMAT/250 words each question/ 2 cited sources each question. What role do the measurements of unemployment and inflation have on the management of an organization?

  Question on merger evaluation

ABC Incorporated shares are currently trading for $32 per share. The firm has 1.13 billion shares outstanding. In addition, the market value of the firm's outstanding debt is $2 billion.

  Global information systems

Is the investment on global information systems justified and when you need to keep several aspects, such as cultural, political, social, and ethical concepts in mind when developing, implementing, and operating these systems.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd