mgmt 352 final
Nerissa sets up a business consulting firm in which the employees are motivated because they find their work interesting and creative. She carefully hires workers who fit well with their assigned tasks. Also, she clearly defines the results expected of each worker, but allows the workers to determine the means to these results. Which of the following best describes Nerissa's business?
A firm that relies on high output controls to tap into extrinsic motivation.
Dom is a recent graduate who states that he has interned at a major accounting firm so that his value as a candidate for employment increases. A start-up recruits Dom based on his stated credentials without verifying them. Two days into the job, Dom's team lead realized that Dom does not know much of what he claimed to know during the interview. This scenario best ecemplifies
Adverse selection
The same for an agreed-upon code of conduct in business, based on societal norms is
Business eithics
The bulwark Tea & Coffee chain recently reorganized, laying off some managers and employees. The remaining managers were told they would each have an increased span of control. What does this mean?
Each manager will have more employees to supervise and monitor.
Why should managers using the M-form organizational structure to support a related-diversification strategy ideally concentrate decision making at the top of the organization?
It allows a high level of integration
A short coming of vertical integration is
It increases the potential of legal repercussions.
An organization that is organized according to strategic business units and also along organizational structures is most likely using a ___ structure
Matrix
Elon musk was in court trying to defend the purchase of solar city. Choose one of the following reasons for business growth that could involve principal-agent problems?
Motivating managers
Amazon is trying to enter the pharmaceutical fulfillment business in the markets they operate. The goals is the leverage the efficiencies in stocking, sorting, packing, and distribution to lower the cost of pharmaceuticals. This development shows Amazon's relentless pursuit of
Product diversification
Nissan. Inc. is a large car company. The company's gas-based cars strategic business unit has been recognized as a cash cow, and its hybrid electric cars SBU has been categorized under stars. Which of the following can be inferred from this scenario?
The petrol cars SBU operates in a low-growth market, whereas the hybrid electric cars SBU operates in a high-growth market.
Sharen Turney has been named CEO of Victoria's Secret, As CEO, she is tasked with setting the firm's corporate strategy. Which of the following decisions is Sharen most likely to make?
What range of products the firm should offer.
A functional structure is recommended when a firm
has a low level of diversification.
