Principals of Business Management Exam 2

Compensation

"BLANK" is the financial remuneration given by an organization to its employees in exchange for their work.

Authority

"BLANK" is the power that has been legitimized by the organization

Recruiting

"BLANK" is the process of attracting qualified persons to apply for jobs that are open.

Decentralization

"BLANK" is the process of systematically delegating power and authority throughout the organization to middle and lower level managers.

Development

"BLANK" refers to teaching managers.

Bureaucracy

A "BLANK" is a management model of organization design.

Mechanistic

A "BLANK" organization is similar to the bureaucratic model.

Has its own self contained training facility

A business that has a corporate university:

Differentiation

A firm with a few sub-units is said to have a low level of:

Unstable

According to Burns and Stalker, an organizational environment that is subject to uncertainty and rapid change would be:

Small Business

Gadgetbug, a repair store, has 26 employees and operates in a two-story building. The firm is well-known in the community..

Convince individuals who are approaching retirement/preparing to leave to stay on.

While matching human resource supply and demand, managers can handle predicted shortfalls by:

Job Evaluation

An attempt to assess the worth of each job relative to other jobs is known as:

Service Industry

Angela runs a same day delivery service. Her work involves hiring reliable drivers.

Is functional departmentalization

At Gamma Inc. there are separate departments of employees who specialize in sales, etc

Coordination

Delta corp. manufacturing and design department frequently consults..

Choosing an industry in which to compete in.

Elaine is an entrepreneur. She has product idea that she really believes in. She is not sure if she should both make the product and sell it directly to consumers. Her other options would be to find another firm to build the product or to make it herself bet then sell it to other stores which would then sell to the end user. Which of the strategic challenges facing small firms is she currently addressing?

Centralization

Gadgetburg Inc. manufactures home appliances. All the decisions are made by the top managers at the company. The middle and lower managers follow the instructions given by top managers rather than making decisions by themselves. Which of the following concepts is illustrated in the scenario?

Identifying a new market

Henry discovered and added a new flavor of ice cream to his menu of homemade ice creams. He lives in Florida, wants to sell in Georgia.

Number of things a person does in a job.

In context of job characteristics, skill variety refers to the:

Wage-Level Decision

Is a management policy decision to pay above, at, or below the going rate for labor in an industry or geographic area.

Affirmative action

Is defined as intentionally seeking and hiring a qualified employee from racial, sexual, or ethnic group

Construction Industry

It is common in the "BLANK" skilled craftspeople start out working for someone else and then start a small firm so they can work for themselves.

Enlargement

Job "BLANK" was developed as a limited approach specifically intended to increase the total number of tasks workers perform. As a result, all workers perform a wide variety, which presumably reduces the level of job dissatisfaction.

Retail

Jordan owns a pet shop which sells specialty products.

Total number of full-time or full-time equivalent employees in an organization.

Organizational size is defined as:

Lower levels of turnover and absenteeism

Organizations that manage diversity effectively often have:

They start businesses

Which of the following statements is true about entrepreneurs?

Divisional

The "BLANK" design is based on multiple businesses in related areas operating within a larger organizational framework.

Matrix

The "BLANK" design is based on two overlapping bases of departmentalization.

H-Form

The "BLANK" design is essentially a holding that results from unrelated diversification.

40 years old

The age discrimination act.

Number of people reporting to a particular manager.

The term span of management refers to the:

U-Form

Under the "BLANK" arrangement, the members and units in an organization are grouped into a functional department.

Pooled

Units with "BLANK" interdependence

Rotation

Workers move from job to job.