Business Culture and Organization Quiz

Thetales of company creation, such as difficulties the founder had to face and how he/she managed to overcome them successfully often form a part of organizational culture. Is this statement true or false?

• True

• False

Which of the following statements is false?

• Perfect competition is when a firm has too much control over the market of a particular good

• Imperfect competition is when the market for certain good or service does not have a lot of competitors

• Monopolistic competition is refers to a market structure that is across between the two extremes of perfect competition and monopoly

• None of the above.

Which of the following is NOT a characteristic of a perfect market?

• Large numbers of customers and suppliers

• All suppliers provide a wide range of products and services

• There is perfect information for customers and suppliers

• There are no entry or exit barriers to the market

A matrix organization aims to combine the advantages of which of the following structures?

Which one of the following would normally cause a rightward shift in the demand curve for a product?

• A fall in the price of a substitute product

• A reduction in direct taxation on incomes

• A reduction in price of the product

• An increase in the price of a complementary product

To whom of the 4 Greek Gods was Handy referring when the culture of an organization is likely to be focused on individual, that is, the person takes the central point of the organization

• Zeus

• Apollo

• Athena

• Dionysus

How diverse is the company either in terms of product range, geographical spread or cultural make-up of its stakeholders is a factor that shapes the culture of the organization.

John begins a new job at a company. He discovers that, unlike his previous job, all staff members dress casually. According to Schein, which level of culture is John observing?

• Artefacts

• Espoused values

Delayering would:

• Make an organization taller

• Make an organization flatter

Corporate governance is essentially of what significance?