Business Organization & Management

Which of the following topics was NOT covered in our lesson on Business Organization and Management?

• Functions of Management

• Business Structures

• Functions of Leadership

• Leadership Styles

In regard to the Functional Structure of Management, how are employees grouped?

• based on skills and functions

• based on product lines

• based on strategic alliances and partnerships

Which of the following is NOT a function of management?

• Control

• Finance

• Organize

• Plan

The four functions of management are planning, organizing, leading, and controlling.

• True
• False

What are three common leadership styles?

• autocratic, democratic, and laissez-faire
• top, middle, and first-line
• strategic, tactical, and operational
• team, critical, and resolution

Which function of management involves strategy development and goal setting.

• organizing
• leading
• planning
• controlling

Which function of management involves allocating authority and resources to achieve company goals.

• organizing
• leading
• staffing
• implementing

What is one of the advantages of the Functional Structure?

• Clear roles and responsibilities

• Clear specialization and efficiency in specific functions or tasks

• Limited communication and coordination
• Fast and quick decision-making and problem-solving

The Divisional Structure divides the organization into self-contained units based on which three items?

• price, services, and time zones

• products, services, and geographic locations

• price, product lines, and locations

• product line, time zone, and services

The Matrix Structure combines aspects of which two structures?

• Flat and Network

• Functional and Flat

• Divisional and Flat

• Functional and Divisional