A decentralized organizational structure is more likely to further the cause of good strategy execution than is a centralized organization structure. True or false? Justify your answer.
What will be an ideal response?
Decentralized organizational structures have much to commend them. Delegating authority to subordinate managers and rank-and-file employees encourages them to take responsibility and exercise initiative. It shortens organizational response times to market changes and spurs new ideas, creative thinking, innovation, and greater involvement on the part of all company personnel. In worker-empowered structures, jobs can be defined more broadly, several tasks can be integrated into a single job, and people can direct their own work. Fewer managers are needed because deciding how to do things becomes part of each person's or team's job. Further, today's online communication systems and smart-phones make it easy and relatively inexpensive for people at all organizational levels to have direct access to data, other employees, managers, suppliers, and customers. They can access information quickly (via the Internet or company network), readily check with superiors or whomever else as needed, and take responsible action. Typically, there are genuine gains in morale and productivity when people are provided with the tools and information they need to operate in a self-directed way.
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Which of the following is an element of surface-level diversity?
A. values B. beliefs C. attitudes D. race
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold$226,000 Merchandise inventory, January 1 54,800 Merchandise inventory, December 31 57,400 Accounts payable, January 1 54,400 Accounts payable, December 31 59,800
A. $234,000. B. $223,200. C. $218,000. D. $228,800. E. $220,000.
The alternative minimum tax (AMT) was created by Congress to make it more difficult for wealthy individuals to avoid paying taxes through the use of various deductions.
Answer the following statement true (T) or false (F)
Which of the following statements regarding auto insurance is not true?
A) No-fault insurance programs do not hold a specific driver liable for causing an accident. B) Exaggerated personal injury claims result in additional insurance expenses of about $100 million per year. C) One reason for high auto insurance premiums is auto insurance fraud. D) If you drive a car, you need to have auto insurance.