Answer the following statement(s) true (T) or false (F)
1. Organizational structure is an incredibly important, yet often overlooked, component of the success or failure of a business.
2. A new focus on “adaptive organizations” suggests that firms that are able to change their structure rapidly in response to environmental and competitive challenges are more likely to sustain long-term profitability.
3. The functional structure is the only efficient way to organize.
4. Organizing is the management function of assigning activities and grouping people so organizational objectives can be achieved.
5. As a manager, you can observe what your competitors are doing, but you should arrange your structure in such a way that best utilizes your firm, your employees, and your customers.
1. TRUE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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a. the Great Man approach b. emotional intelligence c. character-based leadership d. paradoxical leadership
Which of the following is a limitation of the ERP systems?
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The cost of arbitration is usually:
A. Paid for by management. B. Paid for by the union. C. Paid for by the employee. D. Split between the union and management.
Under the Code, collateral is classified according to:
a. its nature and use. b. the fundamental rights of the secured party. c. the fundamental rights of the debtor. d. None of these.