Untitled Quiz

The decision maker knows with reasonable certainty what the alternatives are and what conditions are associated with each alternative.

<p>The availability of each alternative and its potential payoffs and costs are all associated with probability estimates.</p> Signup and view all the answers

<p>The decision maker does not know all the alternatives, the risks associated with each, or the likely consequences of each alternative.</p> Signup and view all the answers

<p>Obtain complete and perfect information</p> Signup and view all the answers

<ol> <li>Recognizing and defining the decision situation 2. Identify alternatives 3. Evaluate alternatives 4. Selecting the best alternative 5. Implementing the chosen alternative 6. Following up and evaluating the results</li> </ol> Signup and view all the answers

<p>A commitment to using the best theory and data available</p> Signup and view all the answers

<ol> <li>Face facts 2. Be committed to 'fact-based' decision making 3. Treat organization as unfinished prototype 4. Look for risks and drawbacks 5. Avoid untested beliefs</li> </ol> Signup and view all the answers

<p>Constraints in decision making based on values and skills</p> Signup and view all the answers

<p>The tendency to search for alternatives only until one is found that meets some minimum standard of sufficiency.</p> Signup and view all the answers

<p>A group arrives at a consensus of expert opinion.</p> Signup and view all the answers

<p>A structured technique used to generate creative and innovative alternatives or ideas.</p> Signup and view all the answers

<p>A situation that occurs when a group's desire for consensus overwhelms its desire for the best decision.</p> Signup and view all the answers

<p>The process of planning, organizing, and assuming the risks of a business venture.</p> Signup and view all the answers

<p>A business that is privately owned by one individual or a small group and has sales and assets not large enough to meaningfully influence its environment.</p> Signup and view all the answers

<p>Job creation, innovation, helps big businesses.</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>Aspects of a business that the firm performs better than its competitors.</p> Signup and view all the answers

<p>Several large firms compete according to relatively well-defined criteria.</p> Signup and view all the answers

<p>A segment of a market not currently being exploited.</p> Signup and view all the answers

<p>Any advantage that comes to a firm because it exploits an opportunity before any other firm.</p> Signup and view all the answers

<p>All of the above</p> Signup and view all the answers

<p>A group of small investors seeking to make profits on companies with rapid growth potential.</p> Signup and view all the answers

<p>Seek profit by investing in companies with potential for rapid growth.</p> Signup and view all the answers

<p>Programs offered more than 20 financing options to small businesses that meet standards of size and independence.</p> Signup and view all the answers

<p>Advisory boards, management consultants, the Small Business Administration, networking.</p> Signup and view all the answers

<p>A contract between an entrepreneur and a parent company where the entrepreneur pays for the use of its trademarks, products, formulas, and business plans.</p> Signup and view all the answers

<p>Emergence of e-commerce, crossovers from big business, opportunities for minorities and women, better survival rates.</p> Signup and view all the answers

<p>Managerial incompetence, neglect, weak control systems, insufficient capital.</p> Signup and view all the answers

<p>Hard work, drive, dedication, careful analysis of market conditions, managerial competence, luck.</p> Signup and view all the answers

<p>The degree to which the overall task of the organization is broken down and divided into smaller component parts.</p> Signup and view all the answers

<p>An alternative to job specialization involving systematically moving employees from one job to another.</p> Signup and view all the answers

<p>An alternative to job specialization that increases the total number of tasks that workers perform.</p> Signup and view all the answers

<p>An alternative to job specialization that aims to increase both the number of tasks a worker does and the control over the job.</p> Signup and view all the answers

<p>Diagnosing and improving jobs along five core dimensions, considering both the work system and employee preferences.</p> Signup and view all the answers

<p>An alternative to job specialization that allows an entire group to design the work system it will use to perform an interrelated set of tasks.</p> Signup and view all the answers

<p>The process of grouping jobs according to some logical arrangement.</p> Signup and view all the answers

<p>Grouping jobs involving the same or similar activities.</p> Signup and view all the answers

<p>Grouping activities around products or product groups.</p> Signup and view all the answers

<p>Grouping activities to respond to and interact with specific customers or customer groups.</p> Signup and view all the answers

<p>Grouping jobs on the basis of defined geographic sites or areas.</p> Signup and view all the answers

<p>A clear and distinct line of authority among the positions in an organization.</p> Signup and view all the answers

<p>The number of people who report to a particular manager.</p> Signup and view all the answers

<p>Power that has been legitimized by the organization.</p> Signup and view all the answers

<p>The process of linking the activities of various departments of an organization.</p> Signup and view all the answers

<p>When units operate with little interaction, their output is pooled at the organizational level.</p> Signup and view all the answers

<p>When the output of one unit becomes the input for another in a sequential fashion.</p> Signup and view all the answers

<p>When activities flow both ways between units.</p> Signup and view all the answers

<p>A model based on a legitimate and formal system of authority.</p> Signup and view all the answers

<p>The optimal design for any given organization depends on a set of relevant situational factors.</p> Signup and view all the answers

<p>Based on the functional approach to departmentalization.</p> Signup and view all the answers

<p>Used by organizations made up of a set of unrelated businesses.</p> Signup and view all the answers

<p>Based on multiple businesses in related areas operating within a larger organizational framework.</p> Signup and view all the answers

<p>Based on two overlapping bases of departmentalization.</p> Signup and view all the answers

<p>An approach to organization design that relies almost exclusively on project-type teams with little to no underlying hierarchy.</p> Signup and view all the answers

<p>One that has little or no formal structure.</p> Signup and view all the answers

<p>One that works to facilitate the lifelong learning and personal development of all its employees while continually transforming itself to meet changing demands.</p> Signup and view all the answers

<p>A planned effort managed from the top intended to increase effectiveness and health through planned interventions.</p> Signup and view all the answers

<p>The managed effort to develop new products or services or new uses for existing products or services.</p> Signup and view all the answers

<p>Similar to entrepreneurs, they develop new businesses in the context of a large organization.</p> Signup and view all the answers