CH07_Answer - Chapter 7 Organizational Structure and...

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Chapter 7 Organizational Structure and Management Systems:  The Fundamentals of Strategy Implementation Test Bank True/False Questions 1. In the capitalist economy, production is organized in two ways: in market, by the price mechanism, and in firms, by managerial direction. True Page: p177 2. A fundamental challenge related to organizational structure is achieving the reconciliation of two conflicting requirements: coordination and concentration. False Page: p180 3. One of the attributes of a bureaucracy is the existence of standardized employment rules and norms. True Page: p186 4. Economies of scale are a factor that could impact the definition of organizational units. True Page: p190 © 2010 Robert M. Grant www.contemporarystrategyanalysis.com 1
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Multiple Choice Questions 1. Which of the following statements is correct? a. Markets are organized by the “invisible hand” of price mechanisms, whereas firms are organized by the “visible hand” of management b. Markets are organized by the “visible hand” of price mechanisms, whereas firms are organized by the “invisible hand” of management c. Firms and markets are two institutions that govern the capitalist economy d. Answers a and c Page: p177 2. Organizational design is about: a. Selecting the right people at the right place b. Determining the best criteria for department groupings c. Developing unique strategies for matching capabilities to external opportunities d. Selecting structures, systems, and management styles that can best implement strategies Page: p179 3. A fundamental challenge of organizing is to achieve a compromise between:
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This note was uploaded on 10/18/2010 for the course MACAU macau taught by Professor Macau during the Spring '10 term at University of Macau.

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CH07_Answer - Chapter 7 Organizational Structure and...

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