8 - 8 Student: _ 1. Organizing the structure of the company...

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8 Student: _______________________________________________________________________________________ True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False 1. Organizing the structure of the company means deciding how many jobs need to be done and who is responsible for doing them. 2. One reason to reorganize is to become more competitive. 3. In a capitalist economy, organizations seldom reorganize due to changing markets. 4. One key to organizational success is to go back to basic principles and build the business on a sound foundation. 5. Small business organizations lack the size required to reap the benefits of labor specialization. 6. The purpose of a division of labor and specialization is to improve an employee's job performance. 7. Managing a growing business often requires managers to create departments to accomplish various tasks. 8. The process of creating individual departments to do specialized tasks is called departmentalization. 9. Division of Labor refers to deciding how many jobs must be accomplished and then dividing them up amongst the labor force. 10. The success of the firm often depends on assigning the right tasks to the right person. 11. The process of setting up individual departments to do specialized tasks is called job specialization. 12. Correctly structuring a business organization allows managers to avoid delegating responsibility and authority to employees. 13. An organization chart shows who is accountable for the completion of specific work and who reports to whom. 14. Looking at a traditional organization chart, you will view who reports to whom; you will have a sense of each person's authority and responsibility, and the type of work that they perform for the organization. 15. Division of labor is difficult to achieve in small businesses. 16. Reorganizing in order to compete better may require a business to reduce its labor force. 17. Reorganizing in order to compete better may require a business to reassign tasks. 18. Reorganizing in order to compete better may require a firm to reduce its number of business units. 19. Departments are functional units within the business such as sales, accounting, finance, and marketing.
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True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False 20. As depicted in the Reaching Beyond our Borders , box, "General Electric Looks for More Profits", in order to compete globally, corporate strategy should not try to match the performance of competitors. 21. In its effort to reorganize its floor space, Backstreet Books decided to eliminate seating space in its stores in order to make room for
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8 - 8 Student: _ 1. Organizing the structure of the company...

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