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1 Match the terms to the right definitions.Group of answer choicesentrepreneur           [ Choose ]

             

the knowledge structures that people use to make assessments, judgments or decisions involving opportunity evaluation and venture creation and growth

             

one who organizes, manages, and assumes the risks of a business or enterprise

             

searching, idea screening, planning and financing, set-up, start-up, ongoing operations, and harvest

             

seeks to understand how opportunities to create something new arise and are discovered or created by specific persons, who then use various means to exploit or develop them, thus producing a wide range of effects

             

need for achievement, internal locus of control, and risk-taking propensity

         

entrepreneurship

           

[ Choose ]

             

the knowledge structures that people use to make assessments, judgments or decisions involving opportunity evaluation and venture creation and growth

             

one who organizes, manages, and assumes the risks of a business or enterprise

             

searching, idea screening, planning and financing, set-up, start-up, ongoing operations, and harvest

             

seeks to understand how opportunities to create something new arise and are discovered or created by specific persons, who then use various means to exploit or develop them, thus producing a wide range of effects

             

need for achievement, internal locus of control, and risk-taking propensity

         

entrepreneurial cognitions

           

[ Choose ]

             

the knowledge structures that people use to make assessments, judgments or decisions involving opportunity evaluation and venture creation and growth

             

one who organizes, manages, and assumes the risks of a business or enterprise

             

searching, idea screening, planning and financing, set-up, start-up, ongoing operations, and harvest

             

seeks to understand how opportunities to create something new arise and are discovered or created by specific persons, who then use various means to exploit or develop them, thus producing a wide range of effects

             

need for achievement, internal locus of control, and risk-taking propensity

         

elements of entrepreneurship

           

[ Choose ]

             

the knowledge structures that people use to make assessments, judgments or decisions involving opportunity evaluation and venture creation and growth

             

one who organizes, manages, and assumes the risks of a business or enterprise

             

searching, idea screening, planning and financing, set-up, start-up, ongoing operations, and harvest

             

seeks to understand how opportunities to create something new arise and are discovered or created by specific persons, who then use various means to exploit or develop them, thus producing a wide range of effects

             

need for achievement, internal locus of control, and risk-taking propensity

         

characteristics of entrepreneurs

           

[ Choose ]

             

the knowledge structures that people use to make assessments, judgments or decisions involving opportunity evaluation and venture creation and growth

             

one who organizes, manages, and assumes the risks of a business or enterprise

             

searching, idea screening, planning and financing, set-up, start-up, ongoing operations, and harvest

             

seeks to understand how opportunities to create something new arise and are discovered or created by specific persons, who then use various means to exploit or develop them, thus producing a wide range of effects

             

need for achievement, internal locus of control, and risk-taking propensity

2 opportunity recognition

           

[ Choose ]

             

involves monitoring seven sources for innovative opportunity

             

the active, cognitive process (or processes) through which individuals conclude that they have identified the potential to create something new that has the potential to generate economic value and that is not currently being exploited or developed, and is viewed as desirable in the society in which it occurs

             

the unexpected, the incongruity between reality, innovation based on process need, and changes in industry or market structure

             

scientific and circumstance

             

demographics, changes in perception-mood-meaning, and new knowledge

         

systematic innovation

           

[ Choose ]

             

involves monitoring seven sources for innovative opportunity

             

the active, cognitive process (or processes) through which individuals conclude that they have identified the potential to create something new that has the potential to generate economic value and that is not currently being exploited or developed, and is viewed as desirable in the society in which it occurs

             

the unexpected, the incongruity between reality, innovation based on process need, and changes in industry or market structure

             

scientific and circumstance

             

demographics, changes in perception-mood-meaning, and new knowledge

         

internally focused sources for innovation opportunity

           

[ Choose ]

             

involves monitoring seven sources for innovative opportunity

             

the active, cognitive process (or processes) through which individuals conclude that they have identified the potential to create something new that has the potential to generate economic value and that is not currently being exploited or developed, and is viewed as desirable in the society in which it occurs

             

the unexpected, the incongruity between reality, innovation based on process need, and changes in industry or market structure

             

scientific and circumstance

             

demographics, changes in perception-mood-meaning, and new knowledge

         

externally focused sources for innovative opportunity

           

[ Choose ]

             

involves monitoring seven sources for innovative opportunity

             

the active, cognitive process (or processes) through which individuals conclude that they have identified the potential to create something new that has the potential to generate economic value and that is not currently being exploited or developed, and is viewed as desirable in the society in which it occurs

             

the unexpected, the incongruity between reality, innovation based on process need, and changes in industry or market structure

             

scientific and circumstance

             

demographics, changes in perception-mood-meaning, and new knowledge

         

categories of entrepreneurial discovery

           

[ Choose ]

             

involves monitoring seven sources for innovative opportunity

             

the active, cognitive process (or processes) through which individuals conclude that they have identified the potential to create something new that has the potential to generate economic value and that is not currently being exploited or developed, and is viewed as desirable in the society in which it occurs

             

the unexpected, the incongruity between reality, innovation based on process need, and changes in industry or market structure

             

scientific and circumstance

             

demographics, changes in perception-mood-meaning, and new knowledge

3 Match each of the Schumpeter's kinds of new combinations with its right definition and/or examples.

Group of answer choices


new or improved good/service

           

[ Choose ]

             

Enhance availability of products by providing at lower cost

             

Distinction between true advances and promotional differences

             

Example: assembly line method to automobile production, robotics, agricultural processing

             

Global context: Culture, laws, local buyer preferences, business practices, customs, communication, transportation all set up new distribution channels

         

new method of production

           

[ Choose ]

             

Enhance availability of products by providing at lower cost

             

Distinction between true advances and promotional differences

             

Example: assembly line method to automobile production, robotics, agricultural processing

             

Global context: Culture, laws, local buyer preferences, business practices, customs, communication, transportation all set up new distribution channels

         

opening of a new market

           

[ Choose ]

             

Enhance availability of products by providing at lower cost

             

Distinction between true advances and promotional differences

             

Example: assembly line method to automobile production, robotics, agricultural processing

             

Global context: Culture, laws, local buyer preferences, business practices, customs, communication, transportation all set up new distribution channels

         

Conquest of a new source of supply of raw materials

           

[ Choose ]

             

Enhance availability of products by providing at lower cost

             

Distinction between true advances and promotional differences

             

Example: assembly line method to automobile production, robotics, agricultural processing

             

Global context: Culture, laws, local buyer preferences, business practices, customs, communication, transportation all set up new distribution channels

  4 Match to make right.

Group of answer choices


perceptual blocks

           

[ Choose ]

             

poor writing skills, and inability to construct prototypes

             

fear of subconscious thinking, and inhibition about some areas of imagination

             

a belief that reason and logic are superior to feeling, intuition, and other such approaches, thinking that tradition is preferable to change, and disdain for fantasy, reflection, idea playfulness, humor

             

difficulty viewing things from different perspectives, and  seeing only what you expect to see or think what others expect you to see

             

lack of information, incorrect information, and  weak technical skills in areas such as financial analysis

             

intolerance of ambiguity, preference for judging rather than seeking ideas, tunnel vision, and insufficient patience

             

distrust of others who might be able to help, distractions, and discouraging responses from other people

         

emotional blocks

           

[ Choose ]

             

poor writing skills, and inability to construct prototypes

             

fear of subconscious thinking, and inhibition about some areas of imagination

             

a belief that reason and logic are superior to feeling, intuition, and other such approaches, thinking that tradition is preferable to change, and disdain for fantasy, reflection, idea playfulness, humor

             

difficulty viewing things from different perspectives, and  seeing only what you expect to see or think what others expect you to see

             

lack of information, incorrect information, and  weak technical skills in areas such as financial analysis

             

intolerance of ambiguity, preference for judging rather than seeking ideas, tunnel vision, and insufficient patience

             

distrust of others who might be able to help, distractions, and discouraging responses from other people

         

cultural blocks

           

[ Choose ]

             

poor writing skills, and inability to construct prototypes

             

fear of subconscious thinking, and inhibition about some areas of imagination

             

a belief that reason and logic are superior to feeling, intuition, and other such approaches, thinking that tradition is preferable to change, and disdain for fantasy, reflection, idea playfulness, humor

             

difficulty viewing things from different perspectives, and  seeing only what you expect to see or think what others expect you to see

             

lack of information, incorrect information, and  weak technical skills in areas such as financial analysis

             

intolerance of ambiguity, preference for judging rather than seeking ideas, tunnel vision, and insufficient patience

             

distrust of others who might be able to help, distractions, and discouraging responses from other people

         

imagination blocks

           

[ Choose ]

             

poor writing skills, and inability to construct prototypes

             

fear of subconscious thinking, and inhibition about some areas of imagination

             

a belief that reason and logic are superior to feeling, intuition, and other such approaches, thinking that tradition is preferable to change, and disdain for fantasy, reflection, idea playfulness, humor

             

difficulty viewing things from different perspectives, and  seeing only what you expect to see or think what others expect you to see

             

lack of information, incorrect information, and  weak technical skills in areas such as financial analysis

             

intolerance of ambiguity, preference for judging rather than seeking ideas, tunnel vision, and insufficient patience

             

distrust of others who might be able to help, distractions, and discouraging responses from other people

         

environmental blocks

           

[ Choose ]

             

poor writing skills, and inability to construct prototypes

             

fear of subconscious thinking, and inhibition about some areas of imagination

             

a belief that reason and logic are superior to feeling, intuition, and other such approaches, thinking that tradition is preferable to change, and disdain for fantasy, reflection, idea playfulness, humor

             

difficulty viewing things from different perspectives, and  seeing only what you expect to see or think what others expect you to see

             

lack of information, incorrect information, and  weak technical skills in areas such as financial analysis

             

intolerance of ambiguity, preference for judging rather than seeking ideas, tunnel vision, and insufficient patience

             

distrust of others who might be able to help, distractions, and discouraging responses from other people

         

intellectual blocks

           

[ Choose ]

             

poor writing skills, and inability to construct prototypes

             

fear of subconscious thinking, and inhibition about some areas of imagination

             

a belief that reason and logic are superior to feeling, intuition, and other such approaches, thinking that tradition is preferable to change, and disdain for fantasy, reflection, idea playfulness, humor

             

difficulty viewing things from different perspectives, and  seeing only what you expect to see or think what others expect you to see

             

lack of information, incorrect information, and  weak technical skills in areas such as financial analysis

             

intolerance of ambiguity, preference for judging rather than seeking ideas, tunnel vision, and insufficient patience

             

distrust of others who might be able to help, distractions, and discouraging responses from other people

         

expressive blocks

           

[ Choose ]

             

poor writing skills, and inability to construct prototypes

             

fear of subconscious thinking, and inhibition about some areas of imagination

             

a belief that reason and logic are superior to feeling, intuition, and other such approaches, thinking that tradition is preferable to change, and disdain for fantasy, reflection, idea playfulness, humor

             

difficulty viewing things from different perspectives, and  seeing only what you expect to see or think what others expect you to see

             

lack of information, incorrect information, and  weak technical skills in areas such as financial analysis

             

intolerance of ambiguity, preference for judging rather than seeking ideas, tunnel vision, and insufficient patience

             

distrust of others who might be able to help, distractions, and discouraging responses from other people

5 Mark all tactics used for overcome Vesper's mental blocks to departure.

Group of answer choices



Using idea generating tricks like Considering multiple consequences of possible future events or changes


Using idea generating tricks like Rearranging, reversing, expanding, shrinking, combining, or altering ideas


Using idea generating tricks like brainstorming


Using idea generating tricks like developing scenarios


Seeking clues from business and personal contacts, trade shows, technology licensing offices, and other sources


Not being discouraged by others' negative views because many successful innovations were first thought to be impossible to make


Generating possible solutions to obstacles before stating negative views about them


Trying different ways of looking at and thinking about venture opportunities


Trying to continually generate ideas about opportunities and how to exploit them

6 Design thinking is a product-centered approach to innovation that draws from the designer's toolkit to integrate the needs of people, the possibilities of technology, and the requirements for business success.

Group of answer choices



True


False

7 The design thinking process is best thought of as a system of overlapping spaces rather than a sequence of orderly steps.

Group of answer choices



True


False

8 match all management terms with the right definitions

Group of answer choices


management

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

primary function of management in for-profit work

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

shareholder

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

stakeholder

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

branches of management

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

the planning function is about

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

the organizing function is about

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

the staffing function is about

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

the leading/directing function is about

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

the controlling/monitoring function is about

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

         

the motivating function is about

           

[ Choose ]

             

person or organization with a legitimate interest in a given situation, action, or enterprise which is directly affected by the organization's actions

             

making sure employees perform

             

the real owner of a publicly traded business that is run by management

             

implementing a pattern of relationships among workers and making optimum use of the resources required to enable the successful carrying out of plans

             

job analysis, recruitment, and hiring of people with the necessary skills for appropriate jobs. Providing or facilitating ongoing training, if necessary, to keep skills current

             

comprises planning, organizing, staffing, leading/directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal

             

meeting the needs of various stakeholders of the organization, such as customers, debtors, and owners

             

determining what needs to be done in a situation and getting people to do it

             

checking current outcomes against forecast plans and making adjustments when necessary so that goals are achieved

             

deciding what needs to happen in the future (today, next week, next month, next year, over the next five years, etc.) and generating plans for action

             

human resources, operations, strategy, finance, information technology

9 match the management terms with the right definitions

Group of answer choices


authority

           

[ Choose ]

             

funds spent by a company to acquire or upgrade a long-term asset

             

centralized, decentralized, tall, and flat

             

a person who audits and manages the financial affairs of a company or government; a comptroller

             

the act of commiting a task to someone, especially a subordinate

             

line, functional, and staff

             

a manager's formal and legitimate right to make decisions, issue orders, and allocate resources to achieve organization's objectives

             

to constitute in parts, each having a special function, act, office, or relation

         

types of authority

           

[ Choose ]

             

funds spent by a company to acquire or upgrade a long-term asset

             

centralized, decentralized, tall, and flat

             

a person who audits and manages the financial affairs of a company or government; a comptroller

             

the act of commiting a task to someone, especially a subordinate

             

line, functional, and staff

             

a manager's formal and legitimate right to make decisions, issue orders, and allocate resources to achieve organization's objectives

             

to constitute in parts, each having a special function, act, office, or relation

         

organization's structural strategies

           

[ Choose ]

             

funds spent by a company to acquire or upgrade a long-term asset

             

centralized, decentralized, tall, and flat

             

a person who audits and manages the financial affairs of a company or government; a comptroller

             

the act of commiting a task to someone, especially a subordinate

             

line, functional, and staff

             

a manager's formal and legitimate right to make decisions, issue orders, and allocate resources to achieve organization's objectives

             

to constitute in parts, each having a special function, act, office, or relation

         

controller

           

[ Choose ]

             

funds spent by a company to acquire or upgrade a long-term asset

             

centralized, decentralized, tall, and flat

             

a person who audits and manages the financial affairs of a company or government; a comptroller

             

the act of commiting a task to someone, especially a subordinate

             

line, functional, and staff

             

a manager's formal and legitimate right to make decisions, issue orders, and allocate resources to achieve organization's objectives

             

to constitute in parts, each having a special function, act, office, or relation

         

delegation

           

[ Choose ]

             

funds spent by a company to acquire or upgrade a long-term asset

             

centralized, decentralized, tall, and flat

             

a person who audits and manages the financial affairs of a company or government; a comptroller

             

the act of commiting a task to someone, especially a subordinate

             

line, functional, and staff

             

a manager's formal and legitimate right to make decisions, issue orders, and allocate resources to achieve organization's objectives

             

to constitute in parts, each having a special function, act, office, or relation

         

organizing

           

[ Choose ]

             

funds spent by a company to acquire or upgrade a long-term asset

             

centralized, decentralized, tall, and flat

             

a person who audits and manages the financial affairs of a company or government; a comptroller

             

the act of commiting a task to someone, especially a subordinate

             

line, functional, and staff

             

a manager's formal and legitimate right to make decisions, issue orders, and allocate resources to achieve organization's objectives

             

to constitute in parts, each having a special function, act, office, or relation

         

capital expenditure

           

[ Choose ]

             

funds spent by a company to acquire or upgrade a long-term asset

             

centralized, decentralized, tall, and flat

             

a person who audits and manages the financial affairs of a company or government; a comptroller

             

the act of commiting a task to someone, especially a subordinate

             

line, functional, and staff

             

a manager's formal and legitimate right to make decisions, issue orders, and allocate resources to achieve organization's objectives

             

to constitute in parts, each having a special function, act, office, or relation

10 match the definitions with the terms

Group of answer choices


line authority

           

[ Choose ]

             

managers have the formal power to direct and control immediate subordinates executing specific tasks within a chain of command, usually within a specific department

             

the manager is responsible only for the quality of the advice

             

managers have formal power over a specific subset of activities that include outside departments

         

functional authority

           

[ Choose ]

             

managers have the formal power to direct and control immediate subordinates executing specific tasks within a chain of command, usually within a specific department

             

the manager is responsible only for the quality of the advice

             

managers have formal power over a specific subset of activities that include outside departments

         

staff authority

           

[ Choose ]

             

managers have the formal power to direct and control immediate subordinates executing specific tasks within a chain of command, usually within a specific department

             

the manager is responsible only for the quality of the advice

             

managers have formal power over a specific subset of activities that include outside departments

 11 tall structure

           

[ Choose ]

             

decision-making can be quite rapid, if it occurs from the top down

             

decision-making is often slower, as it involves a high degree of integration across the company

             

works well when creativity and independent operations create value for the organization

             

this expedites decision-making from the top down

         

flat structure

           

[ Choose ]

             

decision-making can be quite rapid, if it occurs from the top down

             

decision-making is often slower, as it involves a high degree of integration across the company

             

works well when creativity and independent operations create value for the organization

             

this expedites decision-making from the top down

         

centralized structure

           

[ Choose ]

             

decision-making can be quite rapid, if it occurs from the top down

             

decision-making is often slower, as it involves a high degree of integration across the company

             

works well when creativity and independent operations create value for the organization

             

this expedites decision-making from the top down

         

decentralized structure

           

[ Choose ]

             

decision-making can be quite rapid, if it occurs from the top down

             

decision-making is often slower, as it involves a high degree of integration across the company

             

works well when creativity and independent operations create value for the organization

             

this expedites decision-making from the top down

 12 match the elements of control with the right explanations

Group of answer choices


the characteristic or condition to be controlled

           

[ Choose ]

             

the corrective action taken to return the system to expected output

             

may be the output of the system during any stage of processing or it may be a condition that is the result of the system

             

determines the need for correction by comparing what is occurring with what has been planned

             

the means for measuring the characteristic or condition

         

the sensor

           

[ Choose ]

             

the corrective action taken to return the system to expected output

             

may be the output of the system during any stage of processing or it may be a condition that is the result of the system

             

determines the need for correction by comparing what is occurring with what has been planned

             

the means for measuring the characteristic or condition

         

the activator

           

[ Choose ]

             

the corrective action taken to return the system to expected output

             

may be the output of the system during any stage of processing or it may be a condition that is the result of the system

             

determines the need for correction by comparing what is occurring with what has been planned

             

the means for measuring the characteristic or condition

         

the comparator

           

[ Choose ]

             

the corrective action taken to return the system to expected output

             

may be the output of the system during any stage of processing or it may be a condition that is the result of the system

             

determines the need for correction by comparing what is occurring with what has been planned

             

the means for measuring the characteristic or condition

13 match the leadership related terms to the right explanations

Group of answer choices


laissez-faire

           

[ Choose ]

             

individualistic or group-based and can be considered "transactional" (i.e. procedures, rewards, etc.) or "transformational" (i.e. charisma, creativity, etc. )

             

an environment in which an organization's employees are free from excessive oversight or management, with sufficient control only to ensure organizational goals are me

             

when a positive stimulus is presented in response to a behavior, increasing the likelihood of that behavior in the future

         

positive reinforcement

           

[ Choose ]

             

individualistic or group-based and can be considered "transactional" (i.e. procedures, rewards, etc.) or "transformational" (i.e. charisma, creativity, etc. )

             

an environment in which an organization's employees are free from excessive oversight or management, with sufficient control only to ensure organizational goals are me

             

when a positive stimulus is presented in response to a behavior, increasing the likelihood of that behavior in the future

         

leadership

           

[ Choose ]

             

individualistic or group-based and can be considered "transactional" (i.e. procedures, rewards, etc.) or "transformational" (i.e. charisma, creativity, etc. )

             

an environment in which an organization's employees are free from excessive oversight or management, with sufficient control only to ensure organizational goals are me

             

when a positive stimulus is presented in response to a behavior, increasing the likelihood of that behavior in the future

 14 match the planning related terms to the right explanations

Group of answer choices


planning

           

[ Choose ]

             

the act of distributing a given set of resources according to a plan

             

the act of estimating future outcomes

             

a comprehensive understanding (or generation of) a vision, mission, set of values, and general strategy

             

involves the maintenance and organizational approach of achieving strategic objectives

             

a plan of action intended to accomplish a specific goalt

             

an organization's process of defining its strategy or direction and making decisions about how to allocate its resources to pursue this strategy

         

strategic planning

           

[ Choose ]

             

the act of distributing a given set of resources according to a plan

             

the act of estimating future outcomes

             

a comprehensive understanding (or generation of) a vision, mission, set of values, and general strategy

             

involves the maintenance and organizational approach of achieving strategic objectives

             

a plan of action intended to accomplish a specific goalt

             

an organization's process of defining its strategy or direction and making decisions about how to allocate its resources to pursue this strategy

         

required for executing the planning function

           

[ Choose ]

             

the act of distributing a given set of resources according to a plan

             

the act of estimating future outcomes

             

a comprehensive understanding (or generation of) a vision, mission, set of values, and general strategy

             

involves the maintenance and organizational approach of achieving strategic objectives

             

a plan of action intended to accomplish a specific goalt

             

an organization's process of defining its strategy or direction and making decisions about how to allocate its resources to pursue this strategy

         

strategy

           

[ Choose ]

             

the act of distributing a given set of resources according to a plan

             

the act of estimating future outcomes

             

a comprehensive understanding (or generation of) a vision, mission, set of values, and general strategy

             

involves the maintenance and organizational approach of achieving strategic objectives

             

a plan of action intended to accomplish a specific goalt

             

an organization's process of defining its strategy or direction and making decisions about how to allocate its resources to pursue this strategy

         

allocating

           

[ Choose ]

             

the act of distributing a given set of resources according to a plan

             

the act of estimating future outcomes

             

a comprehensive understanding (or generation of) a vision, mission, set of values, and general strategy

             

involves the maintenance and organizational approach of achieving strategic objectives

             

a plan of action intended to accomplish a specific goalt

             

an organization's process of defining its strategy or direction and making decisions about how to allocate its resources to pursue this strategy

         

forecasting

           

[ Choose ]

             

the act of distributing a given set of resources according to a plan

             

the act of estimating future outcomes

             

a comprehensive understanding (or generation of) a vision, mission, set of values, and general strategy

             

involves the maintenance and organizational approach of achieving strategic objectives

             

a plan of action intended to accomplish a specific goalt

             

an organization's process of defining its strategy or direction and making decisions about how to allocate its resources to pursue this strate

15 match the management terms with the right definitions

Group of answer choices


top-level managers

           

[ Choose ]

             

big-picture strategic thinkers with a substantial amount of experience in the industry and/or function they manage

             

may be reduced in organizations as a result of reorganization. Such changes can take the form of downsizing, "delayering," and outsourcing

             

responsible for all areas and oversees all of the firm's functions and day-to-day business operations

             

balances functional expertise with strong interpersonal skills to optimize specific operational processes

         

middle-level managers

           

[ Choose ]

             

big-picture strategic thinkers with a substantial amount of experience in the industry and/or function they manage

             

may be reduced in organizations as a result of reorganization. Such changes can take the form of downsizing, "delayering," and outsourcing

             

responsible for all areas and oversees all of the firm's functions and day-to-day business operations

             

balances functional expertise with strong interpersonal skills to optimize specific operational processes

         

frontline managers

           

[ Choose ]

             

big-picture strategic thinkers with a substantial amount of experience in the industry and/or function they manage

             

may be reduced in organizations as a result of reorganization. Such changes can take the form of downsizing, "delayering," and outsourcing

             

responsible for all areas and oversees all of the firm's functions and day-to-day business operations

             

balances functional expertise with strong interpersonal skills to optimize specific operational processes

         

general managers

           

[ Choose ]

             

big-picture strategic thinkers with a substantial amount of experience in the industry and/or function they manage

             

may be reduced in organizations as a result of reorganization. Such changes can take the form of downsizing, "delayering," and outsourcing

             

responsible for all areas and oversees all of the firm's functions and day-to-day business operations

             

balances functional expertise with strong interpersonal skills to optimize specific operational processes

   16   match the terms to its definitions

Group of answer choices


for-profit corporations

           

[ Choose ]

             

usually formed for non-profit purposes, such as managing a condo association

             

must dedicate its operations to achieve a charitable or educational goal

             

type of nonprofit corporation chartered by a state government that exists to serve its members

             

administered to earn profit to increase the wealth of their owners

         

non-profit corporations

           

[ Choose ]

             

usually formed for non-profit purposes, such as managing a condo association

             

must dedicate its operations to achieve a charitable or educational goal

             

type of nonprofit corporation chartered by a state government that exists to serve its members

             

administered to earn profit to increase the wealth of their owners

         

mutual-benefit corporations

           

[ Choose ]

             

usually formed for non-profit purposes, such as managing a condo association

             

must dedicate its operations to achieve a charitable or educational goal

             

type of nonprofit corporation chartered by a state government that exists to serve its members

             

administered to earn profit to increase the wealth of their owners

         

mutual-benefit non-profit corporations

           

[ Choose ]

             

usually formed for non-profit purposes, such as managing a condo association

             

must dedicate its operations to achieve a charitable or educational goal

             

type of nonprofit corporation chartered by a state government that exists to serve its members

             

administered to earn profit to increase the wealth of their owners

17 match the terms to the right definitions

Group of answer choices


accountability

           

[ Choose ]

             

benefits resulting from combining two different groups, people, objects, or processes

             

technique used to multiply gain or loss

             

being responsible for decisions made, actions taken, and assignments completed

             

ways to promote a desired action

         

synergy

           

[ Choose ]

             

benefits resulting from combining two different groups, people, objects, or processes

             

technique used to multiply gain or loss

             

being responsible for decisions made,

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Subject: Business
1 Match the terms to the right definitions.
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