To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. d. small batch Jacob was recently looking at his company's organization chart in an attempt to discover who reports to whom. Identifying internal strengths and weaknesses involves considering financial, physical, human, and organizational assets. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. e. flat. Which of the following best describes an example of successful change management? $\And$ Stockholders Equity} & 780.3 & 779.6 & 859.9 & 903.1 & 917.0\\ Which of the following typically is NOT considered a staff department? \text{Change in Cash} & 13.4 & 18.6 & 23.7 & (11.3) & 3.2\\ Nam lacinia pulvinar tortor nec facilisis. Having an organizational structure that aligns with your companys goals and objectives is crucial. Then, after several outbreaks of violence in the schools a few years back, our group offered to help, and a second task force sprung up around reducing youth violence. Nam lacinia pulvinar tortor nec facilisis. b. product c. it works well in a changing environment. e. career progress within functional departments. b. Tangible output \text{EBIT} & 55.5 & 38.4 & 46.7 & 55.2 & 65.8\\ It affects the project manager's level of authority and their ability to make decisions that impact the larger organization. It affects the client's project satisfaction. Access to over 100 million course-specific study resources, 24/7 help from Expert Tutors on 140+ subjects, Full access to over 1 million Textbook Solutions. inAccountsReceivableChg. On the other hand, a circular organization chart looks like concentric circles with company leadership in the center circle. Including Youth on Your Board, Commission, or Committee, Section 9. Select all that apply. In last-mile delivery, Amazon relies on an army of independent drivers or partners that are not directly tied to Amazons hierarchy but are kept, independent. b. along functional lines. As a project manager, youre trying to take all the right steps to prepare for the project. d. product-based A vertical organizational chart has a clear chain of command with a small group of leaders at the topor in the center, in the case of a circular structureand each subsequent tier has less authority and responsibility. d. span of management Controlling c. Organizing d. Leading e. Strategic management, Strategy defines _____ to do (it) while organizing defines _____ to do (it). Organizational structures can move from vertical and pyramidal structures, with a rigid structure, to more horizontal, flat systems, which are way more fluid, and with much less space between employees and management. Which of the following organizations have a flat structure compared to others? 1 point b. diversification Indeed, as startups become established organizations, they might need to become way more structured as they have to tackle much broader engineering, administrative, legal, marketing, and sales problems. While most traditional companies run this kind of organizational structure, many startups that need to make sure its, It is a type of organization born from the startup way of acknowledging more independence and autonomy to employees, where they are closer to the chain of command, and the decision-making, This type of organization still benefits from hierarchies, but it flattens them by generating an adaptable, What Is Samsungs Organizational Structure? a. a lack of hands-on control. d. Division of labor How the organization's identity and personality is demonstrated This structure is more flexible to the hierarchical organization, as each division will run almost as an independent business, that has independent control over resources and money spent. c. vertical, team based The following table, adapted from The Spirit of Coalition Building can help you make this first decision. e. all of these. Using the data from 201220122012, what was Mydeco's total stockholders' equity in 201120112011? d. matrix In your discussions, your answers to the following list of questions may guide your decisions. e. defensive, A pure functional structure is most appropriate for achieving: _____ means that each employee is held accountable to only one supervisor. 1 point Positions and departments are deleted. For instance, some organizations are typically hierarchic, which implies a top-down approach of information flow and definition of roles. d. mechanistic technology. \text{Statement of Cash Flows} & 2012 & 2013 & 2014 & 2015 & 2016\\ e. matrix structure. a. Scalar principle Line; staff b. integration You arent sure how this will affect the teams tasks. a. Commonstock,$5parvalue$510,000Treasurystock90,000Retainedearnings2,340,000Paid-incapitalinexcessofpar-commonstock1,320,000\begin{array}{lr} The final tier is the team responsible for completing whatever project is set before them. a. digital technology. a. amount of work specialization in an organization. As discussed below, functional, product-based, market-based and geographical organizational structures are vertical structures. Which of the following questions can help project managers learn about a company's organizational culture? Governance This approach is consistent with a _____ structure. b. Organizational Capabilities, Key Personnel, and Qualifications Describe the organizational structure of the Tribe and its ability to manage the proposed project. c. functional General aspects of each subject are discussed, then the specifics. The result of this was a stronger emphasis on horizontal coordination. The team approach to departmentalization is a response to: e. process-based, A formal chain of command for both functional and divisional relationships is provided by the _____ approach to structure. c. Centralization; top a. Boars' Nest's structure is too loose. As someone interviewing for a project management role, you want to understand the organizational culture of the company you're interviewing with. c. wide span of control. Which of the following characteristics distinguishes authority? Change management, Question 1 Which answer best describes a Classic organizational structure? Fill in the blank: During the planning phase of a project, you take steps that help you _____ to achieve your project goals. To create moonshots, you want to have a team organized around a few core principles: In some cases, organizations design their company to empower employees to take action as they are entrepreneurs. c. internal efficiency goals. Large corporations might not survive and adapt fast enough. Maintaining a Board of Directors, Section 8. Extend the income statement for Miss Muffins' Bakery to include a vertical analysis for 201220122012 and for 201320132013. &\text{Cost of goods sold}&\underline{\qquad\qquad} \qquad\qquad\quad \underline{\qquad\qquad} \\ d. flexibility. This level of change is referred to as _____. Which of the following is a plausible explanation as to why? List of Excel Shortcuts Facebook, What Is Teslas Organizational Structure? \underline{\text{Cost of Goods Sold}} & (192.1) & (175.4) & (207.1) & (248.3) & (295.8)\\ Donec aliquet. Which of the following factors is NOT associated with larger span of control? Mass production a. What were Mydeco's retained earnings each year? You might be using an unsupported or outdated browser. e. finances; products, Which of the following is not an approach to structural design that reflects different uses of the chain of command? b. Moonshots do not have to be aligned with the core business model of the company. Question 8 c. delegation. c. term structure. \text{Shares outstanding (millions)} & 56.8 & 56.8 & 56.8 & 56.8 & 56.8\\ c. The chain of command More specifically an organizational structure can be organized in: It is a type of organization where people are grouped according to their area of professional competence and specialization. b. standing committee c. save feedback for completion of the project. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. e. Authority is static - it does not flow, The people with authority and responsibility are subject to reporting and justifying task outcomes to those above them in the chain of command. c. uses a divisional structure. In fact, a large organization has to keep its operations as efficient as possible to keep its operations make sense. Question 7 c. Formal But how do you structure a large company for business model innovation? c. in-depth skill specialization and development. It is a type of organization where groups are organized according to the projects, or products the company focuses on. Subordinates accept it. A tight structure e. matrix structure. In diagram form, a complex organization might look like this: As smaller size means fewer people, these groups are usually less complex, as they have less need for a formal hierarchy and instead have governance that is consensus-based. It allows for easy communication among project teams that sit across different functions. b. the project; people e. leadership, _____ refers to a clearly defined line of authority in the organization that includes all employees. A matrix structure offers flexibility, enables shared resources and fosters collaboration within the company. The organizational structure and responsibilities of the executive team and board of directors of a corporation. Manage Settings a. e. Tall structure. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. c. First-level supervisor Work performed by subordinates is stable and routine. d. all of these a. decentralized. Department manager Your team is selected to implement a key project for your company's Office of Procurement. 1. It is the most complex, but it can also be the most productive. c. flexible. The company does very little product customization. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. &\text{Cost of ending inventory} &\underline{\qquad\qquad} \qquad\qquad\quad \underline{\qquad\qquad} \\ Every company needs an organizational structurewhether they realize it or not. e. top leader, The _____ is the product or functional boss, who is responsible for one side of the matrix. Fill in the blank: During the planning phase of a project, you take steps that help you _____ to achieve your project goals. According to MANAGER'S SHOPTALK in Chapter 10, all of the following are effective ways for a manager to delegate EXCEPT: Typically this kind of organization is very bureaucraticand has a top-down approach. 2023 Forbes Media LLC. How To Find The Cheapest Travel Insurance, 4 Common Types of Organizational Structures, How To Choose the Best Organizational Structure, Best Enterprise Learning Management Systems, SurePayroll Review: Plans, Pricing And Features, Departments or teams within the organization. Organizational design is a critical puzzle for making a company successful. c. Kevin's span of management can be larger than Nichole's. \end{array} b. has a geographic structure. a. 60 seconds. What is the main advantage of the Agile approach over the Waterfall methodology?
Organizational Structure: The Complete Guide To - FourWeekMBA c. Time and resources spent on meetings With the traditional structure, simplicity is the primary distinguishing feature. d. development of general management skills. We'd love to hear from you, please enter your comments. \text{Sale (or purchase) of stock} & & & & & \\ The Tool Box needs your help Welcoming and Training New Members to a Board of Directors, Section 6. d. product With the advent of the web, many of the dominant organizations were challenged by startups that used a much flatter organizational structure. This implies that each department will have his manager or director. Coordination is defined as: The span of management \end{array} d. Functional structure A matrix structure Report availability, Question 4
MGMT 490 CH 10 exam 2 Flashcards | Quizlet &\text{Cost of beginning inventory}\\ Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. &\text{Net income}&\quad \underline{\qquad\qquad} \qquad\qquad\quad \underline{\qquad\qquad} \\\\ Atmosphere The geographical structure is a good option for companies with a broad geographic footprint in an industry where it is essential to be close to their customers and suppliers. \text{Total Liabilities} & 525.3 & 524 & 602.1 & 632.3 & 637.2\\ This employee has accountability in both directions. d. matrix structure. b. divisional d. vertical functional 1 point \text{Mydeco Stock Price} & \$7.02 & \$3.55 & \$5.86 & \$8.33 & \$11.57\\ Although they both work on the assembly line, they have the authority to make many decisions about their job. & 244.3 & 243.3 & 306.1 & 349.6 & 347.9\\ d. virtual network structure. 1 point The organizational structure is how the company delegates roles, responsibilities, job functions, accountability and decision-making authority. a. department manager An example of data being processed may be a unique identifier stored in a cookie. Toyota, What Is Facebooks Organizational Structure? Virtual network approach e. matrix, The biggest advantage to a virtual network approach is _____ and _____ on a global scale. Pellentesque dapibus efficitur laoreet. 1994-2023The University of Kansas.
Which of the following best describes the organization of the - Toppr e. uses a matrix structure. 1 point In general, a centralized company is mostly run in hierarchies. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. a. diversification approach Agile Shooting Star, Inc. has slow response to external changes, centralized decision making, and poor coordination across departments. d. tight vertical control What tools can a project manager incorporate to assist in project adoption? Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy. Each point of comparison is discussed in turn. a. d. Flexible operations d. people; other resources When assigning tasks to team members, what two factors should you mainly consider? e. Divisional approach. Organ Rentals uses a _____ structure.
4 Types of Organizational Structure: Definitions and Examples Organizational Structure: An Overview, Developing a Strategic Plan and Organizational Structure, Chapter 9. By structure, we mean the framework around which the group is organized, the underpinnings which keep the coalition functioning. Prepare Wilcos December 31, 2012, stockholders equity section. An organizational chart is a graphic that depicts the organizational structure. d. Organization D with six hierarchical levels a. team-based
Layout Choices | Graphic Arts Quiz - Quizizz As someone interviewing for a project management role, you ask questions about how team members provide feedback to one another, ways the company celebrates success, and whether risk-taking is encouraged. While most traditional companies run this kind of organizational structure, many startups that need to make sure its small teams remain flexible and adaptable might opt for a different structure, where people are incentivized to form cross-functional teams. The project-based structure features the best of both the traditional line and functional organizational structures: its simple, with the first tiers answering only to a direct supervisor. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio.
\text{Balance Sheet} & 2012 & 2013 & 2014 & 2015 & 2016\\ This process is known as: Another important part of structure is having rules by which the organization operates. In a _____ organization, the entire work flow is mechanized in a sophisticated and complex form of production technology. \underline{\text{Income Tax}} & (8.1) & (2.3) & (5.1) & (6.4) & (8.7)\\ \text{Net Property, Plant $\And$ Equip.} Your financial situation is unique and the products and services we review may not be right for your circumstances. c. Manufacturing This is called _____. b. It includes an internal group that defines and maintains project management standards across the organization. d. horizontal structure b. five a. divisional, teams a. uses a functional structure. e. twenty, Shoshanna is manager of a customer service firm where she oversees five subordinates. e. all of these. d. Small-batch production &\text{Gross sales} \\ d. Functional; primary Which of the following are important project management responsibilities? Feedback mechanisms. e. teams, networks. d. virtual network \text{Dividends Paid} & (5.2) & (5.2) & (5.2) & (5.2) & (5.6)\\ Nichole's subordinates are spread over two locations and she has little available in the way of support systems. b. it makes efficient use of human resources. c. functional Instead, the company will have a dedicated group of people that will be more independent or assigned to specific projects that are highly innovative. b. Unplanned decentralization e. flexibility in an unstable environment. Select all that apply. There is little duplication of services across divisions. e. none of these. c. Subordinates are located at various different locations. b. vertical structure e. results in an efficient use of resources. All information starts at the top and is passed down, typically from one individual to the next. Deliverable e. Marketing department, Which of the following refers to the number of employees reporting to a supervisor? c. Work specialization c. Horizontally \text{Cash} & 49.4 & 68.0 & 91.7 & 80.4 & 83.6\\ A company's structure, hierarchy, and goals Gina wishes to transfer authority and responsibility to her subordinates. Lorem ipsum dolor sit amet, consectetur adipiscingsque dapi, ultrices ac magna. Layoffs \underline{\text{Interest Income (Expense)}} & (32.4) & (31.8) & (32.0) & (37.0) & (40.9)\\ d. Authority principle Mountain Peak can be said to have: c. Research and development department The media committee works to keep children's issues in the news, and includes professionals from the local television stations, radio stations, newspaper, and a marketing professional. b. An organizational structure is literally a chart or diagram that depicts the logistical organization of a company. It affects the availability of resources that can be devoted to a project. Culture mapping Which term refers to the delivery of a completed project and its successful adoption by an organization? However, each member of the team can easily get information and assistance from the other members. The consent submitted will only be used for data processing originating from this website. c. There is good coordination across divisions. a. coordination d. team d. Division of labor For instance, Coca-Cola uses what I defined as a franchained business modelwhere its corporate structure is centralized. The coordinating council is composed of the executive director, her assistant, the media committee chair, and the chairs of each of the three task forces.
Solved Question 1 Which of the following best describe - Chegg a. functional structure. In that case, how these companies structure their organization will also determine their ability to execute their mission. An organization strives for internal efficiency with a(n) _____ strategy. e. all of these, Which of the following structures is most consistent with a strategy of stability? \text{Accounts Payable} & 18.8 & 18.8 & 22.4 & 27.1 & 30.3\\ It is a type of organization born from the startup way of acknowledging more independence and autonomy to employees, where they are closer to the chain of command, and the decision-making process. Licensed under a Creative Commons Attribution-Noncommercial-Share Alike 3.0 United States License. Meeting availability c. large-batch production Which of the following is(are) an advantage of team structure? However, instead of being structured around typical roles and job functions, it is structured around the companys products or markets. b. planning Editorial Note: We earn a commission from partner links on Forbes Advisor. Which of the following refers to the deployment of organizational resources to achieve strategic goals? Unity of command and the scalar principle are both closely related to the: inAccountsReceivable3.917.01.3(8.1)(6.8)Chg.inInventory(2.9)1.34.9(2.9)(5.6)Chg.inPayables&AccruedComp.1.7(1.3)4.84.94.9CashfromOperations45.247.653.144.048.8CapitalExpenditures(26.6)(23.8)(97.5)(75.4)(40.0)CashfromInvestingActivities(26.6)(23.8)(97.5)(75.4)(40.0)DividendsPaid(5.2)(5.2)(5.2)(5.2)(5.6)Sale(orpurchase)ofstockDebtIssuance(PayDown)73.325.3CashfromFinancingActivities(5.2)(5.2)68.120.1(5.6)ChangeinCash13.418.623.7(11.3)3.2MydecoStockPrice$7.02$3.55$5.86$8.33$11.57\begin{array}{lccccc} A mechanistic structure Resource availability b. Greater work specialization Thus, in a sense, the organizational structure is critical for executing the overall business strategy. e. networks, Global companies often use a _____ structure to achieve simultaneous coordination of products across countries.
4.3 Organizational Designs and Structures - OpenStax a. Each division working as an independent organization can be grouped by product line but also geography. The Structured Query Language (SQL) comprises several different data types that allow it to store different types of information What is Structured Query Language (SQL)? c. Team approach c. centralized at the top. Your team develops software that meets the success criteria presented to you by your company's CFO. Fill in the blank: After the stakeholders assign the project manager, the goals of the project have to be approved, as well as the scope of the project and its _____. How to Develop an Organization Structure, by Tara Duggan, Demand Media, is an informational article on how to develop organization structure with a short step-by-step analysis. a. functional HR adopts the new onboarding process that your project team was tasked to develop. b. team based, horizontal d. A functional structure d. formalization. Functional structure In a functional structure, organizations are divided into specialized groups with specific roles and duties.
8 Types of Project Management Organizational Structures It differs from the traditional line structure by means of the existence of established channels for the horizontal sharing of information and direction, with a substantial increase in the sheer number of lines of communication. Which of the following questions could help you learn about the company's processes? The four types are: 1. Similar to the functional structure, the process-based structure is structured in a way that follows a products or services life cycle. Advantages of the matrix structure include: Organizations using functional structures group jobs based on similarity in functions. You do this by adopting portions of the companys change management plan for your project. \underline{\text{Debt Issuance (Pay Down)}} & & & 73.3 & 25.3 & \\ e. None of these. Middle manager a. reorganization 1 point c. has a more pronounced division of labor. e. Individuals are born with this power. This structure can foster efficiency, teamwork and specialization, but it can also create barriers between the teams if communication isnt prioritized. May | 2.8K views, 54 likes, 15 loves, 21 comments, 4 shares, Facebook Watch Videos from ABS-CBN News: Start your day with ANC's rundown of news you need. She has written legal and marketing content and communications for a wide range of law firms for more than 15 years. The traditional organizational structure is best suited to small businesses that, again, comprise a fairly small number of departments and a limited number of employees. c. communication; organization Put it in the bottom right corner of the design. Which of the following best describes what is meant by corporate governance?
Weekly Challenge 4 Flashcards | Quizlet \text{Chg. in Accounts Receivable} & 3.9 & 17.0 & 1.3 & (8.1) & (6.8)\\ This article describes the various types of organizational structures, the benefits of creating one for your business and specific elements that should be included. Which of the following terms best describes the first step to your project having the desired impact once it goes live? Other types of organizational structure might also be based on several factors. What steps should you take? Commissions do not affect our editors' opinions or evaluations. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Which of the following happens as organizations grow? GrosssalesReturnsandallowancesNetSalesCostofbeginninginventoryCostofpurchasesCostofendinginventoryCostofgoodssoldGrossProftTotalperatingExpensesNetincome. It also has the potential for a lack of cross-department communication and collaboration. Culture development based on the shape of the organization. Where do you want to be? An organizational structure allows companies to shape their business model according to several criteria (like products, segments, geography and so on) that would enable information to flow through the organizational layers for better decision-making, cultural development, and goals alignment across employees, managers, and executives. c. Matrix structure It is important to highlight that the more a company grows, the more culture and organizational design might matter compared to business model innovation. It also establishes clear expectations and has a well-defined chain of command. Similar to the functional and product-based structure, a circular structure is also centralized and hierarchical, but instead of responsibility and decision-making authority flowing down vertically, responsibility and decision-making authority flow out from the center. The debate over centralization vs. decentralization is still open. Along with the functional structure, the product- or market-based structure is hierarchical, vertical and centralized. In times of crisis or risk of company failure, authority should be: Her organization uses the _____ approach to departmentalization.
9 Types of Organizational Structure Every Company Should Consider - HubSpot c. virtual network approach Samsung, What is Toyotas Organizational Structure? a. responsibility d. departmentalization. b. Centralization So they can manage change effectively. Creating and Gathering a Group to Guide Your Initiative, Section 3. c. motivating c. the confusion caused by the dual chain of command. a. service production d. high degree of centralization. Compared to YZ, Jacob's company has what type of organizational structure? To be successful, the differentiation business-level strategy must Traditional organizations opt for a hierarchical structure, where people are organized in a pyramid-shaped structure, with top executives in charge of the strategic decision-making process. Or the company, still in a scale-up stage, can assign part of the time of its employees to run projects they like. How the organization reports its earnings \text{Income statement} & 2012 & 2013 & 2014 & 2015 & 2016 \\ A diagram of such a small group might look something like this, with each of the circles representing an individual member: First, decide upon the formality your organization will have. d. Tall Donec aliquet. b. divisional, matrix c. reengineering d. small-batch production Organizational structure, product, and business model are critical to enabling a company to scale up. 20122016 Financial Statement Data and Stock Price Data Continue with Recommended Cookies. Salta can best be described as using what organizational structure? Disadvantages of the virtual network approach include: Decentralized leadership can help companies remain agile and adapt to changing needs. Past performance is not indicative of future results. The chart may include job titles or it can be personalized to include names and photos. How are new employees onboarded? c. Primary e. division of labor, Which of the following is the basis for grouping positions into departments and departments into the total organization? &\text{Net Sales} &\qquad \underline{\qquad\qquad} \qquad\qquad\quad \underline{\qquad\qquad} \\ b. Barney and Betty work at Mountain Peak, Inc. c. Work specialization Structure is what ensures that your organization will function smoothly and as you intended. It's not uncommon for a group to start with a steering committee, ask others to serve as board members, and then recruit volunteers who will serve as members of action committees.