1 Match the terms to the right definitions.

Group of answer choices

entrepreneur

[ Choose ]

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

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

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

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

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

entrepreneurship

[ Choose ]

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

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

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

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

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

entrepreneurial cognitions

[ Choose ]

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

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

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

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

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

elements of entrepreneurship

[ Choose ]

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

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

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

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

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

characteristics of entrepreneurs

[ Choose ]

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

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

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

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

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

2 opportunity recognition

[ Choose ]

scientific and circumstance

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

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

involves monitoring seven sources for innovative opportunity

systematic innovation

[ Choose ]

scientific and circumstance

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

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

involves monitoring seven sources for innovative opportunity

internally focused sources for innovation opportunity

[ Choose ]

scientific and circumstance

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

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

involves monitoring seven sources for innovative opportunity

externally focused sources for innovative opportunity

[ Choose ]

scientific and circumstance

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

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

involves monitoring seven sources for innovative opportunity

categories of entrepreneurial discovery

[ Choose ]

scientific and circumstance

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

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

involves monitoring seven sources for innovative opportunity

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

Group of answer choices

new or improved good/service

[ Choose ]

Distinction between true advances and promotional differences

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

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

Enhance availability of products by providing at lower cost

new method of production

[ Choose ]

Distinction between true advances and promotional differences

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

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

Enhance availability of products by providing at lower cost

opening of a new market

[ Choose ]

Distinction between true advances and promotional differences

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

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

Enhance availability of products by providing at lower cost

Conquest of a new source of supply of raw materials

[ Choose ]

Distinction between true advances and promotional differences

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

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

Enhance availability of products by providing at lower cost

4 Match to make right.

Group of answer choices

perceptual blocks

[ Choose ]

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

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

poor writing skills, and inability to construct prototypes

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

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

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

emotional blocks

[ Choose ]

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

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

poor writing skills, and inability to construct prototypes

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

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

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

cultural blocks

[ Choose ]

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

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

poor writing skills, and inability to construct prototypes

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

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

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

imagination blocks

[ Choose ]

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

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

poor writing skills, and inability to construct prototypes

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

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

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

environmental blocks

[ Choose ]

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

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

poor writing skills, and inability to construct prototypes

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

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

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

intellectual blocks

[ Choose ]

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

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

poor writing skills, and inability to construct prototypes

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

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

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

expressive blocks

[ Choose ]

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

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

poor writing skills, and inability to construct prototypes

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

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

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

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

Generating possible solutions to obstacles before stating negative views about them

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

Using idea generating tricks like developing scenarios

Using idea generating tricks like brainstorming

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

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

Trying different ways of looking at and thinking about venture opportunities

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

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 ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

primary function of management in for-profit work

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

shareholder

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

stakeholder

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

branches of management

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

the planning function is about

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

the organizing function is about

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

the staffing function is about

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

the leading/directing function is about

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

the controlling/monitoring function is about

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

the motivating function is about

[ Choose ]

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

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

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

making sure employees perform

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

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

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

human resources, operations, strategy, finance, information technology

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

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

9 match the management terms with the right definitions

Group of answer choices

authority

[ Choose ]

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

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

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

types of authority

[ Choose ]

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

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

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

organization's structural strategies

[ Choose ]

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

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

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

controller

[ Choose ]

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

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

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

delegation

[ Choose ]

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

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

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

organizing

[ Choose ]

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

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

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

capital expenditure

[ Choose ]

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

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

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

10 match the definitions with the terms

Group of answer choices

line authority

[ Choose ]

the manager is responsible only for the quality of the advice

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

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

functional authority

[ Choose ]

the manager is responsible only for the quality of the advice

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

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

staff authority

[ Choose ]

the manager is responsible only for the quality of the advice

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

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

11 tall structure

[ Choose ]

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

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

this expedites decision-making from the top down

flat structure

[ Choose ]

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

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

this expedites decision-making from the top down

centralized structure

[ Choose ]

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

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

this expedites decision-making from the top down

decentralized structure

[ Choose ]

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

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

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 ]

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 corrective action taken to return the system to expected output

the sensor

[ Choose ]

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 corrective action taken to return the system to expected output

the activator

[ Choose ]

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 corrective action taken to return the system to expected output

the comparator

[ Choose ]

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 corrective action taken to return the system to expected output

13 match the leadership related terms to the right explanations

Group of answer choices

laissez-faire

[ Choose ]

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

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

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

positive reinforcement

[ Choose ]

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

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

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

leadership

[ Choose ]

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

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

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 ]

involves the maintenance and organizational approach of achieving strategic objectives

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

a plan of action intended to accomplish a specific goalt

the act of estimating future outcomes

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

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

strategic planning

[ Choose ]

involves the maintenance and organizational approach of achieving strategic objectives

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

a plan of action intended to accomplish a specific goalt

the act of estimating future outcomes

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

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

required for executing the planning function

[ Choose ]

involves the maintenance and organizational approach of achieving strategic objectives

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

a plan of action intended to accomplish a specific goalt

the act of estimating future outcomes

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

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

strategy

[ Choose ]

involves the maintenance and organizational approach of achieving strategic objectives

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

a plan of action intended to accomplish a specific goalt

the act of estimating future outcomes

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

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

allocating

[ Choose ]

involves the maintenance and organizational approach of achieving strategic objectives

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

a plan of action intended to accomplish a specific goalt

the act of estimating future outcomes

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

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

forecasting

[ Choose ]

involves the maintenance and organizational approach of achieving strategic objectives

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

a plan of action intended to accomplish a specific goalt

the act of estimating future outcomes

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

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

15 match the management terms with the right definitions

Group of answer choices

top-level managers

[ Choose ]

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

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

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

middle-level managers

[ Choose ]

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

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

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

frontline managers

[ Choose ]

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

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

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

general managers

[ Choose ]

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

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

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 ]

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

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

must dedicate its operations to achieve a charitable or educational goal

administered to earn profit to increase the wealth of their owners

non-profit corporations

[ Choose ]

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

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

must dedicate its operations to achieve a charitable or educational goal

administered to earn profit to increase the wealth of their owners

mutual-benefit corporations

[ Choose ]

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

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

must dedicate its operations to achieve a charitable or educational goal

administered to earn profit to increase the wealth of their owners

mutual-benefit non-profit corporations

[ Choose ]

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

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

must dedicate its operations to achieve a charitable or educational goal

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 ]

technique used to multiply gain or loss

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

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

ways to promote a desired action

synergy

[ Choose ]

technique used to multiply gain or loss

benefits resulting from combining t