Chapter 7 1. A firm's organizational culture (also called corporate culture) can exist in formal and informal ways. Identify and describe: a. Formal organizational culture b. Informal organizational culture. 2. Why is organizational culture important? 3. As firms develop an organizational structure, they can assign work through specialization? How can specialization help a firm? 4. Firms can also organize using departmentalization. Give an example and briefly describe the following types of departmentalization: I a. Functional b. Product c. Geographic d. Customer departments. 5. After workers are organized into work groups they must be given responsibility to carry 6. out the work. Briefly describe what is required for an effective Delegation of Authority. QWhat is the difference between a centralized organization and a decentralized organization.