Match the terms to the right definitions.

Group of answer choices

entrepreneur

[ Choose ]

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

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

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

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

entrepreneurship

[ Choose ]

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

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

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

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

entrepreneurial cognitions

[ Choose ]

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

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

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

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

elements of entrepreneurship

[ Choose ]

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

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

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

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

characteristics of entrepreneurs

[ Choose ]

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

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

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

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

2 opportunity recognition

[ Choose ]

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

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

scientific and circumstance

systematic innovation

[ Choose ]

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

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

scientific and circumstance

internally focused sources for innovation opportunity

[ Choose ]

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

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

scientific and circumstance

externally focused sources for innovative opportunity

[ Choose ]

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

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

scientific and circumstance

categories of entrepreneurial discovery

[ Choose ]

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

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

scientific and circumstance

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 ]

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

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

Enhance availability of products by providing at lower cost

new method of production

[ Choose ]

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

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

Enhance availability of products by providing at lower cost

opening of a new market

[ Choose ]

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

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

Enhance availability of products by providing at lower cost

Conquest of a new source of supply of raw materials

[ Choose ]

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

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

Enhance availability of products by providing at lower cost

4 Match to make right.

Group of answer choices

perceptual blocks

[ Choose ]

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

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

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

poor writing skills, and inability to construct prototypes

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

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

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

emotional blocks

[ Choose ]

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

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

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

poor writing skills, and inability to construct prototypes

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

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

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

cultural blocks

[ Choose ]

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

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

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

poor writing skills, and inability to construct prototypes

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

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

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

imagination blocks

[ Choose ]

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

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

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

poor writing skills, and inability to construct prototypes

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

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

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

environmental blocks

[ Choose ]

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

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

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

poor writing skills, and inability to construct prototypes

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

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

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

intellectual blocks

[ Choose ]

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

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

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

poor writing skills, and inability to construct prototypes

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

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

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

expressive blocks

[ Choose ]

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

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

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

poor writing skills, and inability to construct prototypes

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

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

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

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

Group of answer choices

Trying different ways of looking at and thinking about venture opportunities

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

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

Generating possible solutions to obstacles before stating negative views about them

Using idea generating tricks like developing scenarios

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

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

Using idea generating tricks like brainstorming

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

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 ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

primary function of management in for-profit work

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

shareholder

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

stakeholder

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

branches of management

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

the planning function is about

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

the organizing function is about

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

the staffing function is about

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

the leading/directing function is about

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

the controlling/monitoring function is about

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

the motivating function is about

[ Choose ]

human resources, operations, strategy, finance, information technology

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

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

making sure employees perform

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

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

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

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

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

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

9 match the management terms with the right definitions

Group of answer choices

authority

[ Choose ]

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

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

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

types of authority

[ Choose ]

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

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

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

organization's structural strategies

[ Choose ]

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

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

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

controller

[ Choose ]

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

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

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

delegation

[ Choose ]

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

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

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

organizing

[ Choose ]

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

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

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

capital expenditure

[ Choose ]

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

line, functional, and staff

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

centralized, decentralized, tall, and flat

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

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

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

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

functional authority

[ Choose ]

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

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

staff authority

[ Choose ]

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

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

11 all structure

[ Choose ]

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

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

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

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

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

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

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

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

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 ]

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

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

the sensor

[ Choose ]

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

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

the activator

[ Choose ]

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

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

the comparator

[ Choose ]

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

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

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 ]

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

a plan of action intended to accomplish a specific goalt

involves the maintenance and organizational approach of achieving strategic objectives

the act of estimating future outcomes

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

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

a plan of action intended to accomplish a specific goalt

involves the maintenance and organizational approach of achieving strategic objectives

the act of estimating future outcomes

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

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

a plan of action intended to accomplish a specific goalt

involves the maintenance and organizational approach of achieving strategic objectives

the act of estimating future outcomes

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

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

a plan of action intended to accomplish a specific goalt

involves the maintenance and organizational approach of achieving strategic objectives

the act of estimating future outcomes

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

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

a plan of action intended to accomplish a specific goalt

involves the maintenance and organizational approach of achieving strategic objectives

the act of estimating future outcomes

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

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

a plan of action intended to accomplish a specific goalt

involves the maintenance and organizational approach of achieving strategic objectives

the act of estimating future outcomes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

administered to earn profit to increase the wealth of their owners

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

non-profit corporations

[ Choose ]

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

administered to earn profit to increase the wealth of their owners

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

mutual-benefit corporations

[ Choose ]

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

administered to earn profit to increase the wealth of their owners

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

mutual-benefit non-profit corporations

[ Choose ]

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

administered to earn profit to increase the wealth of their owners

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

17 match the terms to the right definitions

Group of answer choices

accountability

[ Choose ]

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

ways to promote a desired action

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

technique used to multiply gain or loss

synergy

[ Choose ]

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

ways to promote a desired action

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

technique used to multiply gain or loss

incentives

[ Choose ]

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

ways to promote a desired action

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

technique used to multiply gain or loss

leverage

[ Choose ]

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

ways to promote a desired action

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

technique used to multiply gain or loss

18 ey performance indicator (KPI)

[ Choose ]

key component to effective goal setting

sets a performance standard for an organization, a business unit, or an employee

particularly useful due to their quantitative nature, which allows the measurement of outcomes and assessment of operations

should be specific, measurable, achievable, realistic, and time-targeted (SMART)

goal

[ Choose ]

key component to effective goal setting

sets a performance standard for an organization, a business unit, or an employee

particularly useful due to their quantitative nature, which allows the measurement of outcomes and assessment of operations

should be specific, measurable, achievable, realistic, and time-targeted (SMART)

motivation

[ Choose ]

key component to effective goal setting

sets a performance standard for an organization, a business unit, or an employee

particularly useful due to their quantitative nature, which allows the measurement of outcomes and assessment of operations

should be specific, measurable, achievable, realistic, and time-targeted (SMART)

performance targets

[ Choose ]

key component to effective goal setting

sets a performance standard for an organization, a business unit, or an employee

particularly useful due to their quantitative nature, which allows the measurement of outcomes and assessment of operations

should be specific, measurable, achievable, realistic, and time-targeted (SMART)

19 match the six critical factors of a PESTEL analysis to the right definitions

Group of answer choices

politics

[ Choose ]

metrics which measure and assess the health of a given economic region or environment

understanding the varying laws and regulations in a given region of operation is critical to avoiding unnecessary costs

assess the mentality of the individuals/consumers within a given market

available to optimize internal efficiency

play a role in business, as there is a balance between free markets and systems of control

consumers and governments both penalize companies who have a large adverse affect on it

economic

[ Choose ]

metrics which measure and assess the health of a given economic region or environment

understanding the varying laws and regulations in a given region of operation is critical to avoiding unnecessary costs

assess the mentality of the individuals/consumers within a given market

available to optimize internal efficiency

play a role in business, as there is a balance between free markets and systems of control

consumers and governments both penalize companies who have a large adverse affect on it

social

[ Choose ]

metrics which measure and assess the health of a given economic region or environment

understanding the varying laws and regulations in a given region of operation is critical to avoiding unnecessary costs

assess the mentality of the individuals/consumers within a given market

available to optimize internal efficiency

play a role in business, as there is a balance between free markets and systems of control

consumers and governments both penalize companies who have a large adverse affect on it

technology

[ Choose ]

metrics which measure and assess the health of a given economic region or environment

understanding the varying laws and regulations in a given region of operation is critical to avoiding unnecessary costs

assess the mentality of the individuals/consumers within a given market

available to optimize internal efficiency

play a role in business, as there is a balance between free markets and systems of control

consumers and governments both penalize companies who have a large adverse affect on it

20 match the terms to the right definitions

Group of answer choices

low-cost strategies

[ Choose ]

places a company or a person ahead of competing businesses

when companies sell a product or service at the lowest possible price point to stay competitive

business's ability to communicate a specific image, generally one that will entice consumers or add value

an alternative strategy to low cost in which companies fill a specific need that is not being filled or generate a brand image that increases their value-added proposition

differentiation

[ Choose ]

places a company or a person ahead of competing businesses

when companies sell a product or service at the lowest possible price point to stay competitive

business's ability to communicate a specific image, generally one that will entice consumers or add value

an alternative strategy to low cost in which companies fill a specific need that is not being filled or generate a brand image that increases their value-added proposition

competitive advantage

[ Choose ]

places a company or a person ahead of competing businesses

when companies sell a product or service at the lowest possible price point to stay competitive

business's ability to communicate a specific image, generally one that will entice consumers or add value

an alternative strategy to low cost in which companies fill a specific need that is not being filled or generate a brand image that increases their value-added proposition

branding

[ Choose ]

places a company or a person ahead of competing businesses

when companies sell a product or service at the lowest possible price point to stay competitive

business's ability to communicate a specific image, generally one that will entice consumers or add value

an alternative strategy to low cost in which companies fill a specific need that is not being filled or generate a brand image that increases their value-added proposition

21 match the terms with the appropriate definitions regarding organization structures

Group of answer choices

pyramid/hierarchy

[ Choose ]

assign workers to