Business Questions

David's company is divided into four geographic units. This is a reflection of Blank______ differentiation.horizontallinearparallelvertical

What structure allows for each division to have full responsibility for its own value creation activities but the headquarters maintains responsibility for overall strategy and financial control?International functional divisionFlexible matrixGlobal matrixWorldwide product division

When Meredith began her company, it made sense to divide the business areas into three areas: purchasing, manufacturing, marketing, and finance. Now that her business has grown, she thinks it will be best to reorganize the business so that each division is responsible for a distinct business area. Which structure does Meredith want to use in her reorganization?Global matrixFunctionalProduct divisionalGeographic

Natalie's company has its headquarters in Chicago and three areas of the world -- the Far East, Latin America, and Europe. Her company is an example of the Blank______ area structure.productlocalizationlocalworldwide

The Blank______ strategy uses both centralized control to realize location and experience effects that reduce costs, and decentralized decision making to meet the needs of local responsiveness.global standardizationtransnationallocalization

Devices, such as bonuses, used to reward appropriate managerial behavior are called Blank______.reviewsarbitrationincentivestariffs

Which strategy reflects both centralized and decentralized operating decisions?localizationtransnationalglobal standardization

Select all that applyWhat are the three components of a firm's organizational structure?The formal division of the organization into subunitsHow an organization segments, targets and positionsThe accounting and financial systems that a company usesLocation of decision-making responsibilities within the organizationThe establishment of integrating mechanisms to coordinate the activity in the subunits

The totality of a firm's organization is called Blank______.organizational architecturea mission statementa hierarchysupply and demand

The processes and systems used to coordinate the subunits of an organization are called Blank______.control systemsdivision of laborintegrating mechanismsvertical differentiation

Control systems in a business are established as a way to Blank______.forecast profitsmeasure performancereward behaviorhire employees

The way work is performed and decisions are made within an organization is called Blank______.incentivesmandatesreviewsprocesses

The importance of local responsiveness in pursuing a localization strategy would lead firms to adopt a Blank______ decision making model.decentralizedcentralized

When a new product is in the works at Connor's company, it is developed by the product development team, then reviewed by the manufacturing manager to determine if it can be made in-house. A cost analysis is then prepared and finally it is presented to the management team for consideration. This scenario describes which aspect of an organization?standardscontrolsprocessesincentives

Selena's company measures the performance of its subsidiaries according to their profits. In other words, her company uses profits as a Blank______.parityprocessmetricdividend

The organizational Blank______ of a company consists of the people, culture, processes and controls inherent within any company.architecturecontrolsystemsmission statement

Trevor's company provides an end-of-year bonus to those managers who have worked at the company for at least five years. This bonus is an example of a(n) Blank______.benchmarkmetriccontrolincentive

Select all that applyWhat are three ways firms can divide themselves into subunits using horizontal differentiation?by employee groupby geographic areaby profitabilityby type of businessby function

Geoff's company has separate product divisions for each product line. These product divisions are part of the company's Blank______.functionstructuremissionculture

special offer (discount)free sample (small amount of the product to try or taste)free gift (given with the product)competitons with prizes