Which theory provides a mechanism for considering complex authority relationships, including the delegation of decision making authority or control over resources from one person, the principal, to another, the agent?
Answer
Selected Answer: Agency
Correct Answer: Agency
Question 4
4 out of 4 points
The shared set of values and norms that guide organizational member interactions with each other and customers is referred to as organizational __________.
Answer
Selected Answer: culture
Correct Answer: culture
Question 5
4 out of 4 points
An organization's inputs include all of the following EXCEPT:
Answer
__________ denotes patterns of decision making and actions engaged in by managers using core competencies to achieve competitive advantage and perform beyond competitors.
Answer
The process by which organizations redesign structures and cultures to move from a current state to an intended future state in order to increase effectiveness is termed __________.
Answer
__________ are cost savings that result when goods and services are produced in large volume on automated production lines.
Answer
Selected Answer: Economies of scale
Correct Answer: Economies of scale
Question 10
4 out of 4 points
The decision sets that individuals experience when they must decide upon "the right thing to do," even though it may go against self interests, is regarded as __________.
Answer
Selected Answer: an ethical dilemma
Correct Answer: an ethical dilemma
Unit 2
Question 1
4 out of 4 points
The forces from outside the stakeholder's group that directly affect an organization's ability to secure and utilize resources is regarded as what type of environmental force?
Answer
Selected Answer: Specific
Correct Answer: Specific
Question 2
4 out of 4 points
The transaction cost approach implies that an organization should:
Answer
Selected Answer: use relatively informal linkage mechanisms to minimize transaction costs and avoid bureaucratic costs.
Correct Answer: use relatively informal linkage mechanisms to minimize transaction costs and avoid bureaucratic costs.
Question 3
4 out of 4 points
Economic forces that shape the specific environment and the ability to acquire resources include all of the following EXCEPT:
Answer
