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NEW QUESTION # 49
A corporation listens to people who are affected by change and solicits suggestions from people throughout the organization. Which strategy is the corporation using to overcome resistance to change? Choose 1 answer
Answer: A
Explanation:
The strategy the corporation is using to overcome resistance to change is participation and involvement. This approach involves engaging employees who are affected by the change,soliciting their input, and incorporating their suggestions into the change process. By involving employees, the organization can reduce resistance and gain valuable insights that facilitate smoother implementation of changes.
NEW QUESTION # 50
What is the purpose of the Six Sigma Quality approach? Choose 1 answer
Answer: B
Explanation:
The purpose of the Six Sigma Quality approach is to analyze the causes of product defects and to reduce variability in manufacturing and business processes. Six Sigma uses statistical methods to identify and eliminate defects, aiming for near perfection in production processes. It involves steps like defining the problem, measuring key aspects, analyzing the data, improving processes, and controlling the future process performance.
NEW QUESTION # 51
Why might a company choose to adopt an organic structure instead of a mechanistic structure? Choose 1 answer
Answer: C
Explanation:
A company might choose to adopt an organic structure instead of a mechanistic structure because it is less rigid and emphasizes flexibility. Organic structures are characterized by low levels of formalization and standardization, decentralized decision-making, and a greater degree of employee empowerment. This flexibility allows the organization to adapt quickly to changes in the environment, fostering creativity and innovation.
NEW QUESTION # 52
What is the purpose of the control process? Choose 1 answer
Answer: B
Explanation:
The primary purpose of the control process is to ensure that the activities of individuals are directed towards achieving the organizational goals.
* Directing Activities Towards Goals(Answer C): The control process involves monitoring and evaluating organizational activities to ensure they align with the set goals and taking corrective actions when necessary. This ensures that individual efforts contribute effectively to the organizational objectives.
* Fostering Communication(Answer A) andDeveloping Market Saturation(Answer B): While important, these are not the primary purposes of the control process.
* Building a Dynamic Organization(Answer D): This is more related to organizational development than the control process itself.
NEW QUESTION # 53
Entrepreneurs who want to start a new business need to understand the level of risk and both dimensions.
What do entrepreneurs use to assess levels of risk and innovation?
Choose 1 answer
involved in establishing a new venture and must then decide if they are comfortable with
Answer: C
Explanation:
Entrepreneurs who want to start a new business need to assess levels of risk and innovation involved in establishing a new venture. The tool commonly used to assess these dimensions is the Entrepreneurial Strategy Matrix.
* Entrepreneurial Strategy Matrix(Answer D): This matrix helps entrepreneurs evaluate their business ideas by plotting the level of innovation (low to high) against the level of risk (low to high). This analysis aids in understanding the feasibility and potential success of the new venture by identifying which strategies are likely to succeed given the level of risk and innovation involved.
* Collaboration Tracking Matrix(Answer A) andInnovation Creation Diagram(Answer B): These are not standard tools used to assess risk and innovation in entrepreneurship as described in the textbook.
* Entrepreneurial Loss Function Diagram(Answer C): This is not a recognized tool for assessing risk and innovation in entrepreneurial ventures as per the principles of management.
NEW QUESTION # 54
......
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