1. The Sarbanes-Oxley Act of 2002 requires that management of publicly traded companies: report on the adequacy of the company’s internal controls over financial reporting. use investment centers to evaluate top managers. compensate managers with fixed compensation plans only. eliminate stock options for managerial compensation. 2. In general‚ there is a direct relationship between the quality of the information provided to managers and the quality of decisions
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What is Five Forces Analysis? Describe each in detail and use your own small example to illustrate. The Five Forces Analysis is Porter’s model and is used in a business situation. The purpose of this analysis is to diagnose the competitive pressures in a market and assess how strong and important each one is to the firm. This analysis consists of; Threat of New Entrants‚Bargaining Power of Suppliers‚ Bargaining Power of Buyers‚ Threat of Substitute Products‚ Threat of Potential New Entry‚ and
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the organization is said to be decentralized. (True; moderate; p. 272) 8. The concept of centralization-decentralization is absolute. (False; moderate; p. 272) 9. When effective implementation of company strategies depends on managers having involvement and flexibility to make decisions‚ the company is probably more decentralized. (True; moderate; p. 272) 10. A term for increased decentralization is employee empowerment‚ which is giving employees more authority to make decisions. (True;
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IBUS/MARK 462 SECOND EXAM – WINTER 2013 STUDY QUESTIONS A. Definitions –four will be chosen for the exam Transaction exposure: The extent to which income from individual transactions is affected by fluctuations in foreign exchange values. Balance-of-trade equilibrium: Reached when the income a nation’s residents earn from exports equals money paid for imports. Spot exchange rate: The exchange rate at which a foreign exchange dealer will convert one currency into another that particular
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to maintain. You are describing the ________. A) matrix structure B) simple structure C) bureaucracy D) team structure E) organizational pyramid Answer: B 4. Which one of the following is consistent with a simple structure? A) high centralization B) high horizontal differentiation C) high employee discretion D) standardization E) bureaucracy Answer: A 5. Which of the following is not a weakness of the simple structure? A) It is risky. B) It is prone to information overload.
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Scientific Management- Fredrick Winslow Taylor Scientific Management is a management theory that analyzes work flow to improve economic efficiency‚ mostly labour productivity‚ also referred to as Taylorism. Some major components of scientific management include analysis‚ synthesis‚ logic‚ rationality‚ empiricism‚ work ethic‚ elimination of waste‚ and standardized best practices‚ These combined components focus on the efficiency of the worker‚ not on behavioural qualities. Taylor was not the
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There is a ton of information on organizational culture and about every detail. The relationship between organizational culture and organizational structure is an important theme. The two can be difficult to clearly distinguish from one another‚ and even more so to clearly define within an institution. Organizational structure works within an organizational culture‚ but it is not completely separate. The two are very much intertwined. Organizational culture is more of a larger picture‚ a more
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GANDHI’S WAY Decentralization According to Gandhi‚ modern civilization was responsible for impoverishing the Indian villages‚ which occupied a pivotal position in the Indian situation. Gandhi has always been a critic of the centralization of economic and political power. Large scale production inevitably led to concentration of economic and political power. Labor and material‚ production and distribution became the monopoly of the few rich. Such a concentration of economic power resulted
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Lodging Demands DeVry University Foundations of Hotel Mgmt HOSP-320-62422 ProfessorLionel Thomas Jr. November 02‚ 2014 Lodging Demands Chapter 1: 1. There are three factors that influence lodging demand. What are they and discuss in detail how they affect the demand? Population growth (Population Demographics‚ per textbook): The growth of population is an important factor that affects the lodging demand directly‚ Survey data of business and pleasure travel suggest that people above 45 years of age
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listed and explained below: 1. Division of work 2. Authority and responsibility 3. Discipline 4. Unity of command 5. Unity of direction 6. Sub-ordination of individual interests to general interest 7. Remuneration of personnel 8. Centralization 9. Scalar Chain 10. Order 11. Equity 12. Stability of personnel 13. Initiative 14. Esprit de corps 1. Division of Work: In an organization‚ work should be divided correctly‚ according to the time available. The potential of employees
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