Lesson 1. Business Administration & Management

When talking about pursuit of appropriate goals...

• Ineffective and effective

• Inefficient and efficient

• Ineffective and efficient

• Ineffective and efficient

What is the concept of synergy?

• The value of the system as a whole is the same as the sum of the values of its parts.

• The value of the system as a whole is different from the sum of the values of its parts.

• The value of a company do not depend on the different subsystems, as well as the relationships between them.

• The value of a company depends on the different subsystems, but not in the relationships between them.

What is equifinality?

• Closed systems where there is a single possible path.

• Closed systems can reach the same final state, starting from the same initial states. There is no single possible path.

• Open systems can reach the same final state, starting from different initial states. There is no single possible path.

• An imputs-transformation-ouput.

THE ORGANIZATION CHART OF THE COMPANY

• Formal organizational structure

• Informal organizational structure

• Real organizational structure

• All are correct

Organizational culture can be compared to human _ _ _ _ _ _ _ _ _ _ _

Does strong organizational cultures have disadvantages?

Regarding the organisational culture, who transmits the initial idea to the workers.

• Founders of the company

• Senior managers

• Top management

• Medium managers

Diversity-oriented culture: today, companies are characterized by their great diversity of employees, from different backgrounds and cultures.

• This diversity enriches business, brings creativity, innovation and improves the work environment.

• This diversity difficult the work environment.

• Different cultures impede the creativity in the company.

• The iceberg is a tool to this diversity-oriented culture.

What has the Triple Bottom Line in the center?

When does a family business end?

• When they do not exercise control over the company.

• When they do not participate in the management of the company.

• When there's is not a vocation of continuity.

• All are correct