IMPACT OF INFORMATION TECHNOLOGY

1.    What is delegation?

• Ordering workers to do certain jobs.

• Keeping full control with senior managers.

• Passing down full responsibility to subordinates.

•   Giving authority to junior managers to do a particular task.

Which of the following statements about organizations is NOT true?

•    An informal group can be considered to be an organization.

• An organization is a collection of people and other social elements.

• An organization is a formal, legal entity with internal rules and procedures that must abide by laws.

• An organization is a collection of rights, privileges, obligations, and responsibilities delicately balanced over a period of time through conflict and conflict resolution

 

All below are intangible benefits  except

• increased productivity

• more timely information

• higher client satisfaction.

• increased organizational flexibility

 

Which of the following statements about disruptive technologies is NOT true?

• Disruptive technologies may put entire industries out of business

• Disruptive technologies radically change the business landscape and environment

•   Disruptive technologies may be substitute products that perform better than other.

• Firms that invent disruptive technologies as first movers always become market leaders.

Which of the following is FALSE about information technology's impact on business firms?

• It helps firms expand in size.

•   It helps reduce agency costs.

• It helps reduce internal management costs

• It helps firms lower the cost of market participation

Which of the following best describes definition of firm in agency theory?

• Entrepreneurial structure.

• Unified, profit-maximizing entity.

•   "Nexus of contracts" among self-interested individuals.

•   Task force organization that must respond to rapidly changing environments.

An advantage of flat organization structure is

•   communication is quicker.

• work responsibilities are clear

• there is a narrow span of control

• there are more opportunities for promotion

  A hierarchical organization is one that has

• few managers.

• communication is quicker

• there is a narrow span of control.

• a high number of layers of management

 

  Which of the following is a disadvantage of IoT use?

• Cost savings

• Better lifestyle.

• Increased productivity.

• Over dependency on Technology

 

Why do some shops only have a website and not a high street store

• It's easier.

• It keeps costs down

• No staff are needed

• Delivering goods is free