Business Operations and Organizational Structure Quiz

What is a mission statement?

• A short, specific written statement of the reason a business exists and what it wants to achieve

• A precise statement of results the business expects to achieve

• Guidelines used in making consistent decisions

• Descriptions of the way work is to be done

What are policies?

• A short, specific written statement of the reason a business exists and what it wants to achieve

• A precise statement of results the business expects to achieve

• Guidelines used in making consistent decisions

• Descriptions of the way work is to be done

What is an organization chart?

• A diagram that shows the structure of an organization

• A business plan that divides a company into different departments run by different managers

• A chart that shows how a business is structured and who is in charge of whom

• An organizational structure in which managers at the top of the line are in charge of those beneath them

What is line authority?

• A diagram that shows the structure of an organization

• An organizational structure in which managers at the top of the line are in charge of those beneath them

• An organization that puts authority in one place, with top management

• An organization that gives authority to a number of different managers to run their own departments

Who are operational managers?

• Managers responsible for setting goals and planning the future for a company

• Managers who carry out the decisions of top management and oversee specific departments

• Managers who are responsible for the daily operations of a business, such as supervision and office managers

• Managers who are responsible for the daily operations of a business, such as marketing and sales managers

an organization that gives authority to a number of different mangers to run their own departments.

• Centralized Organization

• Decentralized Organization

• Departmentalization

• Management Plan

an organization that puts authority in one place, with top management.

• Centralized Organization

• Decentralized Organization

• Departmentalization

• Management Plan

dividing responsibilities in an organization among specific units or departments.

• Centralized Organization

• Decentralized Organization

• Departmentalization

• Management Plan

a business plan that divides a company into different departments run by different managers.

• Procedures

• Line Authority

• Departmentalization

• Management Plan

descriptions of the way work is to be done

• Procedures

• Line Authority

• Departmentalization

• Management Plan