Unit 8 Review Quiz

What does 'Comply' mean?

• to introduce a problem

• to do what you've been asked

• to relocate

• to ask for clarification

Companies with a .... structure have most power at the center.

• centralized

• decentralized

• hierarchical

• flat

What does 'Switch' mean?

• continue

• change

• report

• stop

The ATP strategy is designed to ...... Saudi Aramco.

• reduce

• divide

• transform

• eliminate

Upstream activities include...

• drilling

• refining

• distribution

• marketing

Upstream and Downstream are examples of...

• parent companies

• business lines

• subsidiaries

• executives

Executives are...

• junior employees

• temporary workers

• mid-level managers

• senior managers

A decentralized structure...

• spreads authority

• concentrates authority

• eliminates authority

• ignores authority

A hierarchical system has...

• no layers

• few layers

• many layers

• equal layers

A joint venture is...

• a company owned by a parent company

• a senior manager

• a partnership between two companies

• a section of a business