What is the primary purpose of an organizational chart?

• To outline the project timeline

• To display the company's marketing strategy

• To show the financial status of a company

• To illustrate the reporting structure and division of labor

What does 'authority' in an organization refer to?

• The ability to manage finances

• The legitimate right to make decisions

• The power to hire and fire employees

• The skill to negotiate contracts

Which organizational structure is characterized by dual reporting relationships?

• Traditional Management Organization

• Matrix Organization

• Functional Organization

• Flat Organization

What is a key advantage of a functional organization?

• Less effective monitoring of the environment

• Higher levels of employee turnover

• Greater opportunity for specialized training

• Increased complexity in decision-making

In a matrix organization, who is responsible for overall project coordination?

• The Functional Manager

• The Project Manager

• The Board of Directors

• The Chief Executive Officer

What is the lowest level of a Work Breakdown Structure (WBS)?

• Task

• Milestone

• Activity

• Deliverable

What does WBS stand for?

• Work Breakdown Structure

• Work Breakdown System

• Work Budget Summary

• Work Base Strategy

What is the first step in organizing a project?

• Selecting team members

• Creating a Work Breakdown Structure

• Establishing a project timeline

• Developing a project budget

What is a key component of a project work plan?

• Employee performance reviews

• Project marketing strategy

• Project organizational chart

• Company financial reports

What is the purpose of the Critical Path Method (CPM)?

• To evaluate employee performance

• To assess market trends

• To schedule project activities

• To manage project costs