Concept Of Utility Flashcards

1
Q

Organizational design

A

The process of structuring a business’s people, information, and technology to enable the business to achieve its goals and be successful

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2
Q

Innovation

A

The creation or discovery of something new

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3
Q

Authority

A

The formally granted ability of an individual to make decisions, pursue goals, and obtain the resources necessary to support those decisions and goals

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4
Q

Line authority

A

The formal, direct authority that affects a business’s day-to-day operations

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5
Q

Staff authority

A

Advisory authority and often does not include the right to actually make decisions or take action

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6
Q

Responsibility

A

Having a duty to get a job done

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7
Q

Delegation

A

Assigning tasks to subordinates

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8
Q

Division of labor

A

Separating a big job into several smaller tasks

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9
Q

Unity of command

A

No employee should have to report to more than one manager or supervisor

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10
Q

The scalar principle

A

Creating authority that flows into a clear, continuous line

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11
Q

Chain/Line of command

A

The flow of authority within an organization

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12
Q

span of control / span of management

A

How many workers are managed by one supervisor

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13
Q

Functional structure

A

Each unit or department within the organization has its own set of responsibilities and activities

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14
Q

Divisional structure

A

The organization is broken down into units

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15
Q

Matrix structure

A

Combines the functional structure and the divisional structure. Authority flows both down and across the organization

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16
Q

Lateral relations

A

The amount of teamwork included in any type of organizational design

17
Q

Profit motive

A

The desire to make a profit

18
Q

Tariffs

A

Extra taxes on imported products