the local&international business environment of the firm // forms of business organizations

Question 1

a collection of people working together to achieve a common purpose

Answer 1

organization

Question 2

a collection of people working together to achieve a common purpose in relation to their organization’s mission, vision, goals, and objectives, sharing a common organizational culture

Answer 2

business organization

Question 3

the set of beliefs and values shared by organization members which guide them as they work together to achieve their common purpose

Answer 3

organizational culture

Question 4

is an individual’s ability to favorably receive and adjust to an unfamiliar way of doing things.

Answer 4

cultural intelligence

Question 5

an anthropologist, as cited by Schermerhorn (2008), noted that the way people approach and deal with time varies across cultures.

Answer 5

Edward T. Hall

Question 6

refer to cultures wherein people tend to do one thing at a time. These cultures emphasize punctuality and sticking to set rules.

Answer 6

monochronic culture

Question 7

are more flexible as regards time; accomplishing many different things at once is also common for these cultures.

Answer 7

polychromic cultures

Question 8

enumerate the five cultural dimensions

Answer 8

power distance
uncertainty avoidance
individualism -- collectivism
masculinity -- femininity
time orientation

Question 9

the degree to which a society values assertiveness and feelings of material success versus concern for relationships.

Answer 9

masculinity – femininity

Question 10

the degree to which society is uncomfortable with risk, change, and situational uncertainty.

Answer 10

uncertainty avoidance

Question 11

the degree to which a society emphasizes short – term thinking versus greater concern for the future or long – term thinking.

Answer 11

time orientation

Question 12

the degree to which a society accepts or rejects the unequal distribution of power among people in organizations and the institutions of society.

Answer 12

power distance

Question 13

the degree to which a society emphasizes individual accomplishments versus collective accomplishments.

Answer 13

individualism – collectivism

Question 14

enumerate the changing forms of business organizations

Answer 14

simple business organization
functional business organization
divisional business organization
profit business organization
non profit business organization
open/flexible business organization

Question 15

business organizations that group together those with similar or related specialized duties that introduce the concept of delegation of authority to functional managers

Answer 15

functional business organization

Question 16

business organizations designed for the purpose of achieving their organizations’ mission, vision, goals, and objectives and maintaining their organizational stability through income generation and profit –making activities.

Answer 16

profit business organization

Question 17

business organizations with few departments, centralized authority with a wide span of control, and with few formal rules and regulations. these are also easy to manage.

Answer 17

simple business organization

Question 18

business organizations made up of separate business units that are semiautonomous or semi independent, with a division head responsible for his or her unit’s
performance.

Answer 18

divisional business organization

Question 19

business organizations designed for the purpose of achieving their organizations’ mission, vision, goals, and objectives, providing service to clients without expecting monetary gains or financial benefits for their endeavors.

Answer 19

non profit business organization

Question 20

formed to meet today’s changing work environment. These affect and are affected by the environment and change, therefore, becomes inevitable

Answer 20

open/flexible business organization

Question 21

in matrix business organization, it exhibits dual reporting relationships in which manager report to two superiors. the ________ and the _________

Answer 21

functional manager and divisional manager