Questions before exam Flashcards
(53 cards)
What are the Mintzburg building blocks? (6)
Ideology
Strategic apex
Middle line
Operating core
Technostructure
Support staff
What are the 5 Mintzburg co-ordinating mechanisms for the building blocks?
- Direct supervision
- Standardisation of work
- Standardisation of output
- Standardisation of skills
- Mutual adjustment
What are the basic principles of an organisational structure?
- Division of work
- Scalar chain
- Correspondance of authority and responsibility
- Appropriate centralisation
- Unit of command
- Unity of direction
- Equity
What do all organisations have in common?
Pursuing controlled performance
What is the role of a resource investigator
Adds to other peoples ideas?
What is the role of a monitor evaluator
Criticises other peoples ideas
What is the role of a plant in a group
thought provoker
Meryl Ltd is a relatively new company operating in a complex and ever-changing environment. It offers high technology project management expertise to the construction industry. The company has five senior managers who are functional specialists, alongside whom work project managers, each responsible at any one time for a specific contract.
What would Meryl Ltd be classed as:
An adhocracy
A machine bureaucracy
divisionalised
a professional bureaucracy
adhocracy
What are the co-ordinating mechanisms of the six building blocks of an organisation according to Mintzburg
- Division of work
- Standardisation of output
- Standardisation of skills
- Standardisation of work
- Mutual adjustment
does a company have unlimited liability for its own unpaid debts?
Yes
Princeton Ltd is a large, multi-site business. There is a small head office function based just outside London, with authority for day-to-day decision-making delegated to local site managers based at numerous locations throughout the UK.
The company is, therefore, least likely to experience which TWO of the following advantages?
✓Greater development of skill levels in junior management
✓Greater levels of functional co-ordination
✓Greater customer orientation
✓Greater potential for cost savings
✓Greater levels of responsiveness
Greater levels of functional co-ordination
Greater potential for cost savings
A decentralised business, HQ in London, managers regional.
Three advantages of this
- Greater levels of training for junior staff
- Better customer orientation
- Better responsiveness
Three matrices for undertaking internal analysis
- value chain analysis
- product life cyle
- BCG matrix
What is an example of unstructured data
Text messages
Photos from social media
What is an example of structured data
medical records
Is the BCG matrix used for internal or external analysis
internal analysis, typically on a business’ products
Sesame is employed within the finance function. She works on determining the precise unit cost of a range of products and also prepares reports on variances from the standard cost per unit that she has calculated.
She is employed in its
Financial reporting section
Management accounting section
Treasury management section
Financial transaction recording section
Management accounting
Which two may be discounted by an exporter so that payment from a customer is received early?
A letter of credit issued by the customer’s bank
A crossed cheque drawn by the customer
A bill of exchange drawn by the customer’s bank
A letter of credit issued by the exporter’s bank
A bill of exchange drawn by the customer
A letter of credit issued by the customers bank
A bill of exchange drawn by the customer
If something is both economic and effective, then it is…?
efficient
To qualify to do an audit on financial statements, must a person comply with the requirement to “exercise professional competence and due care”
no, as that is an ethical principle.
they must be a member of a recognised supervisory body and hold an appropriate qualification, as well as be independent
when setting out the penalties for employees who do not act ethically, is this to be mentioned in the corporate code of ethics?
No, it goes in HR policy or employment contracts
Apparently you need to tell the world AT LARGE what your striving to achieve in terms of ethical conduct, is this true?
Yes, TRUE.
long term bank loans, low or high risk and low or high return?
low risk, low return
what is the internet of things?
a system of interrelated computing devices, mechanical and digital machines or objects with the ability to transfer data over a network wihtout requiring human to human computer interaction.
Along the lines of, computing machines communicating to eachother without the need for humans to interact with thse computers.
An example is of a black box monitoring a persons driving
