A group of accountants in an organization share related tasks, but do not collaborate with eachother or share information as part of their work. Their status is determined by organizationalstructure and object. What type of group are they? O Formal Group O Work Group O FixaredGroup O Informal Group

A director balancing the interactions between individuals, groups, and structures in a workplace is…

Answered: A group of accountants in an…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Researching your family history has become easier than ever thanks to companies like Ancestry, but to develop detailed family trees, human labor is still required. In fact, Ancestry employs more than 1,000 employees. In addition to employees focused on software, data storage, and data science, the work of the organization also requires content acquisition and management, indexing, analyzing, and transcribing historical records, digitizing documents, sourcing information, entering data into the software, analyzing DNA results, assessing validity of tests, educating clients on genealogy, and communications like the development of tutorials. Consider, for instance, Crista Cowan, a professional genealogist at Ancestry.com. She said, “As a genealogist, I spend the majority of my time researching, both online and offline in libraries, archives and courthouses that hold documents yet to be digitized and placed online. I also spend time analyzing and transcribing records and crafting source…
There are four (4) components of an organization (task, people, structure and technology), in your line of work which of these components is more important to you in managing the affairs of your office. Justify your answer.
What are the main changes that an individual anticipates needing to make while writing their contribution to a group's formal report? What is the best piece of advice that an individual can give to members of other groups about working collaboratively?
In business, if you don’t have data to back up your point of view… You’re winging it You’re reckless You’re just another person with an opinion You’re unlikely to make consistently good decisions All of the above
True or False An aircraft manufacturer restructured its business departments to have one department for its government customers and one department for its corporate customers. This is an example of departmentalization by customer. If the span of management is wide, fewer levels are needed in the organization and the organization is flat. The network structure is an organizational structure in which administration is the primary functon and many, if not, most other functions are contracted out to other firms. An organization's corporate culture may have a powerful influence on how employees think and act and it can also determine public perception of the organization.
Workers in flatter organization perform a much wider variety of tasks than those in taller organization. True or False
If an organizational manual exists, a description of the division of work and the positions shown on the organization chart will be given in the manual or will be located on the company's intranet.
Coordination is the linchpin that holds together the intricate workings of organizations and teams, allowing them to function harmoniously toward common goals. It involves the integration of individual efforts, resources, and activities to achieve synergy and optimize collective performance. Effective coordination ensures that various components operate in concert, minimizing redundancies and maximizing efficiency. It requires clear communication channels, a shared understanding of objectives, and a responsive framework to adapt to changing circumstances. Coordination is particularly vital in complex projects, where diverse tasks and responsibilities must align seamlessly. A lack of coordination can lead to bottlenecks, delays, and inefficiencies, hindering the overall productivity and success of a group or organization. Successful coordination demands not only effective communication but also a strategic approach to resource allocation, task delegation, and problem-solving. Option:…
Under stakeholder theory, a decision with ethical consequences would consider the impact to which stakeholder? O a. O b. Customers a. Shareholders Oc. The local community where the business is located O d. All of the above
Effective management is a multifaceted discipline that encompasses various aspects such as planning, organizing, leading, and controlling to achieve organizational goals efficiently and effectively. Planning involves setting objectives, identifying strategies, and allocating resources to accomplish tasks within specified time frames. Organizing entails structuring roles, responsibilities, and resources to facilitate the execution of plans and achieve synergy among team members. Leadership involves inspiring, motivating, and guiding individuals and teams to perform at their best, fostering a positive work environment conducive to innovation and growth. Control involves monitoring performance, identifying deviations from plans, and implementing corrective actions to ensure alignment with organizational objectives. Additionally, effective management requires strong communication skills to convey information, foster collaboration, and build relationships both internally and externally.…
How having practical wisdom as a part of a company’s formal structure and requirement benefits a company?
Management is the process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively. It involves coordinating the efforts of people to accomplish common objectives and entails various functions such as decision-making, communication, problem-solving, and delegation. Effective management ensures that resources are utilized optimally, tasks are completed on time, and goals are met satisfactorily. Moreover, it plays a crucial role in fostering innovation, motivating employees, and adapting to changing environments to ensure the long-term success of an organization. Question: How does effective management contribute to organizational success, and what are some key functions associated with it?

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