1. Running a small company does not require a constant evaluation of risk-versus
ID: 351687 • Letter: 1
Question
1. Running a small company does not require a constant evaluation of risk-versus-reward scenarios. t or f
2. Understanding organization charts can be beneficial to supervisors because it helps them to:
A.closely monitor the task performance of employees.
B. figure out where opportunities for future promotions lie.
C. determine who needs training and what plans to implement.
D. assign tasks and responsibilities to new comers.
3.Departmentalization refers to:
A.categorizing employees based on their qualifications.
B.setting up divisions in an organization.
C.standardizing procedures for all departments.
D.creating a hierarchy of different levels in an organization.
Explanation / Answer
1. Risk versus reward means higher the risk taken, higher is the reward in return. Even for running a small company, a constant evaluation is required for risk versus reward scenarios. So this is False
2. Here the right answer is A)closely monitor the task performance of employees
Understanding an organization chart helps in delegating work effectively and it gives a better idea of heirarchy
3. Departmentalization refers to B) setting up divisions in an organization. It refers to organizing a company into different departments based on the respective functions it perform.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.