There Are Six Basic Building Blocks That Managers Can Use

question 101

Short Answer

There are six basic building blocks that managers can use in constructing an organization: designing jobs,grouping jobs,establishing reporting relationships between jobs,distributing authority among jobs,coordinating activities among jobs,and ____________________.

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Definitions:

License

A legal authorization allowing an individual or entity to use a piece of property or engage in a particular activity or business.

Decentralized Company

A decentralized company allows for decision-making authority to be distributed among various levels within the organization rather than being concentrated at the top.

Decision Making

Choosing among alternative actions; a component inherent in the other management processes of planning, directing, controlling, and improving.

Negotiated Price Approach

An approach to transfer pricing that allows managers of decentralized units to agree (negotiate) among themselves as to the transfer price.