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USF Business Essential Worksheet

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Answer the following questions:

Chapter 5:

1) Questions for Review, 5-1 to 5-4

Chapter 6:

1) Questions for review: 6-1 to 6-4

QUESTIONS FOR REVIEW – CHAPTER 5.

5-1. Describe the roles and responsibilities of top, middle, and first-line managers.

5-2. What are the four main purposes of setting goals in an organization?

5-3. Identify and explain the three basic steps in strategy formulation.

5-4. What is corporate culture? How is it formed? How is it sustained? How does it relate to the corporate mission and vision?

QUESTIONS FOR REVIEW – CHAPTER 6.

6-1. Describe the five basic forms of departmentalization. Give examples of each.

6-2. What are the advantages and disadvantages of a decentralized organizational structure?

6-3. What is the difference between responsibility and authority?

6-4Why do some managers have difficulties in delegating authority? Of these reasons, which do you think would be the most significant issue for you?

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