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Question
Which of the following is one of the two conditions that lead to a moral hazard problem?
A) the principal possesses more information than the agent
B) the agent has an incentive to pursue goals and objectives that are different from the principal's
C) the principal acts in his own best interest, as opposed to the interests of the other stakeholders
D) the agent is given the authority to allocate scarce organizational resources
Answer
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Related questions
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A) a tall hierarchy
B) low integration
C) fixed product teams
D) vague authority relationships
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Which of the following is a disadvantage of the matrix structure?
A) lack of concern for cost
B) possibility of a role conflict
C) decreased ability of the organization to respond quickly to changing customer needs
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Explain the advantages of the computer-integrated manufacturing (CIM) technique.
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Explain the characteristics of mediating technology as described by Thompson.
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Which of the following types of production technologies, as identified by Joan Woodward, scores lowest on the dimension of technical complexity?
A) continuous-process technology
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According to Joan Woodward, the ________ of a production process is a measure of the extent to which a production process can be programmed so that it can be controlled and made predictable.
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________ is the technology that involves groups of skilled workers who interact closely to produce custom-designed products.
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The interactions of the members of a surgical operating team, the cooperative efforts of scientists in a research and development laboratory, and techniques developed by assembly-line workers are all examples of competences and technology at the ________ level.
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A computer-integrated manufacturing system eliminates the need to retool machines physically.
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Intensive technology is less expensive to manage than either mediating or long-linked technology.
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Mass production technology is based on sequential task interdependence.
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Mediating technology at the organizational level is also found in organizations that use franchise arrangements to organize their businesses.
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Task variability is low when a task is highly standardized or repetitious so a worker encounters the same situation time and time again.
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The conversion process that results from small-batch and unit technology tends to be flexible.
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Technology is used at all three stages in the value creation process: input, conversion, and output.
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The strategy of ________ involves an organization entering a new domain in which it can use one or more of its existing core competences to create a low-cost or differentiated competitive advantage in that new domain.
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According to ________ theory, an organization's design should permit each function to develop a structure that suits its human and technical resources.
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B) organizational resource
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Business-level strategy is the responsibility of the top-management team.