WGU D078 - Business Environment Applications I Business Structures
and Legal Environment 100% Verified
Scientific management - ANSWER Organizational theory that analyzes work flows to
improve efficiency, especially labor productivity in manufacturing industries, typically
by focusing on employee selection, training, and testing
Sole proprietorship - ANSWER A sole proprietorship is an unincorporated business
owned by an individual.
stakeholders - ANSWER Individuals or organizations who are recipients of an
organization's legal and ethical obligations
structure - ANSWER An arrangement of components within an organization that helps
determine its mission and channel the behavior of its members
Taxation - ANSWER Taxation is the manner in which the business owner reports profits
and losses on personal tax returns.
Teams - ANSWER Structure most often found in high-tech companies as a newer type
of organizational structure that includes a group of workers, with complementary skills,
all working toward a common goal, such as a specific project
Administrative - ANSWER Organizational theory that focuses on efficiency through
management training and behavioral characteristics with the goal of improving
workplace productivity
Bureaucratic - ANSWER Organizational theory that focuses on rules and regulations
that streamline complicated processes in societies and organizations
, C-level - ANSWER A high level in an organization, the C refers to chief as in chief
executive officer (CEO), chief financial officer (CFO), chief operations officer (COO), and
chief technology officer (CTO)
Centralized - ANSWER Decision-making function lies with a central figure or group,
such as the CEO or board of trustees
Chain of command - ANSWER Hierarchy of control and decision making from superiors
down through subordinates
codify - ANSWER To arrange or organize laws in a systematic fashion
Contingency or situational - ANSWER Organizational theory that emphasizes
managers must have the ability to make adjustments and to adapt how they manage
their organizations contingent upon changing environmental conditions
Corporation - ANSWER A corporation is a legal entity chartered by the state, with a
separate and distinct existence from its owners.
decentralized - ANSWER Decision-making function does not lie with a central figure or
group, but with department managers and other key personnel
Divisional - ANSWER Structure is most often found in consumer products companies,
grouped by organizational function, such as product division (specific make/model of
vehicle) or geographical division (northeast/southwest or North America/South
America)
doing business as - ANSWER Filing as a sole proprietorship under your own name or a
fictitious name.
ethics - ANSWER Moral principles that guide behavior and decisions
Functional or departmental - ANSWER Structure most often found in manufacturing
and Legal Environment 100% Verified
Scientific management - ANSWER Organizational theory that analyzes work flows to
improve efficiency, especially labor productivity in manufacturing industries, typically
by focusing on employee selection, training, and testing
Sole proprietorship - ANSWER A sole proprietorship is an unincorporated business
owned by an individual.
stakeholders - ANSWER Individuals or organizations who are recipients of an
organization's legal and ethical obligations
structure - ANSWER An arrangement of components within an organization that helps
determine its mission and channel the behavior of its members
Taxation - ANSWER Taxation is the manner in which the business owner reports profits
and losses on personal tax returns.
Teams - ANSWER Structure most often found in high-tech companies as a newer type
of organizational structure that includes a group of workers, with complementary skills,
all working toward a common goal, such as a specific project
Administrative - ANSWER Organizational theory that focuses on efficiency through
management training and behavioral characteristics with the goal of improving
workplace productivity
Bureaucratic - ANSWER Organizational theory that focuses on rules and regulations
that streamline complicated processes in societies and organizations
, C-level - ANSWER A high level in an organization, the C refers to chief as in chief
executive officer (CEO), chief financial officer (CFO), chief operations officer (COO), and
chief technology officer (CTO)
Centralized - ANSWER Decision-making function lies with a central figure or group,
such as the CEO or board of trustees
Chain of command - ANSWER Hierarchy of control and decision making from superiors
down through subordinates
codify - ANSWER To arrange or organize laws in a systematic fashion
Contingency or situational - ANSWER Organizational theory that emphasizes
managers must have the ability to make adjustments and to adapt how they manage
their organizations contingent upon changing environmental conditions
Corporation - ANSWER A corporation is a legal entity chartered by the state, with a
separate and distinct existence from its owners.
decentralized - ANSWER Decision-making function does not lie with a central figure or
group, but with department managers and other key personnel
Divisional - ANSWER Structure is most often found in consumer products companies,
grouped by organizational function, such as product division (specific make/model of
vehicle) or geographical division (northeast/southwest or North America/South
America)
doing business as - ANSWER Filing as a sole proprietorship under your own name or a
fictitious name.
ethics - ANSWER Moral principles that guide behavior and decisions
Functional or departmental - ANSWER Structure most often found in manufacturing
