Question

1) While shopping, Joe sees a coat he likes. Rather than looking for a better deal elsewhere, he buys it. This is an example of satisficing.

True

False

2) Based on the competing values framework, an adhocracy emphasizes efficiency.

True

False

3) Even though Jane has never run a marathon before, and there are over 10,000 women in the race, she feels she has a 95% chance of winning the New York City marathon. This is an example of an overconfidence bias.

True

False

4) ________ is the degree to which a test measures the same thing consistently.

                Accountability

                Reliability

                Validity

                Dependability

                Significance

5) Which type of technology is most closely associated with a mechanistic structure?

                digital

                service

                large-batch

                continuous process production

                small-batch

6) At the Jiffy Computer Company, all of the components used in their computers are built by other firms. Jiffy simply assembles the computer. This is an example of a virtual structure.

True

False

Answer 1

1. True

Satisficing is to obtain adequate or satisfying result rather than looking for an optimal solution. Here Joe has seen a coat and hasn't compared it with any other coats in terms of style, design, colour or price and he decided to buy that without looking for an optimal solution. So, true

2. False

Adhocracy in competing values framework emphasizes on innovation.

3. True

Overconfidence bias is about a person who thinks his sense is much better than others. Here, Jane never won a marathon and having no experience she feels that she can win 10,000 women in the race with 95% probability seem to be overconfidence bias.

4. Reliability

It is the degree to which a tool or test measures the same, each time it got administered.

5. Large batch

The mechanistic structure involves long procedures and management has standardized rules and regulations with a lot of control on department activities. They are less adaptive to change. Large batch technology also has long standardized procedures and controlled production. So it is similar to mechanistic structure

6. True

By definition Virtual organization is the opportunistic alliance formed by different entities having different skills or competencies and work together remotely using emails, phones, skype and other tools. This definition suits the given situation. So, true.