Question: 1 . Future Innovations is setting up a new establishment in the Demerara County. In order to satisfy the needs of its target market, employees

1. Future Innovations is setting up a new establishment in the Demerara County. In order to satisfy the needs of its target market, employees and management several needs have to be catered to. Which of the following would not be a need of management.a) Is the authority-responsibility relationship clear?b)Are personnel procedures clearly defined?c) Can each manager properly supervise all the workers reporting to them?d) Are all levels of operation properly developed? 2. Which of the following tasks in a distribution channel is key to ensuring products match customer expectations and maintain profitability?A) Shipping merchandise to the retailerB) Setting prices and marking merchandiseC) Facilities maintenanceD) Gift wrapping 3. A retail manager needs to allocate tasks regarding consumer credit in his retail outlets. He would like to ensure that he allocates in the most efficient way. Based on the objective of the manager, which of the following criteria should be given first priority when the manager allocates tasks involving consumer credit?a) Assessing the popularity of the task among competitors to stay competitiveb) Evaluating the cost of outsourcing the task to minimize expensesc) Measuring the dimension of the retailer's building to decide on whether the task could be accomplishedd) Analyzing the number of competitors in the market, to determine task significance.
4. What is an advantage of specialization in grouping tasks into jobs?a) Increased employee moraleb) Lack of awareness of job importancec) Need for less employeesd) Reduced training needs.
5. The. Method of job classification places store based personnel under the direct supervision of the branch managers. A) Product Classification B) Functional Classification C) Geographic Classification D) Combination Classification
6. A retail firm is developing an organizational chart. The leaders want to ensure clear accountability and decision-making authority for each position. Which of the following is NOT a key consideration in developing the organization chart?A) Defining accountability and decision-making authority for each positionB) Determining the span of control for each position C) Establishing lateral relationships between positions D) Ignoring alignment of individual employee goals with organizational goals 7. Sarah is opening a small independent bookstore. She currently has two part-time employees to help with sales and stocking shelves. Which of the following organizational structures is MOST likely to be effective for Sarah's bookstore?A) A tall structure with multiple management levelsB) A flat structure with employees reporting directly to SarahC) A franchise model with established operational guidelinesD) A partnership structure with shared ownership and decision-making 8. Department store chain, "Trendy Threads," is rapidly expanding across the country. They currently operate under a centralized Mazur Plan where all buying and merchandising decisions are made at headquarters. However, with the growing number of branches, there's a concern that a one-size-fits-all approach might not cater to regional customer preferences.Which variation of the Mazur Plan would be the MOST appropriate for Trendy Threads moving forward? A. Main Store Control: Maintain centralized control to ensure brand consistency. B. Separate Store Organization: Empower branches to tailor merchandise to local tastes. C. Equal Store Organization: Establish a collaborative decision-making process. D. A combination of A and C: Centralized control with some local input on merchandising.
9. What is a characteristic of the organizational structure commonly used by chain retailers?A. Decentralized authorityB. Limited Functional DivisionsC. Centralized overall authorityD. Minimal standardization
10. Trendy Tees is a national clothing chain known for its youthful and trendy apparel. They recently acquired a small boutique chain with a loyal customer base that appreciates unique, locally-designed clothing. Trendy Tees wants to integrate the boutiques into their existing structure while allowing them to maintain their unique appeal. Which of the following organizational arrangements would be MOST suitable for Trendy Tees in this situation?**A. Strict Centralized Model: All buying and merchandising decisions are made by the headquarters, ensuring brand consistency across all stores, including the boutiques.B. Full Decentralization: Boutique managers have complete autonomy over buying, merchandising, and marketing decisions for their stores.C. Standardized Operations with Decentralized Product Selection: Trendy Tees dictates store layout, fixtures, and overall operations, but allows boutique managers to curate a selection of locally-designed clothing alongside the standard Trendy Tees lines.D. Functional Structure with Regional Teams: Separate buying teams for different product categories (t-shirts, jeans, etc.) handle all stores, including the boutiques.

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