BUSINESS ADMINISTRATION
COMPANY ORGANIZATION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -Organisational structure determines the assignment and coordination of roles, power and responsibilities within a business. It also defines how information flows between the different levels of management. Every business, from a sole trader to the largest company, is organised in a particular way.
Detailed explanation-2: -Organizational structure refers to the models of internal relations of organization, power and relations and reporting, formal communication channels, responsibility and decision making delegation is clarified.
Detailed explanation-3: -An organization structure specifies the various job tasks and shows how the same are formally divided, grouped, and coordinated. It provides an appropriate framework for an authority relationship. It indicates the hierarchy of authority and reporting relationships.
Detailed explanation-4: -Organizational structures are important because they help businesses implement efficient decision-making processes. By assigning specialized roles to lower-level employees, businesses can make better decisions faster.