BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -1 Answer. Groups created by managerial decision in order to accomplish stated goals of the organization are called formal groups.

Detailed explanation-2: -Formal Group. Informal Group. Meaning. Groups created by the organization, for the purpose of accomplishing a specific task are known as Formal Groups. Groups created by the employees themselves, for their own sake are known as Informal Groups.

Detailed explanation-3: -A formal group is a designated work group, one that is defined by an organization based on its hierarchical structure, with designated tasks related to its function. In the workplace, that might be the finance group or the human resources group.

Detailed explanation-4: -Formal groups are formulated when two or more members of an organization are assembled by the management with the purpose of achieving a specific goal. Informal groups are formed by two or more members with the purpose of satisfying their personal and psychological needs.

Detailed explanation-5: -any group that is deliberately formed by its members or an external authority for some purpose. Unlike an accidental group, a formal group is likely to use explicit terms to define its membership criteria, operating procedures, role structure, and goals. Also called planned group.