ENTREPRENEURSHIP

Detailed explanation-1: -Informal structures are more flexible than formal structures. Informal structures usually exist in small businesses.-Most managers begin their career in an entry-level job. Most people enter the job market in an entry-level job.

Detailed explanation-2: -A small business can use one of three primary organization structure options: functional, divisional or matrix. Essentially, the organizational structure creates a business hierarchy to increase the efficiency and effectiveness of the business operations.

Detailed explanation-3: -The functional reporting structure is one of the most common types of org structures. It groups employees together based on their function, or role, within the organization. For instance, the sales team works in one department, the IT team in another and the finance team works in a third group.

Detailed explanation-4: -Informal organization in a company develops because employees interact with each other. For example, they are not one hundred percent discussing work. Instead, they may associate with each other socially. For example, they may form small groups because they have a common interest, such as a hobby.