INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The functional structure consists of the finance department, human resource department and marketing department.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A functional structure is a type of business structure that organizes a company into different departments based on areas of expertise. These departments serve as functional units and are overseen by functional managers or department heads.
Detailed explanation-2: -The four types of organizational structures are functional, multi-divisional, flat, and matrix structures. Others include circular, team-based, and network structures.
Detailed explanation-3: -Functional structure. Functional structure positions each department so that employees report directly to managers within their functional area who in turn report to a chief officer of the organization.
There is 1 question to complete.