GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
work is structured around main business functions
|
|
|
work is structured around specific projects
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -A functional organizational structure is a common type of business structure that organizes a company into different departments based on areas of expertise, grouping employees by specialty, skill or related roles.
Detailed explanation-2: -The functional organizational structure helps organizations run their business and earn a profit by grouping employees based on their skills and expertise. It provides a clear hierarchy and minimizes confusion among employees who may be unsure who they are to report to.
Detailed explanation-3: -The three main organizational structures are Hierarchical, Sequential, and Matrix.
Detailed explanation-4: -A great example of this is Amazon’s corporate structure. The functional organization structure is ideal for a business that deals primarily with operations, such as e-commerce, logistics, or manufacturing, where specialist employees fill skilled roles.