GENERAL KNOWLEDGE

Detailed explanation-1: -Functional organization groups people with comparable skills and tasks; divisional organization creates a structure composed of self-contained units based on product, customer, process, or geographical division. Forms of organizational division are often combined.

Detailed explanation-2: -Divisional. In a divisional structure, people are grouped together based on the product or service they provide, not the work they do. For example, a large corporation such as General Electric has divisions for electronics, transportation, and aviation, each with its own team of accountants, marketers, etc.

Detailed explanation-3: -Business unit A self-contained division (with its own functions—for example, finance, purchasing, production, and marketing departments) that provides a product or service for a particular market.

Detailed explanation-4: -A functional structure groups employees based on specializations, like having all accountants in the accounting or revenue department. A divisional structure groups them across product or service lines, like having a marketing department for each individual product.

Detailed explanation-5: -Divisions are created, in functional structures, as self-contained units with separate functional departments for each division.