GK
BUSINESS MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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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Detailed explanation-1: -The three major elements that are a part of effective organizing are the division of work, the facilities and working conditions, and the employees. All large businesses are organized into five divisions: operations, marketing, finance, personnel, and production.
Detailed explanation-2: -Organizing is the process of assembling the people, organizing resources, and distributing the planned work necessary to carry out the managers plan.
Detailed explanation-3: -Five elements create an organizational structure: job design, departmentation, delegation, span of control and chain of command. These elements comprise an organizational chart and create the organizational structure itself.
Detailed explanation-4: -In order to be effective, a business plan should always be in writing. Effective planning is less important to the success of a business than other management functions, such as organizing, implementing, and controlling. The results of strategic planning are goals and strategies that guide the entire business.