BUISENESS MANAGEMENT
BUSINESS STRUCTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Roles and Responsibilities
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Form of Business Organization
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Organizational Structure
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Salary Requirements
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Detailed explanation-1: -An organizational structure, also known as “organogram structure” or “org structure, ” outlines the hierarchy within an organization and describes the roles, responsibilities and lines of command that exist to achieve the organization’s business goals.
Detailed explanation-2: -A hierarchical structure is typical for larger businesses and organisations. It relies on having different levels of authority with a chain of command connecting multiple management levels within the organisation. The decision-making process is typically formal and flows from the top down.
Detailed explanation-3: -An organizational chart graphically represents an organization’s structure, highlighting the different jobs, departments, and responsibilities that connect the company’s employees to each other and to the management team.
Detailed explanation-4: -Organizational structure is a system used to define a hierarchy within an organization. It identifies each job, its function and where it reports to within the organization.