MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS STRUCTURE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Not part of the formal organization structure but can add or take away value from the firm
A
An informal group
B
A span of people
C
A committee
D
An organization
Explanation: 

Detailed explanation-1: -Families, groups of friends, and ethnic groups are not formal organizations because they do not have these features.

Detailed explanation-2: -Formal Organization is an organisation in which job of each member is clearly defined, whose authority, responsibility and accountability are fixed. Informal Organization is formed within the formal organisation as a network of interpersonal relationship when people interact with each other.

Detailed explanation-3: -The standard of employee behaviour that evolves from group norms is not a feature of formal organisation.

Detailed explanation-4: -The following are the shared characteristics of formal organizations: Division of labor and related hierarchy of power and authority. Documented and shared policies, practices, and goals. People act together to achieve a shared goal, not individually.

There is 1 question to complete.