BUISENESS MANAGEMENT
BUSINESS STRUCTURE
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An informal group
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A span of people
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A committee
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An organization
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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.