MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS STRUCTURE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
True or False, An employee is likely to be paid more the higher up the heirarchical structure they go?
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -A salary range structure (or salary structure) is a hierarchal group of jobs and salary ranges within an organization. Salary structures often are expressed as pay grades or job grades that reflect the value of a job in the external market and/or the internal value to an organization.

Detailed explanation-2: -clear lines of authority and reporting within the business. a clearer understanding of employee roles and responsibilities. accountability for actions or decisions at different management levels. clear career paths and development prospects which can motivate employees.

Detailed explanation-3: -Hierarchy creates authority and unity An employee’s level of authority is greater the higher they are in the hierarchical structure. Wherever leadership is required, authority is also needed. Authority ensures that everyone under a manager’s command will work towards the organisation’s goals-or face discipline.

Detailed explanation-4: -Companies that operate with a hierarchical structure have clearly defined levels of authority and power. This means that all employees will have their own direct supervisor or manager to whom they report, even managers sitting higher up in the chain of command.

There is 1 question to complete.