BUISENESS MANAGEMENT
BUSINESS STRUCTURE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
An accountancy firm with two partners and ten employees
|
|
|
A mobile hairdressing business with two employees
|
|
|
A sole trader plumber who works alone
|
|
|
A chocolate manufacturer with 250 employees
|
Detailed explanation-1: -What is a Hierarchical Organizational Structure? A hierarchical organizational structure contains a direct chain of command from the top of the organization to the bottom. Senior management makes all critical decisions, which are then passed down through subsidiary levels of management.
Detailed explanation-2: -3 levels of management in organizational hierarchy; (1) Top-level, (2) middle-level, and (3) lower level. Top-level managers are responsible for setting organizational goals.
Detailed explanation-3: -The flat organization has few management levels, so the managers hold more authorities than the tall organization. It is sometimes known as the self-managed organization as all the employees in the organization is responsible for their roles and responsibilities.
Detailed explanation-4: -A centralised structure is where business decisions are made at the top of the business or in a head office and distributed down the chain of command . It is often used in retail chains.