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What Are the Advantages and Disadvantages of a Functional Structure

question 37

Essay

What are the advantages and disadvantages of a functional structure? Compare them with those of a divisional structure.


Definitions:

Employed Workers

Individuals in the workforce who have secured employment and are currently working.

Unemployment Rate

The unemployment rate measures the percentage of the labor force that is jobless and actively seeking employment.

Cyclical Unemployment

A form of unemployment that occurs when there is not enough aggregate demand in the economy to provide jobs for everyone who wants to work.

Unemployment Insurance

A government program that provides financial assistance to unemployed workers who meet certain eligibility requirements.

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