Organizational Structure

question 31

Multiple Choice

Organizational structure

• A)Refers to the way that an organization formally arranges its various domestic and international units and activities,and the relationships among these organizational components.
• B)Helps to determine where formal power and authority will be located within the organization.
• C)Is primarily created and evolved by senior management.
• D)Refers to ways an organization arranges its various domestic and international units and activities,and the relationships among these.It helps determine where formal power will be located and is created and evolved by senior management.
• E)Helps determine direct investment plans for the entire fiscal within the organization. Organizational structure refers to the way an organization formally arranges its various domestic and international units and activities,and the relationships among these.It also helps determine where formal power and authority will be located and is primarily created and evolved by senior management.

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Definitions:

Manage the Business

The process of overseeing and making decisions about the operations, finances, and strategy of a business to ensure its success and sustainability.

Three Partners

Refers to a business structure where three individuals engage in a partnership to conduct business together.

Single Person

An individual not currently in a legal marriage or similar partnership; also refers to entities or businesses owned by one person.

Business for Profit

An organization or enterprise engaged in commercial, industrial, or professional activities with the objective of generating earnings.