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What is organizational structure?*a) The annual financial report of a companyb) The framework that defines how an organization is designed and organizedc) The marketing strategy of a businessd) The company's mission statement

Question

What is organizational structure?*a) The annual financial report of a companyb) The framework that defines how an organization is designed and organizedc) The marketing strategy of a businessd) The company's mission statement

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Solution

The correct answer is b) The framework that defines how an organization is designed and organized. Organizational structure refers to the way in which a company arranges its employees and jobs so that its work can be performed and its goals can be met. This structure can be outlined in an organizational chart.

Similar Questions

What is an organizational structure? How does it develop?

What is organizational structure?Answer choicesSelect only one optionREVISITThe way an organization arranges its employees and tasksThe physical layout of office spacesThe company's financial statementsThe color scheme used in the office

What do you understand by Organization? Briefly explain the differenttypes of Organizational Structure.

Which type of organizational structure groups employees by the functions they perform, such as marketing, finance, and production?*a) Matrix Structureb) Divisional Structurec) Functional Structured) Network Structure

The 3 components of Organizational structure are:Complexity, formalization, and coordinationHorizontal, vertical, and spatialComplexity, formalization, and centralizationBoth A and B

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