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Questions and Answers
What is the meaning of business organisation?
What is the meaning of business organisation?
- Ensuring equal distribution of profits among members
- Coordinating work among members to achieve business objectives (correct)
- Creating a competitive environment within a business
- Managing individual tasks in a business
What is a feature of informal organisation?
What is a feature of informal organisation?
- It follows a predefined structure
- It is based on official authority
- It is based on personal relationships (correct)
- It is documented in company policies
What are the advantages of formal organisation?
What are the advantages of formal organisation?
- Clear authority and responsibility (correct)
- Flexibility in operations
- Enhanced communication
- Quick adaptation to change
What are the requisites of an efficient business organisation?
What are the requisites of an efficient business organisation?
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What does organisation establish among people in an enterprise?
What does organisation establish among people in an enterprise?
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