Company Structure and Roles

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Questions and Answers

What is the primary role of the Chief Financial Officer (CFO)?

Handle public relations

Lead the research and development team

Manage the company's money and financial plans (correct)

Oversee company marketing efforts

The Chairman of the Board is responsible for daily operations of the company.

False

What is the role of Human Resources (HR) in a company?

Handles hiring, training, and employee care

The _____ person is in charge of the board of directors.

Chairman Signup and view all the answers

Match the following roles with their responsibilities:

Managing Director (MD) = Runs the whole company Marketing = Promotes products Public Relations (PR) = Handles communication with the public Research and Development (R&D) = Creates or improves products Signup and view all the answers

What does the term 'Hierarchy' refer to in a company?

The organization showing who is in charge of whom Signup and view all the answers

Senior Managers are responsible for smaller teams or tasks.

False Signup and view all the answers

What is the purpose of an Annual General Meeting (AGM)?

To discuss the company's progress with shareholders Signup and view all the answers

What is the main responsibility of the Board of Directors?

Guiding the company and making high-level decisions Signup and view all the answers

The Managing Director (MD) and Chief Financial Officer (CFO) are the same position.

False Signup and view all the answers

What role does Public Relations (PR) play in a company?

Handles communication with the public and maintains the company's image. Signup and view all the answers

The _________ is responsible for ensuring that products are delivered to customers.

Distribution department Signup and view all the answers

Match the following roles with their descriptions:

Junior Manager = In charge of smaller teams or tasks Senior Manager = Oversees important areas of the company Chairperson = Leads meetings of the Board of Directors Customer Accounts = Manages relationships with customers Signup and view all the answers

What is the primary function of the Human Resources (HR) department?

Hiring, training, and caring for employees Signup and view all the answers

The President of a company is always the same as the Chairman of the Board.

False Signup and view all the answers

What does 'To Head' a department mean?

To be in charge of a team or department. Signup and view all the answers

Study Notes

Company Structure and Roles

Shareholder: Owns part of a company by buying shares.
Management: People in charge of running a company.
Board of Directors: Group guiding the company and making decisions.
Workforce: All the people working in a company.
Hierarchy: The company organizational structure showing who's in charge.
Chairman/Chairwoman/Chairperson: Leads the board of directors.
President: Top company leader, sometimes the same as CEO.
Managing Director (MD)/Chief Executive Officer (CEO): Runs the whole company.
Senior Manager: Manages important company areas.
Junior Manager: Manages smaller teams or tasks.
Middle Manager: Manages between junior and senior levels, handling strategy and operations.
Chief Financial Officer (CFO): Manages company finances.
Public Relations (PR): Manages public image and communication.
Human Resources (HR): Handles employee hiring, training, and care.
Research and Development (R&D): Creates and improves products.
Marketing: Promotes products and attracts customers.
Personnel: Older term for Human Resources.
Customer Accounts: Manages customer relationships.
Buying/Purchasing: Acquires needed materials for the company.
Distribution: Ensures products reach customers.

Operations and Management

Maintenance: Fixes and cares for equipment and buildings.
Packaging: Prepares products for sale.
Advertising: Promotes products.
After-Sales: Supports customers after purchase.
To Head: In charge of a team or department.
To Be Responsible For: Taking care of something.
Policy: A set of rules for how to do things.
To Appoint: To give someone a job or role.
The Day-to-Day Running/Management: Daily operation of a company.
Annual General Meeting (AGM): Yearly meeting with shareholders.
A Division: Part of a company focusing on one work or product type.

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Description

This quiz explores the various roles and structures within a company, including shareholders, management, and different types of managers. Understand the hierarchy and responsibilities of each position to better navigate the corporate environment.