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.

    <p>Chairman</p> Signup and view all the answers

    Match the following roles with their responsibilities:

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

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

    <p>The organization showing who is in charge of whom</p> Signup and view all the answers

    Senior Managers are responsible for smaller teams or tasks.

    <p>False</p> Signup and view all the answers

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

    <p>To discuss the company's progress with shareholders</p> Signup and view all the answers

    What is the main responsibility of the Board of Directors?

    <p>Guiding the company and making high-level decisions</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

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

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

    <p>Distribution department</p> Signup and view all the answers

    Match the following roles with their descriptions:

    <p>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</p> Signup and view all the answers

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

    <p>Hiring, training, and caring for employees</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

    What does 'To Head' a department mean?

    <p>To be in charge of a team or department.</p> 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.

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