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 (B)

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 (B)</p> Signup and view all the answers

Senior Managers are responsible for smaller teams or tasks.

<p>False (B)</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 (A)</p> Signup and view all the answers

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

<p>False (B)</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 (D)</p> Signup and view all the answers

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

<p>False (B)</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

Flashcards

Shareholder

Someone who owns part of a company by buying its shares.

Management

The people in charge of running the company.

Board of Directors

A group of people who help guide the company and make big decisions.

Workforce

All the people working in a company.

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Hierarchy

The way a company is organized, showing who is in charge of whom.

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Chairperson

The person in charge of the board of directors.

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President

A top leader of the company, sometimes the same as the CEO.

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CEO

The person who runs the whole company.

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Senior Manager

A manager in charge of important areas of the company.

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Junior Manager

A manager in charge of smaller teams or tasks.

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Middle Manager

A manager between junior and senior levels, helping with both strategy and operations.

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CFO

The person in charge of the company's money and financial plans.

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Public Relations

Makes sure people think well of the company and handles communication with the public.

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Human Resources

Handles hiring, training, and taking care of employees.

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Research and Development

Creates new products or improves existing ones.

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Marketing

Promotes the company's products and finds ways to attract customers.

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Personnel

An old word for Human Resources, dealing with employees.

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Customer Accounts

Manages relationships with customers and helps them if needed.

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Purchasing

Buys things the company needs to operate.

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Distribution

Makes sure products get to customers.

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Maintenance

Fixes and takes care of equipment or buildings.

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Packaging

Prepares products for sale by wrapping or boxing them.

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Advertising

Creates ads to help sell products.

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After-Sales

Helps customers with repairs or support after they buy something.

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To Head

To be in charge of a team or department.

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To be responsible for

To take care of something and make sure it's done right.

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Policy

A set of rules for how things should be done.

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To appoint

To give someone an official job or role.

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Day-to-day running/management

The daily work to keep the company running smoothly.

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Annual General Meeting (AGM)

A yearly meeting where the company discusses its progress with shareholders.

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Shareholder

A person who owns part of a company.

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Management

The people who run a company.

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Board of Directors

Group making important decisions.

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Workforce

All employees of a company.

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Hierarchy

Company structure showing who's in charge.

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Chairperson

Leader of the board of directors.

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President

Top company leader (sometimes CEO).

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CEO

Head of the whole company.

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Senior Manager

Manager in charge of important areas.

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Junior Manager

Manager overseeing smaller teams.

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Middle Manager

Manager between junior and senior roles.

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CFO

Responsible for the company's finances.

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Public Relations

Manages company image and communication.

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Human Resources

Handles employee hiring and management.

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R&D

Creates new products or improves existing ones.

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Marketing

Promotes products and attracts customers.

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Personnel

Old-fashioned term for Human Resources.

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Customer Accounts

Manages relationships with customers.

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Purchasing

Acquiring needed supplies for the company.

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Distribution

Ensuring products reach customers.

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Maintenance

Keeping equipment and facilities in good condition.

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Packaging

Preparing products for sale.

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Advertising

Promoting products through ads and campaigns.

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After-Sales

Providing support to customers after purchase.

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To Head (a team)

To be in charge of a team or department.

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To be responsible for

To have the duty of completing tasks.

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Policy

Set of rules and guidelines.

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To appoint

To officially give someone a job or role.

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Day-to-day running/management

Daily operational tasks.

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Annual General Meeting (AGM)

Yearly meeting for shareholders and stakeholders.

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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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