Legal Forms of Organizations Overview

<p>Mass production (C)</p> Signup and view all the answers

<p>A small group committed to a common goal with mutual accountability (D)</p> Signup and view all the answers

<p>Continuous process volume (A)</p> Signup and view all the answers

<p>Line relationships (C)</p> Signup and view all the answers

<p>They focus on providing services or advice to assist line functions. (A)</p> Signup and view all the answers

<p>Unit production systems (C)</p> Signup and view all the answers

<p>Training and education for staff (B)</p> Signup and view all the answers

<p>It faces difficulty in increasing capital. (C)</p> Signup and view all the answers

<p>Partnerships have equal liability for all debts. (C)</p> Signup and view all the answers

<p>Assigning activities to external stakeholders. (C)</p> Signup and view all the answers

<p>It involves regulations and legal documentation. (C)</p> Signup and view all the answers

<p>Equal distribution of benefits among all members. (D)</p> Signup and view all the answers

<p>Corporations often have divided decision-making among many stakeholders. (D)</p> Signup and view all the answers

<p>Activities critical for achieving the company's objectives. (C)</p> Signup and view all the answers

<p>The life of the owner. (D)</p> Signup and view all the answers

<p>Corporations have a longer lifespan and can exist beyond the original owners. (C)</p> Signup and view all the answers

<p>The organization's size, products, and market needs (D)</p> Signup and view all the answers

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

<p>It results in fewer levels of management (C)</p> Signup and view all the answers

<p>The financial resources available (D)</p> Signup and view all the answers

<p>Very small companies with few employees (C)</p> Signup and view all the answers

<p>Better trained subordinates require less supervision (D)</p> Signup and view all the answers

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

<p>It requires more supervision, especially for complex and distant jobs (D)</p> Signup and view all the answers

<p>Less span allows for more direct supervision, requiring more levels (B)</p> Signup and view all the answers

<p>Organizational needs (A)</p> Signup and view all the answers

A business structure where one person owns and runs the entire operation, taking on all financial responsibility.

A business structure with two or more owners, sharing the financial burden and decision-making.

A business structure where the company is a separate legal entity from its owners, with limited liability for investors.

A business structure where members have equal ownership and share profits and losses equally.

The process of identifying, grouping, and assigning tasks to managers within an organization.

The essential tasks or activities that an organization undertakes to achieve its goals.

The potential impact of a task's failure on an organization's overall success.

The identification of areas within a company where exceptional performance is needed for success.

The set of values that are considered essential to a company's culture and success.

Dividing an organization into smaller units based on specific functions, products, geography, or customer types.

The first stage of departmentalization, suitable for very small businesses with limited employees, often a sole proprietor.

Organizing by specialized functions, such as marketing, finance, or production. Larger organizations may have sub-functions within departments.

Grouping departments based on distinct product lines, each requiring unique production or marketing methods.

Structuring an organization based on geographical regions to manage sales or operations in diverse areas.

Categorizing departments based on customer types, each requiring distinct marketing and sales strategies.

The number of employees reporting directly to a single manager or supervisor.

A manager with a smaller span of control oversees fewer employees, leading to a hierarchical structure with many levels.

A manager with a larger span of control manages more employees, creating a flatter organization with fewer layers of management.

Factors that influence the appropriate span of control, including the training level of subordinates, the complexity of tasks, and the dynamic nature of work.

Support staff, including their availability and competence, influence the amount of supervision necessary.

A wider span of control, managing 20-30 subordinates, can bring benefits like lower administrative costs, improved communication, faster decision-making, and a more efficient organization. However, it requires enhanced training, communication, and leadership at all levels.

Core functions directly contributing to the organization's mission and goals.

Functions that support line functions by providing services or advice, helping them achieve their goals.

Hierarchical relationships between superiors and subordinates within the organization.

A type of organizational structure that thrives on flexibility, adaptability, and decentralized decision-making. It is often found in startups and rapidly changing environments.

A type of organizational structure focused on efficiency, standardization, and centralized decision-making. It is often found in large, established corporations.

A small group of people dedicated to a shared goal, who are mutually accountable for achieving it and leverage complementary skills.

Teams that are formed for a specific purpose and disbanded once that purpose is achieved.

Teams that involve members from different functional areas or departments within an organization.