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Questions and Answers
Which of the following best defines an organization?
Which of the following best defines an organization?
- A group of individuals working towards common goals (correct)
- A group of individuals with conflicting goals
- A group of individuals with no goals
- A group of individuals with different goals
What is the purpose of organizing in a business firm?
What is the purpose of organizing in a business firm?
- To achieve specific goals or objectives in a smooth way (correct)
- To discourage communication between departments
- To create conflicts among departments
- To slow down the accomplishment of desired goals
Which of the following factors influence how a business develops?
Which of the following factors influence how a business develops?
- Number of employees
- Location of the business
- Personality of the business (correct)
- Size of the office space
What does organizing ensure among the departments in a business firm?
What does organizing ensure among the departments in a business firm?
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What is the nature of the relationship among groups in an organization?
What is the nature of the relationship among groups in an organization?
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Study Notes
Defining an Organization
- An organization is a deliberate arrangement of people, materials, and equipment to achieve a specific goal or set of goals.
Purpose of Organizing in a Business Firm
- The primary purpose of organizing in a business firm is to allocate resources, assign tasks, and coordinate efforts to achieve specific objectives and goals.
Factors Influencing Business Development
- Several factors influence how a business develops, including internal factors such as management, marketing, and finance, as well as external factors such as government policies, technological advancements, and market trends.
Ensuring Departmental Coordination
- Organizing ensures that various departments in a business firm work together smoothly, efficiently, and effectively, achieving a common goal and objectives.
Nature of Inter-Group Relationships
- The nature of the relationship among groups in an organization is typically collaborative, with each group working together to achieve specific objectives, and often involves communication, coordination, and mutual support.
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