Organizing in Management: Definition and Functions
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Organizing in Management: Definition and Functions

Learn about the concept of organizing in management, including its definition and functions such as task assignment, resource allocation, and work activity coordination to achieve common goals.

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@LucrativePopArt

Questions and Answers

What is the primary reason for businesses to combine?

To gain a competitive advantage

According to PFRS 3, what is the definition of a business combination?

A transaction in which an acquirer takes over a business

What is the classification of business combination based on the legal point of view?

Methods of Combination

Which type of business combination involves combining companies within the same industry that have been competitors?

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

Why would a company choose vertical integration as a structure of combination?

<p>To strengthen the supplier-customer relationship</p> Signup and view all the answers

What does an acquirer obtain in a business combination according to PFRS 3?

<p>Complete control of one or more businesses</p> Signup and view all the answers

Which type of business combination involves little to no similarities between the companies involved?

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

In a statutory merger, what happens to the acquired company as a separate legal entity?

<p>It ceases to exist</p> Signup and view all the answers

What method of business combination involves forming a new company to acquire all the net assets of two or more companies?

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

In stock acquisition, what happens to the acquired company as a separate legal entity?

<p>It becomes a subsidiary</p> Signup and view all the answers

Which accounting method is used for all business combinations according to PFRS 3 Revised?

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

In business combination, what is recognized and measured at fair value?

<p>Identifiable Assets &amp; Liabilities</p> Signup and view all the answers

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