Quiz 2 Busmngt - COA 1B

This is a type of centralized organizational structure where the

leaders is on top, the workers are below, and supervisors placed in between to get the work done.

• Hierarchical

• Flat

• Divisional

• Functional

A type of organization structure that segregates the workforce based on the requirements of each department.

• Hierarchical

• Flat

• Divisional

• Functional

This type of organizational structure comes into play when a firm has grown exponentially to become a giant in its sector.

• Hierarchical

• Flat

• Divisional

• Functional

This organizational structure is devoid of any hierarchy. No one commands or controls the employees but instead decisions are made at every

level of management.

• Hierarchical

• Flat

• Divisional

• Functional

The simplest and most common form of business, owned

and run by someone for their own benefit.

• Hierarchical

• Flat

• Divisional

• Functional

The simplest and most common form of business, owned

and run by someone for their own benefit.

• Sole proprietorship

• Partnership

• Corporation

• Limited liability company

A form of business where both owners invest their money, property, labor to the business and are both 100% liable for business debts.

• Sole proprietorship

• Partnership

• Corporation

• Limited liability company

It is a legal entity separate from its owners, made up of individuals, groups, or other corporations, that has the power to conduct business and to own property, assets, and liabilities.

• Sole proprietorship

• Partnership

• Corporation

• Limited liability company

A form of business where hybrid entities combine the characteristics of a corporation with those of a partnership or sole proprietorship.

• Sole proprietorship

• Partnership

• Corporation

• Limited liability company

It consider the social, political, cultural and spiritual aspects of society.

• Social responsibility

• Economic development

• Management

• Business management