Graded Recitation 2-OrgMgmt

One advantage of running a business as a corporation is

• you can be influential to the government regulatory bodies

• you, as shareholder, are not personally liable for the contractual obligation

  debts, negligence, or wrongful acts of the corporation

• you can easily be elected president of the corporation

• you are not required to file a separate business report

A line function is

• a position in the direct chain of command that is responsible for the achievement

  of an organization's goals.

• purely advisory and has no authority

• paid higher than a staff function

  indicated in the

• organization chart in dotted lines

Organizational design is

• the process of aligning an organization's structure with its vision and mission

• a process that determines the salary structure of the company

• a process to help you decide whether or not you will organize your business

  single proprietorship, partnership, or corporation

• a method that forecasts the revenues and profits of the company

The stages of the development of an organization

• tells you of the cycle of life and death of an organization

• describes the rise and fall of an organization

• indicates the political intrigues in the organization

• starts from chaos, then stability until it reaches the final stage of high performance

Steps in starting a business include

• getting the blessings of the parish priest where your business is located

• holding a celebration party with your friends and relatives

• registering your business with the BIR

• inviting the mayor for the cutting of the ribbon in the opening ceremony at the

  place where you operate your business

Who once said that "If the rate of change from within the organization is not as fast as the rate of change outside, then the end is near"?

Media views, company/technology image are examples of what kind of PESTEL factors?

It is the environment outside the Philippines and in different sovereign countries.

Current and future legislation are examples of what kind of PESTEL factors?

Doing business in this country has consistently ranked Number 1 because of the ease in trading across borders and in enforcing contracts.