Organisational Structures

Which form of business structure typically has a small size?

• Sole Trader

• Partnership

• Company

• Corporation

In which form of business structure is the establishment and costs typically high?

• Sole Trader

• Partnership

• Company

• Cooperative

Who makes business decisions in a sole trader business structure?

• Owner

• Board of directors

• Partners

• Shareholders

Which form of business structure has unlimited liability for owners?

• Sole Trader

• Partnership

• Company

• Corporation

In a partnership, who makes the business decisions?

• Owner

• Board of directors

• Partners

• Shareholders

Which of the following is NOT one of the six most common types of organizational structures?

• Hierarchical Structure

• Functional Structure

• Circular Structure

• Network Structure

How many types of organizational structures are listed in the document?

• Four

• Five

• Six

• Seven

What is a hierarchical organizational structure?

• A. A structure with no clear chain of command

• B. A structure with a direct chain of command from top to bottom

• C. A structure with multiple chains of command

• D. A structure with no managers

Which of the following is an advantage of a hierarchical structure?

• A. Poor communication

• B. Slow decision-making

• C. Clearly defined authority

• D. Added costs

Which of the following is a disadvantage of a hierarchical structure?

• A. Control orientation

• B. Clear career and promotion path

• C. Poor communication

• D. Clearly defined authority