Man/FinWk1

What is the main goal of a school as an organization?

• To provide healthcare

• To educate pupils

• To manage resources

• To maximize profits

Which type of organization is primarily focused on maximizing the wealth of its owners?

• Not-for-profit organizations

• Co-operatives

• Public sector organizations

• Commercial organizations

What is a characteristic of a co-operative organization?

• Democratically controlled by members

• Owned by shareholders

• Operated solely for profit

• Managed by government officials

Which structure is typical of small businesses in their early stages?

• Entrepreneurial structure

• Functional structure

• Divisional structure

• Matrix structure

What does a matrix structure require from employees?

• Dual reporting to two different managers

• Single reporting to one manager

• Reporting only to the owner

• No reporting structure

In a centralised structure, who retains the authority to make decisions?

• Lower levels of management

• Upper levels of the hierarchy

• All employees equally

• External stakeholders

What is a defining feature of boundaryless organizations?

• Focus on profit maximization

• Strict chain of command

• Flexibility and lack of formal departments

• Multiple levels of management

Which sector includes organizations like police and military?

• Private sector

• Public sector

• Commercial sector

• Non-profit sector

What is the primary function of not-for-profit organizations?

• Providing government services

• Generating profits for owners

• Satisfying the needs of members or society

• Maximizing shareholder wealth

What does the term 'tall organization' refer to?

• Many levels of management

• Few levels of management

• Flat structure

• Wide span of control