Which type of organization gives importance to terms of authority and functions
A. informal organization
B. formal organization
C. business or organization
D. strategic organization
Answer: Option B
Solution (By Examveda Team)
Formal organization gives importance to terms of authority and functions. The formal organization is basically goal-oriented entity that exist to accurate the efforts of individuals and it refers to the structure of jobs and positions with clearly defined functions, responsibilities and authorities.This Question Belongs to Management >> Business Management
Luther Gullik classifies the function of management as
A plan developed to carry out a course of action that is not likely to be repeated in the future is called: