Business functions Flashcards
(9 cards)
1
Q
what are the eight business functions
A
- general management function
2.financial function
3.purchasing functions
4.production function
5.human resource function
6.adminstration function
7.marketing function
8.public relations functions
2
Q
what is the organisational structure(broader definition)
A
an organisational structure is a system that outlines how certain activities are directed to achieve the goals of an organisation.
3
Q
what are factors that unfluence the organisational structure
A
- size of organisation
2.strategy - technology
4.resources
4
Q
what are the types of organisational structures
A
- functional organisational structure
- project organisational structure
- matrix organisational structure
5
Q
what happensin the functional organisational structure
A
- instructions given by many managers
- the plans to be executed determines who will be giving instructions
- confusing because of whom to report to
6
Q
what is the adminstration function
A
it is the handling of information and data
7
Q
what are the activities of the adminstration function
A
- collection of information
- information technology
- office practice
8
Q
what is the financial function
A
it is responsible for planning and managing all the funds and assets of the business.
9
Q
what is the purpose of the financial function
A
- it determines how much capital the business needs
2.establishes the sources for acquiring the capital - decides how to invest /allocate the capital funds in the business.
