Business Management - Study Mode

[#246] The structure of organisation includes
Correct Answer

(A) identification and classification of required activities

[#247] Wages, salaries, bonus, vacation pay, insurance are examples of _________.
Correct Answer

(A) financial motivation

Explanation

Solution: Examples of financial motivation include wages, salaries, bonus, vacation pay, and insurance. Financial motivation involves the use of monetary rewards and incentives to encourage employees to perform well and achieve specific goals. These forms of compensation are directly tied to an individual's financial well-being and are designed to provide tangible benefits that contribute to their overall income and financial stability. Option B: non-financial motivation This option is incorrect. Non-financial motivation refers to rewards and incentives that are not monetary in nature, such as recognition, opportunities for personal growth, and a positive work environment. Option C: extrinsic motivation This option is incorrect. Extrinsic motivation involves external factors, including both financial and non-financial rewards, that drive individuals to engage in certain behaviors or activities. Option D: intrinsic motivation This option is incorrect. Intrinsic motivation refers to the internal drive and personal satisfaction that individuals derive from performing a task or activity. It is not directly related to financial compensation. The correct answer is Option A: financial motivation , as the examples provided are all related to monetary rewards and incentives.

[#248] Which type of organization gives importance to terms of authority and functions
Correct Answer

(B) formal organization

Explanation

Solution: 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.

[#249] Participation, recognition and power are some of the examples of _________.
Correct Answer

(B) non-financial motivation

Explanation

Solution: Participation, recognition and power are some of the examples of non-financial motivation. Non-financial motivation is the integration of a system of reward and recognitions (Rewards and Recognition - R & R), which doesn't involve giving money directly to the employee.

[#250] Which type of organization gives importance to people and their relationships
Correct Answer

(B) informal organization

Explanation

Solution: Option A: formal organization This option is incorrect. A formal organization emphasizes structure, rules, and procedures rather than personal relationships. Option B: informal organization This is the correct option. An informal organization values personal relationships and social networks among its members, focusing on people and their interactions. Option C: business organization This option is incorrect. A business organization generally refers to any entity involved in commercial, industrial, or professional activities, and it does not specifically emphasize personal relationships. Option D: strategic organization This option is incorrect. A strategic organization focuses on long-term goals and plans, rather than personal relationships and social dynamics. In conclusion, the correct answer is Option B: informal organization , as it prioritizes people and their relationships over formal structures and procedures.