There are basically three patterns of organization: line organization, in which a single manager has final authority over a group of foremen or middle management supervisors; functional organization, in which a general manager supervises a number of managers identified by function; and line and staff organization, which is a combination of line and functional organization, with specialists in particular functions holding staff positions where they advise line officers concerned with actual production.
| Ordinary Shares, Ordinary Life Insurance | |
| Organization of Petroleum Exporting Countries (OPEC), Organized Securities Exchange |
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
