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When the president of an organization creates a new department and defines the authority of this department within the organization this is part of which function?
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Example of functional structure?
The functionnal structure groups employees together based upon the functions of specific jobs within the organization. I used to work for a division of an internet service provider (ISP). The organizational structure at that division was functional. The organizational chart was as follows: Vice President - Sales Department (sales function) - Customer Service Department (customer service function) - Engineering Department (engineering function) - Accounting Department (accounting function) - Administration Department (administration function
Draw-up a typical organization chart highlighting the financial function of a company?
When you are asked to draw up an organizational chart that highlights the financial function of the company, you should trace the money flow from department to department. You can start by linking the accounting department to some of the functional areas within the business.
What is financial function in business organization?
financial functions of a business organization
What are Significance of finance function in assuring corporate survival and growth?
The finance department analyzes business deals and projects to ensure they are profitable for the organization. In doing so, they are increasing the chances of the business surviving.
Discuss the Financial Management Function in organization?
F.m
What is the importance of escalating an organisations HR function to a strategic level?
With a strategic human resource department the organization will have people in place to help meet their organization's objectives. Every functional department in an organization should be strategic.
Example of functional structure?
The functionnal structure groups employees together based upon the functions of specific jobs within the organization. I used to work for a division of an internet service provider (ISP). The organizational structure at that division was functional. The organizational chart was as follows: Vice President - Sales Department (sales function) - Customer Service Department (customer service function) - Engineering Department (engineering function) - Accounting Department (accounting function) - Administration Department (administration function
What is departmental telephone?
A telephone number or extension that is dedicated to a particular business function of an organization. eg the sales department; the accounts department.
How do you turn a security department into a police department?
Police departments are generally a component of a governmental or quasi-governmental organization, such as a city, county, public park, water district, etc. Security departments are usually a function of private or corporate entities, like shopping malls. Private and corporate entities do not have the authority to create police departments.
What is coordinative function in HRM?
They exercise functional authority over other departments to ensure the adherence to all HR policies and procedures in the organization
Draw-up a typical organization chart highlighting the financial function of a company?
When you are asked to draw up an organizational chart that highlights the financial function of the company, you should trace the money flow from department to department. You can start by linking the accounting department to some of the functional areas within the business.
What is the function of maintenance department?
As the name implies, the maintenance department is responsible for the maintenance of operations in an organization. Administration, capital project engineering, right way of services, utilities, support services all come under maintenance department.
Differences between line and staff authority?
Line authority or function is a Direct or main function of an individual or department. It involves Direct and Legitimate Authority over subordinates. It decides what to do, and when to do it. eg., Production for a Manufacturing company. Staff Authority on the other hand is an assistant function as it guides line managers or functions into performing a specific activity. They are more specialized and therefore provide advice to Line authority. eg., Human Resource (HR) for a Manufacturing company.
What is the use of finance department?
This is the part of an organization that manages the money. Its main function is organizing, auditing, planning, accounting and controlling the companyâ??s finances.
What are Some of the function of the Caribbean tourism organization?
function of caribbean tourism organization
What is the nature of the authority exercised by personnel management function?
what is the nature of the authority exercised by a personnel management function
Function of the sales and marketing department?
function of salse and marketing department in travel agency
