Business Ownership
What is the term for a business ran entirely by one person ?
Sole Trader
Name three examples of routine Business documents
Letters, Email, reports, notices/memo's
an organizational model with few or no levels of middle management between executives and employees.
Flat or Horizontal Structure
This department is responsible for handling customer inquiries, complaints, and feedback.
Customer Service
Gabriel's favorite country
Romania
The term for a company/organization owned by it's members or employees
Cooperative
What does register mean in business communication?
Level of formality
a type of structure where Divisions are separated by region, territories, or districts, offering more effective localization and logistics.
Geographical Structure
Manages recruitment, training, and employee relations
Human Resources
Isabella's favorite brand>
Nike
The term for a temporary partnerships between two or more businesses for a specific project.
Joint Ventures
Meaning of 'Uniformity'
"The quality or state of being uniform"
i.e Keeping everything the same
In this structure employees have dual reporting lines, typically to a project manager and their functional manager. One reporting line usually takes priority over the other.
Matrix Strcuture
This department oversees the production of goods or delivery of services.
Operations
What's Iman's favorite color
Blue
Which type of ownership has unlimited liability?
Sole trader
What do HR records keep information on?
Keep track of employee information and performance
A structure where Employees are grouped into departments based on their skills, activities, or specialties. Examples of departments include sales, marketing, human resources, production, and finance
Functional
This department is responsible for innovation of new products or improves existing ones.
Research & Development
Bruno's favorite city
Curitiba
What is the term for a corporation where ownership is shared among a large number of shareholders. Shareholders can buy and sell shares of the company on stock exchanges or over-the-counter markets.
Publicly traded company
What is the purpose of Policies and Procedures?
Purpose: Ensure consistency across the company and align everyone towards the same goals
A Business structure that groups employees by specialization and encourages collaboration on projects
Network Structure
This function develops strategies to promote products/services and manage customer relationships
Marketing
Rishi's favorite car brand
Bugatti