Types of Organizations
This type of business is owned and operated by one individual.
Sole trader
This is the term for the increase in a company's scale of operations.
Business growth
This structure is characterized by clear levels of authority and responsibility.
hierarchical structure
This leadership style involves a leader making decisions independently.
Autocratic
This theory suggests that workers are motivated by pay and fear of punishment.
Taylor's
Define limited liabilty
The owner does not have personal liability if the business fails.
This occurs when two companies agree to form a single organization.
Merger
This refers to the number of subordinates that report directly to a manager.
Span of control
A leader using this style allows employees significant input in decision-making.
Democratic
This theory divides motivation into intrinsic factors, driven by personal satisfaction, and extrinsic factors, driven by external rewards.
Deci and Ryan's Self-Determination Theory
A business that operates in two or more countries is called this.
MNC
A rapid form of growth achieved by acquiring or joining with another company.
External growth
This is the delegation of decision-making authority to lower levels of the organization.
Decentralization
This term refers to the coordination of human, physical, and financial resources to achieve objectives.
Management
According to Herzberg, these are two factors that influence worker satisfaction and dissatisfaction
motivators and hygiene factors
A type of organization that does not aim to make a profit and reinvests surpluses to achieve its objectives.
Non-for-profit organization
The expansion of a business using its own resources rather than acquiring another company.
Internal growth
The levels of management and hierarchy within a business organization.
Levels of hierarchy
A motivation theory that classifies needs into five levels.
Maslow's
A theory emphasizing motivation through intrinsic and extrinsic rewards.
Vroom’s expectancy theory