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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning5 Marks
Question
What are the various aspects of Organization Structure?
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Answer

Organisation structure includes the following:
  1. Form: What is the form of ownership of the organization?
  2. Agreement: If a partnership, who are the partners and what are the terms of agreement?
  3. Owning of stock: If incorporated, who are the principal shareholders and how much stock do they own?
  4. Voting rights: How many shares of voting or non-voting stock have been issued and what type?
  5. Directors: Who are the members of the board of directors? (Give names, addresses, and resumes).
  6. Control: Who has check-signing authority or control?
  7. Management team: Who are the members of the management team and what are their backgrounds?
  8. Duties of management: What are the role and responsibilities of each member of the management team?
  9. Payments: What are the salaries, bonuses, or other forms of payment for each member of the management team?

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