Question

A typical college of business (or school of management) has several areas such as management, marketing, finance, accounting, MIS, and so on. This is an example of a(n) _____ structure.

1) Functional
2) Divisional
3) Matrix
4) Network

Answer 1

A college of business with separated areas like management and marketing is using a functional structure, where each department focuses on specific tasks.

Step-by-step explanation:

When a typical college of business or school of management separates its areas into management, marketing, finance, accounting, MIS, and so on, it is employing a functional structure. This structure organizes the business into departments based on the functions they perform. Each area specializes in its own set of tasks, which it performs independently of the others, similar to how a restaurant separates tasks among various roles like chefs, servers, and managers.