Question

Big Money Bank has several branches that are headed by branch managers. The loan manager,investments manager, operations manager, and trust manager in each branch report directly to the branchmanager. This scenario is an example of a __________.

Answer 1

The scenario describes a hierarchical organizational structure in a banking context, where different managers report to the branch manager, illustrating the management's efficiency in handling money, loans, and banking operations.

Step-by-step explanation:

Big Money Bank having several branches with branch managers, to whom the loan manager, investments manager, operations manager, and trust manager report, is an example of a hierarchical organizational structure. This structure is characterized by clearly defined lines of authority, where decisions flow from the top down, and employees are grouped by their functional positions into departments. This enables efficient management of bank operations, which focuses on the interconnection between money, loans, and the role of banks in the economic system. These banks act as financial intermediaries facilitating the smooth functioning of economic transactions by pooling deposits, making loans, and ultimately connecting savers with borrowers.

Answer 2

product structure

Step-by-step explanation:

Product structure: The term product structure is defined as one of the representations encompassing various ways in which different parts of a particular product tends to fit together and hence interact with each other, and also they are organized in distinct levels of details based on the given structure. Therefore, a product structure is being utilized to manage tests, problems, and changes resolution related to complex products possessing a great number of different interconnected functions and parts.

In the question above, the given scenario is an example of the product structure.