What is defined as a structured group of people working together to achieve common goals?

Study for the UofT MGT100 Fundamentals of Management Exam. Practice with quizzes and detailed study materials to excel. Prepare with clear explanations and valuable tips to ace your exam!

The correct answer is that an organization is defined as a structured group of people working together to achieve common goals. An organization typically consists of various roles, responsibilities, and hierarchical structures that allow individuals to collaborate effectively. This can include companies, non-profits, educational institutions, and other formal entities where members work towards shared objectives.

Organizations are characterized by their formalized processes and established systems, which help in not only achieving goals but also in maintaining an efficient workflow and communication among members. This structured approach differentiates organizations from more informal groups or teams that may have more flexibility in how they operate.

While a team can be part of an organization and focuses specifically on collaborative tasks, and a group could refer more generally to any collection of people, an organization encompasses a broader and more formal structure designed to achieve specific goals. An alliance, on the other hand, refers to a partnership or agreement between entities, which might not have a formal structure dedicated to a shared objective in the same way an organization does.

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