📝 One-liners · 66 cards
ORGANISING & STAFFING
What is the primary purpose of the organising function in bank management?
Organising establishes a formal structure of roles, responsibilities, and authority relationships to coordinate resources efficiently toward achieving the bank's objectives.
What is the difference between formal and informal organisation in a bank?
Formal is structured by management; informal emerges naturally among employees.
How does the principle of unity of command apply in a banking organisation?
Unity of command means each employee should receive orders and be accountable to only one superior, preventing confusion and conflicting instructions in bank operations.
What is functional authority in a bank's organisational structure?
Right granted to specialists to direct others outside their department.
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