6. What is the most common form of agency structure?
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Hierarchical org structure
It's the most common type of organizational structure––the chain of command goes from the top (e.g., the CEO or manager) down (e.g., entry-level and low-level employees) and each employee has a supervisor.
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The Integrated Form of agency structure is the most common form of agency structure because it has various benefits.
- Integration is one of the most important aspects of the success of a business organisation. They are various departments in an organisation that works closely and are interdependent on each other.
- With the help of integration and Corporation, the business firm can work more efficiently and exchange information between different departments.
- It helps to increase the productivity of an organisation and understand the areas where improvement is necessary. Each department is well aware of its duties and is accountable for them.
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