What does "Organisational Structure" refer to?

"Organisational Structure" refers specifically to the levels of management and the division of responsibilities within a business. It outlines how tasks are allocated, who reports to whom, and how information flows through the organization. This structure is essential for ensuring that everyone in the company understands their roles and responsibilities, facilitating better communication and coordination among different departments or teams.

By defining the hierarchy within the organization, such as the distinctions between top management, middle management, and lower-level employees, it allows for clarity in decision-making processes and accountability. A well-defined organisational structure supports effective management and can significantly influence the overall efficiency and productivity of a business.

Other options describe different aspects of a business but do not accurately capture what "Organisational Structure" entails. For instance, the time taken for decisions relates more to organizational efficiency rather than the structural aspects. The geographical distribution of employees focuses on location rather than structure, and the financial structure pertains to the financial aspects of a business, which is entirely separate from how the organization is arranged or operates.