'It is defined as the framework within which managerial and operating tasks are performed.'

Which of the following concept is being discussed here?

Organisational structure

The correct answer is option 1- Organisational structure.

The organisation structure can be defined as the framework within which managerial and operating tasks are performed. It specifies the relationships between people, work and resources. It allows correlation and coordination among human, physical and financial resources and this enables a business enterprise to accomplish desired goals. The organisation structure of a firm is shown in an organisation chart.