Read the following statements and mark the correct option carefully.

Assertion: The framework within which management and operational duties are accomplished can be defined as the organisational structure.
Reasoning: The term functional structure refers to the division of the entire business according to the principal items to be produced.

Assertion (A) is true but Reasoning (R) is not correct.

The correct answer is option 3- Assertion (A) is true but Reasoning (R) is not correct.

Assertion (A): The framework within which management and operational duties are accomplished can be defined as the organizational structure- This statement is correct. Organizational structure refers to the way in which an organization arranges its tasks, people, and resources to achieve its objectives.

Reasoning (R): The term functional structure refers to the division of the entire business according to the principal items to be produced- This statement is not correct. The functional structure actually involves organizing the business based on specialized functions or activities such as production, marketing, finance, etc. It does not involve dividing the business based on the principal items to be produced. Divisional structure is based on products.

So, the correct conclusion is that Assertion (A) is true, but Reasoning (R) is not correct. The functional structure is about organizing based on functions, not the specific products or items to be produced.