Sergey Brin and Larry Page are the founders of Google. Most would agree that they have a superb product, but in order to grow, the company needed more structure. Together, they agreed to hire Eric Schmidt to join the executive team as the executive chairman. Schmidt quickly began performing the function, where he created well-structured departments and hired skilled people to perform the various functions of the business.
a) planning
b) organizing
c) contingency planning
d) controlling

Answer is B

Explanation: Organizing function of management is a stage that usually follow the Planning stage. It involves developing the organizational structure or organigram of the organization, identifying activities, and assigning human resource effectively such that the organizational goals and objectives are met.

Basically, the following are primarily within the organizing function:

1. Identification of work or activities

2. Break down of activities into groups or departments

3. Identification of required skills or expertise to get work done

4. Classification of roles and responsibilities to different departments

Therefore, Schmidt began performing the organizing function that entails creating structure to the organization, and hiring and allocating human resource to meet organizational objectives.

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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