Business Organization And Management Knowledge Test

55 Questions | Total Attempts: 443

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Business Management Quizzes & Trivia

This is the prelim exam of Management 1 - Business Organization and Management


Questions and Answers
  • 1. 
    _____ is a general term, which includes all profit seeking activities of enterprises that provide goods and services necessary to an economic system.
    • A. 

      Business

    • B. 

      Profit

    • C. 

      Enterprise

    • D. 

      Entrepreneur

  • 2. 
    _____ is the money that remains after a firm deducts its expenses related to producing and marketing goods and services
    • A. 

      Business

    • B. 

      Profit

    • C. 

      Capitalism

  • 3. 
    What system that individuals are vested with the right to operate enterprise for private gain?
    • A. 

      Business

    • B. 

      Private Enterprise

    • C. 

      Entrepreneurship

    • D. 

      Capitalism

  • 4. 
    _____ refers to that economic system in which the means of production, consisting of land and tangible goods are owned privately.
    • A. 

      Capitalism

    • B. 

      Communism

    • C. 

      Socialism

    • D. 

      Entrepreneurship

  • 5. 
    Under ______, all economic resources are owned by the state.
    • A. 

      Socialism

    • B. 

      Capitalism

    • C. 

      Communism

    • D. 

      Entrepreneurship

  • 6. 
    _____ is a type of system that the state only owns essential industries, but all other businesses are open for private persons.
    • A. 

      Communism

    • B. 

      Capitalism

    • C. 

      Entrepreneurship

    • D. 

      Socialism

  • 7. 
    ______ is a systematic process of planning, organizing, staffing and controlling of activities in an organization
    • A. 

      Management

    • B. 

      Organization

    • C. 

      Staffing

  • 8. 
    This means that breaking the job down into specialized tasks to increase productivity.
    • A. 

      Authority

    • B. 

      Division of Labor

    • C. 

      Discipline

    • D. 

      Unity of command

  • 9. 
    The right given to a person in position to give orders plus the power to exact obedience is refereed to as __________.
    • A. 

      Authority

    • B. 

      Division of Labor

    • C. 

      Discipline

    • D. 

      Unity of command

  • 10. 
    This provides uniform application of behavior to certain activities the outcome of which is readily predicted.
    • A. 

      Authority

    • B. 

      Division of Labor

    • C. 

      Discipline

    • D. 

      Unity of command

  • 11. 
    This means that each employee must have only one supervisor.
    • A. 

      Authority

    • B. 

      Division of Labor

    • C. 

      Discipline

    • D. 

      Unity of command

  • 12. 
    This means that the efforts of everyone in the organization must be coordinated and focused in the same direction
    • A. 

      Unity of direction

    • B. 

      Remuneration

    • C. 

      Centralization

    • D. 

      Scalar chain

  • 13. 
    Employees should be paid fairly in accordance with their contribution to the organizational effort
    • A. 

      Unity of direction

    • B. 

      Centralization

    • C. 

      Scalar chain

    • D. 

      Remuneration

  • 14. 
    Power and authority must come from top to bottom.
    • A. 

      Unity of direction

    • B. 

      Centralization

    • C. 

      Scalar chain

    • D. 

      Remuneration

  • 15. 
    This means that subordinates should observe chain of command unless authorized by their respective superiors to communicate with each other.
    • A. 

      Unity of direction

    • B. 

      Centralization

    • C. 

      Scalar chain

    • D. 

      Remuneration

  • 16. 
    This means that human and non-human resources should be in their proper places.
    • A. 

      Order

    • B. 

      Equity

    • C. 

      Stability of tenure

    • D. 

      Initiative

  • 17. 
    This is the result of kindliness and justice and is a principle to guide management-employee relations.
    • A. 

      Initiative

    • B. 

      Stability of tenure

    • C. 

      Equity

    • D. 

      Order

  • 18. 
    Companies should have effective manpower planning and implementation to prevent high employee turnover.
    • A. 

      Order

    • B. 

      Equity

    • C. 

      Stability of tenure

    • D. 

      Initiative

  • 19. 
    Management should encourage employees to act on their own wish when confronted with an opportunity to solve a problem.
    • A. 

      Initiative

    • B. 

      Equity

    • C. 

      Esprit de corps

    • D. 

      Order

  • 20. 
    This means that managers should emphasize teamwork by building harmony and a sense of unity among employees.
    • A. 

      Initiative

    • B. 

      Equity

    • C. 

      Order

    • D. 

      Esprit de corps

  • 21. 
    An entity comprising of group of people, established to accomplish certain goals is known as ______.
    • A. 

      Organization

    • B. 

      Enterprise

    • C. 

      Business

    • D. 

      Commerce

  • 22. 
    When properly directed, persons working in coordination with others will produce better outputs than when they work independently.
    • A. 

      Coordination of effort

    • B. 

      Common goal or purpose

    • C. 

      Division of labor

    • D. 

      Hierarchy of authority

  • 23. 
    In order for the employees work with proper direction, they must be provided with a common vision and mission.
    • A. 

      Division of labor

    • B. 

      Hierarchy of authority

    • C. 

      Coordination of effort

    • D. 

      Common goal or purpose

  • 24. 
    A total job is divided into manageable parts, this characteristics is referred to as _________.
    • A. 

      Hierarchy of authority

    • B. 

      Coordination of effort

    • C. 

      Division of labor

    • D. 

      Common goal or purpose

  • 25. 
    When individuals work collectively, someone must be provided with authority to make sure that assigned goals are achieved in the desired manner.
    • A. 

      Coordination of effort

    • B. 

      Hierarchy of authority

    • C. 

      Division of labor

    • D. 

      Common goal or purpose

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