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Question 1:

Which of the following is not a function of management?

Staffing Directing Coordinating Budgeting

Question 2:

Which type of organizational structure is characterized by a strong emphasis on hierarchical authority and control?

Hierarchical structure Horizontal structure Network structure Virtual structure

Question 3:

In a Hindu Undivided Family (HUF) business, the management is typically handled by:

All family members equally The eldest male member The youngest male member An elected non-family member

Question 4:

A leadership style that emphasizes clear roles and responsibilities and rewards and punishments is known as:

Democratic leadership Transformational leadership Charismatic leadership Transactional leadership

Question 5:

In a Joint Stock Company, the ownership is represented by:

Bonds Partnerships Shares Debentures

Question 6:

A plan that is developed to address a specific, one-time issue is known as a:

Single-use plan Strategic plan Standing plan Tactical plan

Question 7:

In an organization, the principle that ensures all resources are in the right place at the right time is known as:

Stability of Tenure Order Initiative Unity of Direction

Question 8:

A decrease in the price of a good, holding everything else constant, will result in:

A decrease in the quantity demanded of the good No change in the quantity demanded An increase in the quantity demanded of the good An increase in the quantity supplied

Question 9:

What is the primary goal of organizational restructuring?

To reduce the total number of employees To decentralize all decision-making processes To increase the number of managerial positions To align the organization’s structure with its strategic objectives

Question 10:

The cross-price elasticity of demand for complementary goods is:

Zero Infinite Positive Negative

Quiz: Business Organization & Management