Quiz: Business Organization & Management

Test your knowledge with 10 random questions from this subject.


Question 1:

Which concept describes the minimum and maximum number of subordinates that can be effectively managed by a supervisor?

Question 2:

Which of the following is a principle of management according to Henri Fayol?

Question 3:

The practice of assigning specific tasks to individuals or groups to ensure specialization is known as:

Question 4:

In the case of an inferior good, an increase in consumer income will likely lead to:

Question 5:

In the context of decision-making, 'satisficing' means:

Question 6:

How does empowering lower-level employees through decentralization affect decision-making?

Question 7:

Which of the following is not a form of business organization?

Question 8:

The highest governing body in a Joint Stock Company is the:

Question 9:

Which of the following is not a characteristic of a Joint Stock Company?

Question 10:

The income elasticity of demand for a normal good is: