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Question 1:

Which of the following is not a principle of management according to Henri Fayol?

Esprit de corps Profit maximization Unity of command Division of work

Question 2:

The main focus of contingency planning is:

Focusing solely on long-term strategic planning Creating detailed plans for every possible scenario Preparing for unexpected events by developing alternative courses of action Avoiding planning altogether to remain flexible

Question 3:

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

Division of Work Authority Unity of Command Discipline

Question 4:

A public limited company is required to have a minimum of:

20 members 7 members 2 members 50 members

Question 5:

A company's internal rules and regulations are specified in its:

Memorandum of Association Certificate of Incorporation Prospectus Articles of Association

Question 6:

In the context of organizational structures, what does decentralization primarily aim to achieve?

Reduced managerial workload at lower levels Increased operational costs Improved decision-making speed and flexibility Centralized control over all decisions

Question 7:

Consumer's surplus can be best described as:

The surplus of goods in the market The difference between total utility and marginal utility The difference between what consumers are willing to pay and what they actually pay The additional satisfaction from consuming one more unit

Question 8:

The main advantage of a sole proprietorship is:

Separate legal entity Access to large capital Ease of formation and control Limited liability

Question 9:

The division of work among employees to increase efficiency is referred to as:

Specialization Departmentalization Centralization Delegation

Question 10:

Which of the following is not a method of raising capital in a Joint Stock Company?

Crowdfunding Issuing preference shares Retained earnings Issuing debentures

Quiz: Business Organization & Management