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Question 1:

Decision-making is primarily concerned with:

Choosing the best alternative among several options Allocating resources efficiently Establishing goals and objectives Monitoring and controlling activities

Question 2:

The process of transferring authority and responsibility from higher to lower levels in the organizational hierarchy is called:

Centralization Standardization Formalization Delegation

Question 3:

Which of the following is a characteristic of a Joint Stock Company?

Unlimited liability of shareholders No legal distinction between the company and its owners Profits are distributed based on the number of shares owned Limited liability of shareholders

Question 4:

Which of the following is not a typical feature of a joint stock company?

Limited liability of shareholders Distribution of profits as dividends Transferability of shares Requirement for a minimum number of members

Question 5:

The concept of consumer's surplus was introduced by:

John Maynard Keynes Adam Smith Alfred Marshall Milton Friedman

Question 6:

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

Management Committee General Meeting of Shareholders Chief Executive Officer Board of Directors

Question 7:

In the context of supply, an improvement in technology is likely to:

Have no effect on the quantity supplied Decrease the quantity supplied at each price level Decrease the price of the good Increase the quantity supplied at each price level

Question 8:

Decision-making is primarily concerned with:

Allocating resources efficiently Choosing the best alternative among several options Monitoring and controlling activities Establishing goals and objectives

Question 9:

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

Crowdfunding Issuing preference shares Retained earnings Issuing debentures

Question 10:

The document that outlines the rules and regulations for the governance of a Joint Stock Company is called:

The Memorandum of Association The Articles of Association The Prospectus The Certificate of Incorporation

Quiz: Business Organization & Management