POM Unit 1

POM Unit 1

Professional Development

25 Qs

quiz-placeholder

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POM Unit 1

POM Unit 1

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Hard

Created by

Sindhanai Sathyaseelan

Used 3+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is true with reference to principles of management?

The principles of management have evolved

The principles of management are yet to be evolved

The principles of management are in the continuous process of evolution

None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is/are true with reference to principles of management?

The principles are guidelines to action

The principles denote a cause and effect relationship.

Principles help the manager to take decisions while performing various management functions

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management is_________________.

An art

A science

Both (a) and (b)

Neither art nor science

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This type of business is owned by one person.

Partnership
Sole Proprietorship
Corporation
Franchise

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Advantages of this business type are that the owner is their own boss and gets to keep all the profits.

Partnership
Sole Proprietorship
Corporation
Franchise

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a major advantage of a business that is a partnership rather than a sole proprietorship?

The responsibility for the business is shared
The business is easy to set up
The partners are not responsible for business debts
The business is easy to sell

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a business owned by stockholders/investors but operated by others?

Sole Proprietorship

Partnership

Corporation

Limited Liability Partnership

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