
POM Unit 1
Quiz
•
Professional Development
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Professional Development
•
Practice Problem
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Hard
Sindhanai Sathyaseelan
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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.
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.
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?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a business owned by stockholders/investors but operated by others?
Sole Proprietorship
Partnership
Corporation
Limited Liability Partnership
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