
Business Management
Authored by John Robinson
Social Studies
University

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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Is owned by shareholders. It is structured as a separate
legal entity under the operation of law.
PARTNERSHIP
CORPORATION
SOLE PROPRIETORSHIP
FRANCHISE
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a primary function of management that involves setting objectives and determining a course of action for achieving those objectives?
Planning
Organizing
Leading
Controlling
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In business management, what term is used to describe the process of monitoring performance and making necessary changes?
Planning
Organizing
Controlling
Leading
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which management theory emphasizes the importance of understanding human behaviors, needs, and attitudes in the workplace?
Classical Management Theory
Behavioral Management Theory
Contingency Management Theory
Systems Management Theory
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the term for a visual representation of an organization's structure, showing the relationships between different positions?
Organizational Chart
Flowchart
Gantt Chart
Pie Chart
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following is a characteristic of a sole proprietorship?
Limited liability
Owned by shareholders
Single owner
Double taxation
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary goal of financial management within a business?
Maximizing profits
Minimizing costs
Ensuring liquidity
Maximizing shareholder wealth
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