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Organizational Structure Quiz

Authored by Luma M

Business

7th Grade

Used 2+ times

Organizational Structure Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of an organizational chart?

To record financial transactions

To outline the internal management structure

To display marketing strategies

To assess cash inflows and outflows

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term 'level of hierarchy' refer to?

The various levels of employment in an industry

The levels of management and responsibility within an organization

The flow of communication from top to bottom

The financial records of a firm

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of 'chain of command'?

The sequence of business operations in a factory

The structure allowing instructions to be passed down from higher to lower levels of the hierarchy

The process of setting up a business

The financial statement of a business

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a cash inflow?

Purchasing goods for cash

Paying wages to employees

Debtors paying their bills

Paying off a bank overdraft

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a source of external finance?

Retained profits

Sale of assets

Trade credit

Bank loans

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of final accounts?

To record all employee information

To show the profit or loss made by a business over a financial year

To display the cash flow in and out of the business

To monitor the production process

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement is true about revenue expenditure?

It is spent on non-current assets

It is spent on daily operational costs

It is a long-term investment

It is only paid once a year

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