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WorksheetsPrinciple of Business
Total questions: 8
Worksheet time: 4mins
What is management?
Managing committee for a business
The process of bringing the liabilities and assets together
The process of bringing factors of production together
One group to whom managers are responsible for is, society.
True
False
What is the role of a manager?
To be the boss and direct different departments to succeed
Organise people,resources and finances by setting up systems and procedures
To manage a business
Control the money what enters and leave the business
What does POSDCORB stand for according to the POB CSEC textbook?
Profit,Organising,Supplier,Creativity,Owners,Reselect, Budgeting
Planning,Organising,Staffing,Decision-making,Coordinating,Budgeting
Planning,Organising,Staffing,Directing,Coordinating,Reporting and Budgeting
Which is NOT a function of Management?
Planning.
Organising.
Employing.
Budgeting.
Organising and Planning are two functions of management. They are the same.
True.
False.
Groups to whom managers are responsible for are:
Owners/Shareholders
Family
Society
Employees/Customers
Government
A shareholder is anyone who has an interest in a business.
True
False
