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Business Basics Test

Total questions: 20

Worksheet time: 5hrs 0mins

Name
Class
Date
1.

What are the primary functions of business management?

a)

a. Planning, organizing, controlling

b)

b. Strategizing, communicating, planning

c)

c. Finance, operations, management

d)

d. Marketing, accounting, human resource management

2.

A(n) ________ is a person who assumes the risk of starting a business.

a)

a. manager

b)

b. stakeholder

c)

c. entrepreneur

d)

d. private investor

3.

What is the easiest form of business to start and to end?

a)

a. Sole proprietorship / Sole trader

b)

b. Limited partnership

c)

c. Corporation

d)

d. Cooperative

4.

When managers work to create conditions and systems to ensure that everything and everyone works together to achieve the organization's goals, they are involved in the ________ function of management.

a)

a. controlling

b)

b. leading

c)

c. planning

d)

d. organizing

5.

In what order do managers typically perform the managerial functions?

a)

a) organising, planning, controlling, leading

b)

b) organising, leading, planning, controlling

c)

c) planning, organising, leading, controlling

d)

d) planning, organising, controlling, leading

6.

A doctor is an example of__________ labour?

a)

a. Skilled

b)

b. Unskilled

c)

c. Semi-skilled

d)

d. Entrepreneur

7.

What do you call a style of leadership that takes account of others' views, opinions and ideas?

a)

a) Laissez-faire

b)

b) People-oriented

c)

c) Democratic

d)

d) Autocratic

8.

Which form of leadership let the employees have more to do and leader do little or no work?

a)

a) Laissez-faire

b)

b) Democratic

c)

c) Authoritarian

d)

d) A mix of laissez-faire and democratic

9.

Leaders who do not listen to others and makes all the decisions themselves.

a)

a. Democratic

b)

b. Laissez-faire

c)

c. Autocratic

d)

d. All of the above

10.

which function of management decides the goals and objectives for the company?

a)

a. staffing

b)

b. leading

c)

c. organizing

d)

d. planning

11.

Leadership style is the general way a manager treats and supervises employees

a)

True

b)

False

12.

You find yourself in a group in a class that has to write and put together a dramatic presentation that will be filmed on video. There are people of all types of abilities in the group and most seem pretty keen on doing the project.

Which leadership style would be appropriate?

a)

a. Democratic

b)

b. Autocratic

c)

c. Laissez-faire

13.

Planning involves the effort to direct and lead people to accomplish the planned work of the organization.

a)

True

b)

False

14.

Just one person is MOST likely responsible for all of the management functions in a

a)

a. new small business

b)

b. large corporation

c)

c. partnership

d)

d. multinational company

15.

The __ management function involves identifying & arranging the work and resources needed to achieve the goals that have been set.

a)

a. organizing

b)

b. planning

c)

c. controlling

d)

d. staffing

16.

The management function that determines to what extent the business is accomplishing the goals is set out to reach in the planning stage is

a)

a. organizing

b)

b. controlling

c)

c. planning

d)

d. staffing

17.

Who is an Entrepreneur?

4 lines
18.

What is the difference between an entrepreneur and entrepreneurship?

4 lines
19.

Give atleast four reasons of starting a business.

4 lines
20.

What is management?

4 lines