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WorksheetsBusiness Basics Test
Total questions: 20
Worksheet time: 5hrs 0mins
What are the primary functions of business management?
a. Planning, organizing, controlling
b. Strategizing, communicating, planning
c. Finance, operations, management
d. Marketing, accounting, human resource management
A(n) ________ is a person who assumes the risk of starting a business.
a. manager
b. stakeholder
c. entrepreneur
d. private investor
What is the easiest form of business to start and to end?
a. Sole proprietorship / Sole trader
b. Limited partnership
c. Corporation
d. Cooperative
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. controlling
b. leading
c. planning
d. organizing
In what order do managers typically perform the managerial functions?
a) organising, planning, controlling, leading
b) organising, leading, planning, controlling
c) planning, organising, leading, controlling
d) planning, organising, controlling, leading
A doctor is an example of__________ labour?
a. Skilled
b. Unskilled
c. Semi-skilled
d. Entrepreneur
What do you call a style of leadership that takes account of others' views, opinions and ideas?
a) Laissez-faire
b) People-oriented
c) Democratic
d) Autocratic
Which form of leadership let the employees have more to do and leader do little or no work?
a) Laissez-faire
b) Democratic
c) Authoritarian
d) A mix of laissez-faire and democratic
Leaders who do not listen to others and makes all the decisions themselves.
a. Democratic
b. Laissez-faire
c. Autocratic
d. All of the above
which function of management decides the goals and objectives for the company?
a. staffing
b. leading
c. organizing
d. planning
Leadership style is the general way a manager treats and supervises employees
True
False
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. Democratic
b. Autocratic
c. Laissez-faire
Planning involves the effort to direct and lead people to accomplish the planned work of the organization.
True
False
Just one person is MOST likely responsible for all of the management functions in a
a. new small business
b. large corporation
c. partnership
d. multinational company
The __ management function involves identifying & arranging the work and resources needed to achieve the goals that have been set.
a. organizing
b. planning
c. controlling
d. staffing
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. organizing
b. controlling
c. planning
d. staffing
Who is an Entrepreneur?
What is the difference between an entrepreneur and entrepreneurship?
Give atleast four reasons of starting a business.
What is management?
