It is the simplest form of business organization.

In terms of wealth and power, it is the most important form of business organization

It is form to obtain greater bargaining power from larger economies of scale.

This form of business organization has no legal requirements

It brings together many skilled person with good credit

Tax exempt and members receive patronage refund.

Single ownership

Little capital needed to begin

It is the most significant in terms of money, size and power.

It is considered as the bottom line for most businesses and enterprises.

A little capital is needed to start a business but there is a restricted talent pool.

Public disclosure is often required in this type of business organization.

Non-service patronage may lead to organizational failure.

The owners of this business organization have limited liability and investment liquidity.

This size of enterprise has a total assets of less than 3 million.

This size of enterprise has a total assets of greater than 3 million up to 15 million.

This size of enterprise has a total assets of greater than 15 million up to 100 million.

This size of enterprise has a total assets of greater than 100 million.

This size of enterprise has more than 200 employees.

Diversification involves the broadening of the range of services specifically by adding new lines of service.

Horizontal integration prevents duplication and competition of functions

The extension of business activities to another stage of operation is called vertical integration

The grouping together of business units with similar business activities under the control of the same firm is known as horizontal integration.

Diversifying business is a conversion of agribusiness firm into a multi-purpose type

Horizontal integration and diversification complements each other and are closely related.

The main motive of diversification is to expand the business coverage to a larger service area.

Horizontal integration involves the addition of subsequent stages in the process of movement of farm to table.

Too much vertical integration usually demands a more complex management and requires more capital support

Combination of vertical and horizontal integration gain more competitive advantages than adopting only a single approach

This arrangement ensures quality, volume and reliable supply of raw materials.

The main motive of this approach is to expand the business coverage to larger service areas.

It refers to the acquisition of additional business activities at the same level of the value chain.

This expansion strategy increases the volume of business and higher opportunity to earn profit.

This expansion strategy reduces the risk of failure since other business units can offset the losses incurred by the other units.

It is the effort involved in producing and delivering a final product from supplier's supplier to the customer's customer.

This expansion strategy focuses on the extension of business activities to another stage of operation.

One important concern of this area of management is managing human behavior.

It involves consumer surveys and market research, and setting mechanisms to monitor and control the marketing plan.

It talks about product, packaging design, pricing and distribution strategies.

This area aims to have timely and adequate cash flows to sustain the business operations

It deals with the design and layout of the farm, equipment and facility maintenance.

It involves policies on making investment, financing and dividend decisions of the firm. 

Designing of the organizational structure and personnel program is part of this functional area.

It deals mainly in the acquisition, mobilization, and utilization of funds to operate the business. 

This function ensures that the management is following the right personnel at the right position.

Warehousing of raw materials and finished goods and waste disposal belong to this functional area.

Warehousing of raw materials and finished goods and waste disposal belong to this functional area.

This area is responsible in setting personnel design and program and compensation package of the firm.

This area deals with the utilization of funds to finance the overall operations of the firm.

 It is the art of leading and motivating the subordinates for them to fully contribute to the attainment of the organizational objectives.

It is the process of sending or receiving messages from the supervisor to the subordinates or vice versa.

It involves setting goals and objectives of the firm

It is a choice between various ways of getting a particular thing done.

Its main intention is to eliminate the cause of the problem simply making actions to address the present problems of the firm.

It involves the selection of the right person to occupy the right position.

This action minimizes the effect of potential problem.

This action minimizes the effect of potential problem.

It involves the determination of deviations from the original plan and setting corrective mechanisms to address them

Selecting and implementing the most suited style of leadership and appropriate employee motivation scheme is the ultimate motive of this function of management.

These are inseparable functions of management.

These are usually temporary remedies to address the problem.

It is the process of determining the deviations between what is actually happening versus what is supposed to happen.

It involved in designing the compensation package, fringe benefits, and employee movement.

Which shows the proper communication process?

Do not put all your eggs in one basket

This expansion strategy has an effective coordination and control of business activities.

Which is not true about management?

As potential problem arise, it is followed by formulating of _________.

The following are true about supply chain except:

It increases the purchasing power of money.

The following describes the horizontal integration except:

It narrates all the facts that describe the occurrence of the problem

This form of organization is expensive to set up and subject to oppressive government rules.

The following statements describe partnership except:

When an enterprise has 150 employees, it belongs to _______.

An enterprise with an asset of 200 million.

It serves as benchmark to determine the actual and expected output.

It is a deviation between "actual and anticipated events".

These are artificial persons who run the organization with unlimited lifespan.

It is the stopgap action when the cause of the problem is still unknown.

The following statements describe cooperative except:

This organization benefits from flexibility, secrecy and tax savings.

It is getting things done through people.

This function involves designing of job specification and job description

Which of the following statements describe controlling function of management?

The following are types of action in decision making except:

Which of the following statements describe the directing function of management?