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Nature of Business and Organizational Chart

Total questions: 51

Worksheet time: 31mins

Name
Class
Date
1.
The best definition of a firm's  organizational structure is
a)
it shows exactly what job everyone does
b)
it shows a plan of the offices and factory
c)
it shows the management structure & responsibilities
2.
The chain of command in an organisation is
a)
the link that exists between different departments
b)
the method of communication used in the organisation
c)
the line of authority flowing down the organisation
3.
The span of control can be defined as
a)
the number of subordinates directly controled by one manager
b)
the number of departments in a business
c)
the number of managers who report directly to each worker
d)
the number of levels in a firm's hierarchy
4.
One of the benefits of wider spans of control is that
a)
delegation is wanted as many people are heard by the manager
b)
it will lead to a long chain of command
c)
there will be more managers in the organisation
5.
When businesses "delayer" their organisational structure then the span of control will
a)
fall and the chain of command will lengthen
b)
increase and the chain of command will shorten
c)
 fall and the chain of command will be shorter
d)
increase and the chain of command will be longer
6.
Which of the following is not an example of a functional department in a business?
a)
Finance
b)
Marketing
c)
 Information Technology
d)
Production
7.
An advantage of a short chain of command is that
a)
the company will gain unlimited liability
b)
managers will have greater bonuses
c)
fringe benefits will become more common
d)
communication between managers and staff will improve
8.

Organizational chart is

a)

a picture on the wall of the business

b)

a diagrammatic representation of the structure and reporting relationships in the organization

c)

a chain of command

d)

determining which which employee will be promoted the next hierarchical position

9.

Which organizational chart represents direct reporting relationships

a)

line

b)

line and staff

c)

flow

d)

functional

10.

The relationship which shows who reports to whom in an organization is referred to as:

a)

Chain of command

b)

unity of command

c)

span of control

d)

hierarchy

11.

A situation where a subordinate reports to one supervisor is

a)

chain of command

b)

unity of command

c)

span of control

d)

hierarchy

12.

What is chain of command?

a)

lawless and disorganized organization

b)

allowance for the officers

c)

rejecting instruction from the boss

d)

instruction passed from one person at the top

13.

The span of control in a tall organizational chart is narrow

a)

true

b)

false

14.

The span of control of an individual is the number of people that he or she manages or supervises directly.

a)

True

b)

False

15.

Simple structures are flexible and inexpensive, but are often only effective in small organizations.

a)

True

b)

False

16.

Louise and Susan are meeting to plan a new advertising campaign for the town newspaper they own. What type of business do they have?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

17.

Maria is using her savings to open a shop selling clothing from Mexico. What type of business is it?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

18.

Marco's computer repair business has limited financial resources. What type of business is it?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

19.

When Luigi's Pizzeria went out of business, he was still responsible for paying all of the restaurant's bills. What type of business did he have?

a)

Sole Proprietorship

b)

Partnership

c)

Corporation

20.

When one owner dies, the business usually ends. What type of business is it?

a)

Sole Proprieetorship

b)

Partnership

c)

Corporation

21.

What is a Sole Proprietorship?

a)

A business where 2 or more people share ownership

b)

A business owned by shareholders

c)

A business that is owned by one individual

22.

Which of the following is an advantage of sole proprietorship?

a)

Owner has complete control

b)

Owner gets all the stress

c)

Cannot raise capital

d)

All the above

23.

Business owned by shareholders is

a)

Partnership

b)

Sole proprietorship

c)

Corporation

d)

Franchise

24.
What is a franchise?
a)
Where a business sells the rights to their brand
b)
Where you have full control
c)
Where you keep all the profits
25.
Which is a franchisor?
a)
Starts a business
b)
Takes over a business
c)
Buys into an existing brand
d)
Allows others to use their brand name
26.

Which of the following is the disadvantage of the franchisor?

a)

May loose local variety and choice

b)

Regular payments to franchisor

c)

looses Independence in running the business

d)

if badly run, the brand will suffer

27.
True or False:  A Franchisee has total control of their business
a)
TRUE
b)
FALSE
28.
TRUE or FALSE - The Franchisee can benefit from using the brand name of the Franchise, as well as advertising and marketing
a)
TRUE
b)
FALSE
29.
What is a franchise?
a)
Where a business sells the rights to their brand
b)
Where you have full control
c)
Where you keep all the profits
30.
Fee paid from franchisee to franchisor based on percentage of sales
a)
royalty fee
b)
franchise fee
c)
advertising fee
d)
license fee
31.
Opening a branch of a successful business as a Franchise, is a guaranteed way of making money
a)
TRUE
b)
FALSE
32.

Joint Venture means two or more parties co-operate on a particular project without forming a permanent business entity.

a)

True

b)

False

33.

A joint venture is when two or more businesses decide to work together and set up a new business

a)

True

b)

False

34.
Joint Venture can be explained as
a)
A long term partnership
b)
temporary partnership established to achieve specific purpose
35.
Name the two broad categories of business activities.
a)
 Trade and commerce 
b)
 trade and industry 
c)
industry and commerce
d)
none of these
36.

Oil refinery is a example of

a)

Synthetical industry

b)

Assembling industry

c)

Analytical industry

d)

Processing industry

37.

Cattle

breeding farms, poultry farms, and

fish hatchery come under which type of industries?

a)

Manufacturing industries

b)

Extractive industries

c)

Secondary industries

d)

Genetic industries

38.
Commerce includes activities relating to trade and ____________
a)
Supporting 
b)
subsidiaries 
c)
auxiliaries to trade
d)
none of these
39.

The processing of raw materials into finished products falls under the category of-

a)

Primary Industry

b)

Secondary Industry

c)

Tertiary Industry

d)

None of these

40.

Banking is an example of ____________ industry.

a)

Primary

b)

Secondary

c)

Tertiary

41.

What is an economic activity that processes raw materials and machinery to produce goods and services?

a)

Industrializing

b)

Manufacturing

c)

Sectorisation

d)

Developing

42.

What is an industry?

a)

A place where people sell and buy food

b)

Farming Lands

c)

Group of manufacturers producing goods or services

43.

Which of the following cannot be classified as an auxiliary to trade?

a)

(i) Mining

b)

(ii) Insurance

c)

(iii) Warehousing

d)

(iv) Transport

44.

The industries which provide support services to other industries are known as

a)

(i) Primary industries

b)

(ii) Secondary industries

c)

(iii) Commercial industries

d)

(iv) Tertiary industries

45.

_____ performs a useful function by matching supply with demand

a)

Warehousing

b)

Advertisement

c)

Insurance

d)

All of the Above

46.

Who provide credit facility, loans etc?

a)

Insurance

b)

Banks

c)

Transport

d)

None of the Above

47.

Risks cannot be avoided completely but they can be minimized by taking insurance policy?

a)

True

b)

False

48.

Creates a strong desire in consumer to buy the products?

a)

Transport

b)

Advertisement

c)

Insurance

d)

Banks

49.

Posters , hoardings at prominent places, neon signs boards etc. are indoor advertising?

a)

True

b)

False

50.
Which of the following is not a type of external trade-
a)
export 
b)
import
c)
entrepot
d)
retail 
51.

Fishing is what type of industry?

a)

Primary

b)

Secondary

c)

Tertiary

d)

commercial

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