Business English and Economics Quiz
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Questions and Answers

What is the function of management related to creating a detailed action plan for the future?

  • Directing/Guiding/or Leading Function
  • Staffing Function
  • Planning Function (correct)
  • Organizing Function

    • Which type of business organization is specifically mentioned in the text?

  • Cooperative
  • Sole Proprietorship (correct)
  • Franchise
  • Joint Venture

    • Which management style involves a leader who makes decisions without consulting others?

  • Democratic Management
  • Laissez Faire Management
  • Paternalistic Management
  • Autocratic Management (correct)

    • What is the function of management related to the coordination of resources and tasks?

    <p>Organizing Function</p> Signup and view all the answers

    Which type of organization is focused on members' common interests and may operate for educational, charitable, or social purposes?

    <p>Nonprofit Organization</p> Signup and view all the answers

    What is the term used for the function of management related to the coordination of resources and tasks?

    <p>Organizing Function</p> Signup and view all the answers

    Which type of organization may operate for educational, charitable, or social purposes?

    <p>Nonprofit Organization</p> Signup and view all the answers

    What is the term for a business organization where the liability of the owners is limited to the amount of their investment?

    <p>Corporation</p> Signup and view all the answers

    Which management style involves a leader who makes decisions without consulting others?

    <p>Laissez Faire Management</p> Signup and view all the answers

    What is the term for the function of management related to monitoring performance and taking corrective actions?

    <p>Controlling Function</p> Signup and view all the answers

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