Sample Business Management 01

An association of two or more persons who come together to form business with a view to making profit is known as

Which of the following is not true of an organizational chart?

The basic steps in decision-making process in an organization include
I . Establishing objectives
II Gathering information
III Developing possible alternative course of action
IV. Employing many decision makers

V. Appointing board of directors

Which of the following is essential part of a valid contract?

One advantage of sole proprietorship is

The annual revenue and expenditure of government are projected in the

Money serves as?
I. medium of exchange
II. a unit of wealth
III. measure of wealth
IV store of value
V balance of payment

Which of the following is a principal underling all insurance policies

One problem associated with a developing economy is

Trade between two different countries or between companies in different countries is referred to as

Which of the following economic unions is made up of countries in West Africa

Which of the following is not a function performed by a computer?

Which of the following is not management function?

Recruitment and training in large business organization are functions of

Performance appraisal is a means of

All activities that direct the flow of goods and services from the producer to the consumer and assist to accomplish a change of ownership can be referred to as

A person who finally buys a product not with the intention of selling but rather making use of the product to achieve some level of satisfaction is called

The life cycle of a typical product may be divided into

Bank overdraft may be classified as a

Which of the following is not a factor of production?