BOM quiz 3

Morals and behavior in business situations

• Business responsibility

• Business values

• Business morals

• Business ethics

What term refers to the way in which a business tries to balance its commitments to groups and individuals in its social environment?

• Business ethics

• Stakeholder consciousness

• Social responsibility

• Socialisation

What is the simplest form of business organization?

• Sole proprietorship

• Partnership

• Corporation

• None of the above

It is a group of people who work together to achieve common goal.

• Business

• Organization

The line of authority from the highest executive to the lower one for the purpose of communication is known as

• Unity of command

• Order

• Scalar chain

• Unity of direction

-----------process of thinking before doing

• Planning

• Organizing

• Staffing

• implementation

------ refers to a continuing decision which applies to repetitive situations.

• Planning

• Policies

• Order

• Forecasting

---------- is the Customary method for handling future activities is known as

• policies

• Procedures

• Rules

• strategy

-------------Decisions are repetitive in nature

• Major and supplementary

• Organisational and personal

• Basic and routine

• Group and individual

MBO stands for---------

• Management by objectives

• Major basic order

• Minimum bearing objectives

• Management before order