MGT028

       Which of the following is NOT a factor of production?

•   Labour

•    Land

• Economic system

• Entrepreneurship

• Capital

The following are goals of a business, EXCEPT:

•   limit employment

• provide goods and services

• helping the country to increase the growth rate

• helping the country to increase standard of living

__________ is a process of planning, organizing, motivating and controlling the      organizational resources in order to achieve the organization goals

• Account function

            

• Management function

           

• Information System function

         

• Marketing function

           Which one of the following is NOT an advantage of free economic system?

 

• Freedom of contract

             

• Opportunity to compete

          

• Freedom of choice

• Conflict of interest

Which one of the following is NOT level of goals?

 

 

•     Short-term goal

          

• Intermediate-term goal

      

• Middle-term goal

     

•   Long-term goal

Which one of the following is NOT the characteristic of successful
sole proprietorship?

• Which one of the following is NOT the characteristic of successful
  sole proprietorship?

• They are willing to work long hours

• They have strong organizational skills, leadership skills and communications skills

• They do not have any experience working in the industry

A sole proprietorship has an unlimited liability. This means ___________.

• all earnings go to the sole proprietor.

• the owner is his own boss and has complete control over the way the firm is run. 

       

• there is no limit on the amounts of debts for which a sole proprietor is liable.

• an owner can have access to all funds he needs to run the business

One of the advantages of a corporation is ___________.

 

• limited liability of shareholders

         

• double taxation on profits

        

• lack of personal interest

       

• lack of secrecy

The owners of a corporation are called ______________

 

      

• shareholders

        

•  partners

     

•  stakeholders

     

•  managers 

Intermediate goals are set by __________

 

               

• top manager.

                

• middle manager.

               .

•   mower level manager.

              

•    worker