Session-1 Assessment

What are the important requirement for businesses?

• Entrepreneurial spirit

• Addressing customer’s needs

• Assessing impact of micro & macro factors

• All of above

Business Management operates in ...................... environment.

• Static

• Dynamic

• Both Static and Dynamic

• None of Above

Activities that include bringing the products from the secondary sector to the end consumers, transport of people, communications, and many other services such as education, health, banking, and administration is known as:

• Primary sector

• Informal Sector

• Formal sector

• Tertiary Sector

Economy that works on customs & traditions and for survival is:

• Command economy

• Traditional economy

• Mixed economy

• None

Task to ensure that activities are planned as per benchmark and comparing targeted with actual is:

• planning

• Organizing

• Leading

• Controlling

_________________ power is a person’s innate charisma, arising out of his or her force of personality

• Reward power

• Coercive Power

• Referrent Power

• legitimate Power