ACTUAL QUESTIONS AND CORRECT
ANSWERS
Which of the following is not a major function of a business? - correct answers profit
making
In a large enterprise, who has the main responsibility for running day-to-day operations? -
correct answers the managing director
The accountant of a firm has the responsibility for: - correct answers financial matters
Who owns a plc ? - correct answers the shareholders
The organization chart of a firm shows: - correct answers the line of authority
Formal organization structure is not concerned with: - correct answers social activities
in the firm
Chain of command is best represented by: - correct answers pyramid structure
Line and staff organization structure are best suited to: - correct answers a public
limited company
Functional organization seeks to solve the problem of: - correct answers the
overburdened line manager
A firm which divides itself into small units is practicing: - correct
answers departmentalization