POB MULTIPLE CHOICE QUESTIONS UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

POB MULTIPLE CHOICE QUESTIONS UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS

Question:
1. which of the following is not a major function of a business?
Answer:
profit making

Question:
2. in a large enterprise, who has the main responsibility for running day-to-day operations?
Answer:
the managing director

Question:
3. the accountant of a firm has the responsibility for:
Answer:
financial matters

Question:
4. who owns a PLC ?
Answer:
the shareholders

Question:
5. the organization chart of a firm shows:
Answer:
the line of authority

Question:
6. formal organization structure is not concerned with:
Answer:
social activities in the firm

Question:
7. chain of command is best represented by:
Answer:
pyramid structure

Question:
8. line and staff organization structure are best suited to:
Answer:
a public limited company

Question:
9. functional organization seeks to solve the problem of: