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SS3 Commerce
Contributed by: Obalanlege
  • 1. Business management involves __________.
A) Making only profits
B) Planning, organizing, directing, and controlling
C) Only selling goods
D) Hiring workers only
  • 2. The main goal of business management is to __________.
A) Produce only goods
B) Reduce staff
C) Maximize profits and achieve objectives
D) Avoid paying taxes
  • 3. A person responsible for controlling business activities is called a __________.
A) Supplier
B) Worker
C) Manager
D) Customer
  • 4. Planning in business management involves __________.
A) Predicting the future and setting objectives
B) Buying machinery
C) Selling products
D) Paying salaries
  • 5. Controlling in management refers to __________.
A) Hiring staff
B) Advertising
C) Monitoring performance and taking corrective actions
D) Selling goods
  • 6. Organizing in management means __________.
A) Supervising workers only
B) Buying raw materials
C) Writing invoices
D) Arranging resources to achieve objectives
  • 7. Directing in business involves __________.
A) Advertising only
B) Preparing documents
C) Giving instructions and motivating staff
D) Selling goods
  • 8. Which of these is NOT a typical business department?
A) Marketing
B) Tourism
C) Accounting
D) Production
  • 9. The department responsible for keeping financial records is the __________ department.
A) Marketing
B) Human resources
C) Production
D) Accounts
  • 10. Human Resource department deals with __________.
A) Hiring, training, and welfare of employees
B) Warehousing
C) Buying raw materials
D) Selling products
  • 11. A business is socially responsible when it __________.
A) Exploits workers
B) Maximizes profit only
C) Provides safe products and supports the community
D) Avoids taxes
  • 12. Which of the following is a social responsibility of a business?
A) Environmental protection
B) Exploiting resources
C) Paying low salaries
D) Selling poor-quality goods
  • 13. The hierarchy of authority in a business is called __________.
A) Marketing plan
B) Organization structure
C) Profit chart
D) Sales strategy
  • 14. A diagram showing relationships among employees is called an __________.
A) Budget
B) Organization chart
C) Business plan
D) Invoice
  • 15. A tall organization has __________.
A) Many levels of management
B) Few levels of management
C) No manager
  • 16. A flat organization is characterized by __________.
A) No hierarchy
B) Few levels of management and wide span of control
C) Narrow span of control
D) Many levels of management
  • 17. Span of control refers to __________.
A) Number of subordinates a manager can supervise effectively
B) Total profit of a company
C) Number of departments in a business
D) Business capital
  • 18. A wide span of control means __________.
A) One manager supervises few employees
B) No managers
C) Many managers supervise few employees
D) One manager supervises many employees
  • 19. A narrow span of control is suitable for __________.
A) Small businesses only
B) Retail trade
C) Simple tasks
D) Complex tasks requiring close supervision
  • 20. Delegation of authority means __________.
A) Selling goods
B) Hiring employees
C) Paying staff
D) Assigning responsibility to subordinates
  • 21. Authority flows __________ in a business organization.
A) Horizontally only
B) From top to bottom
C) From bottom to top
D) Randomly
  • 22. Nationalization is the process by which __________.
A) Employees control a company
B) Government sells businesses to private owners
C) Businesses merge voluntarily
D) Private business is taken over by the government
  • 23. An advantage of nationalization is __________.
A) Government controls essential services
B) High competition
C) Businesses reduce production
D) Profit only
  • 24. A disadvantage of nationalization is __________.
A) Bureaucracy and inefficiency
B) Employee training
C) Wide coverage of services
D) High profit
  • 25. Nationalization is common in __________.
A) Retail trade
B) Private companies
C) Public utilities and essential industries
D) Small-scale business
  • 26. Social responsibilities of a business include __________.
A) No idea
B) Avoiding legal obligations
C) Paying taxes and supporting community programs
D) Ignoring safety standards
  • 27. The department responsible for promoting and selling goods is the __________.
A) Marketing department
B) Production department
C) Finance department
D) Human resource department
  • 28. Delegation helps managers to __________.
A) Reduce workload and improve efficiency
B) Control sales only
C) Avoid responsibility
D) Fire employees
  • 29. The main objective of business management is __________.
A) Achieving organizational goals efficiently and effectively
B) Employing more people
C) Selling goods at high price
D) Paying taxes only
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