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