BUSINESS ORGANIZATION QUIZ
Quiz by Dyan Lemi
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- Q1
1. Which of the following is described as a collection of people working together to achieve a common purpose in relation to the company vision, mission, and objectives?
business
institution
business enterprise
business organization
30s - Q2
Which of the following is an economic activity concerned with the production and distribution of goods and services?
business organization
institution
business
business enterprise
30s - Q3
Which of the following is NOT a characteristic of a business organization?
rigidity
dynamism
risk and uncertainty
commercial activity
30s - Q4
Which of the following is a primary motive of a business organization?
change
profit
efficiency
service
30s - Q5
Which of the following is a modern form of a business organization?
matrix/ virtual,/ team
complex,/virtual/team
matrix/ simple/ virtual
simple / complex /matrix
30s - Q6
Which of the following is a traditional form of a business organization?
simple
team
virtual
matrix
30s - Q7
Which of the following form of business organization is arranged based on similarity of work or specialization?
open or flexible
divisional / functional
functional
simple
30s - Q8
Which of the following is a profit business organization owned by one person?
partnership
cooperative
sole proprietorship
corporation
30s - Q9
Which of the following is a profit business organization owned by two or more persons?
sole proprietorship
partnership
corporation
cooperative
30s - Q10
Which of the following profit business organization is the easiest to create given a small capital requirement?
partnership
corporation
cooperative
sole proprietorship
30s