1. Which of the following does not characterize the business environment ? Uncertainty Employees Relativity Complexity 2. Which of the following best indicates the importance of business environment ? Identification Improvement in performance Coping with rapid changes All of them 3. Which of the following is an example of social environment ? Money supply in the economy Consumer protection act The constitution of the country Composition of family 4. Liberalization means ; Integration among economies Reduced govt. controls and restrictions Policy of planned disinvestment None of them 5. Which of the following does not explain the impact of govt. policy changes on business and industry ? More demanding costumers Increasing competition Change in agriculture prices Market orientation 6. Which of the following is not an element of delegation ? Accountability Authority Responsibility Informal organisation 7. A network of social relationship that arises spontaneous due to interaction at work is called ; Formal organisation Informal organisation Decentralization Delegation 8. Which of the following does not follow the scalar chain ? Functional structure Divisional structure Formal organisation Informal organisation 9. A tall structure has a ; Narrow span of management Wide span of management No span of management Less level of management 10. Centralization refer to ; Retention of decision making authority Dispersal of decision making authority Creating divisions as profit centers Opening new centers or branches 11. For delegation to be effective it is essential that response be accompanied with necessary. Authority Manpower Incentives Promotions 12. Span of management refers to Number of managers Length of term for which a manager is appointed Number of subordinates under a superior Number of members in top management 13. The form of organisation known for giving rise to rumors is called ; Centralized organisation Decentralized organisation Informal organisation Formal organisation 14. Grouping of activities on the basis of products lines is apart of ; Delegated organisation Divisional organisation Functional organisation Autonomous organisation 15. Grouping of activities on the basis of functions is a part of ; Decentralized organisation Divisional organisation Functional organisation Centralized organisation Loading … Question 1 of 15 Business class 12 Business Environment and Organizing Business class 12 Directing Business class 12 Financial Management Business class 12 Financial Market Business class 12 Nature, Significance and Principle of
