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Forms of Business Organisations Test - 11

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Forms of Business Organisations Test - 11
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The first co-operative society started in Karnataka was at _____.
    Solution
    Kanaginahal village of Gadag District in Karnataka was the first cooperative Society formed under First Cooperative law of India.
    Named by Agricultural Credit Cooperative Society
  • Question 2
    1 / -0
    In 1919 the co-operative societies were included in the ____ .
    Solution
     In 1919 there was Administrative Reforms and Cooperatives were made a provincial (state) subject making each province (state) responsible for Cooperative movement and development.
  • Question 3
    1 / -0
    The Co-operative Movement was started in India in ____.
    Solution
    The British government establish credit cooperative societies in the villages. The first Cooperative Credit So­cieties Act was passed in 1904.
  • Question 4
    1 / -0
    Which organisation is known as scalar or military organisation?
    Solution
    Line organisation is known as military or scalar organisation as the authority in line organisation flows directly and vertically from the top level to middle level and then finally reach to lower level of management. The authority, responsibility and accountability are clearly defined in line organisation. 
  • Question 5
    1 / -0
    Functional organisation is suitable for _____.
    Solution
    Functional organisation is suitable for large and medium sized concerns because there is a grouping of the activities of an organisation into certain major functional departments like IT, finance or marketing. Under functional organisation, various specialists are for various functions performed in an organisation. 
  • Question 6
    1 / -0
    The oldest form of organisation is ______.
    Solution
    Line organisation is the oldest form of an organisation. It is the simplest form of organisation as it is very simple to understand and simple to operate. The personnel in line organisation is involved directly towards the achievement of organisational goals. 
  • Question 7
    1 / -0
    Line organisation is suitable for _______.
    Solution
    Line organisation is suitable for small concerns as it provides for greater control and discipline in the organisation. Rapid decision making is possible in line organisation as communication is very fast and easy and feedback can be acted upon faster making effective coordination possible. 
  • Question 8
    1 / -0
    The main advantage of functional organization is _________.
    Solution
    The functional organisation refers to the organisation formed by grouping of jobs of similar nature under major functions and organising these functions as separate departments such as human resource, finance etc, and it leads to simplicity in the working process.
  • Question 9
    1 / -0
    The structure of an organisation in which there is separation of ownership and management is called ________.
    Solution
    Company is a form of business organisation in which there is a separation of ownership and management. Company as a legal person has a separate entity different from its members and is managed by the Board of Directors elected by the shareholders.
  • Question 10
    1 / -0
    The board of directors of a joint stock company is elected by the _______________.
    Solution
    The board of directors of a joint stock company are elected by the Shareholders. Every shareholder is entitled to vote without considering the number of shares held by him/her. It leads to the democratic election of directors.
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