Business Studies Test

Result

Business Studies Test - 30

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
5 / -1

How many principles are given by Henri Fayol?

A
16

B
18

C
20

D
14

Solution

Henri Fayol developed the concept of general theory of administration through 14 principles of management and he was a practitioner explained what must be included as managerial tasks to improve overall administration. Information based on personal experience while working in various managerial positions.
Question 2
5 / -1

Unity of direction is concerned with____________

A
One Head One Plan

B
One Head Different Plans

C
Planning by Production manager

D
Planning by Employees

Solution

Unity of direction and unity of command are quite similar but there is main difference that in unity of command there should be one boss of a employee that can give order to him but in unity of direction there should be one plan that is most important and head can order to that employees that are related to that plan only.
Question 3
5 / -1

Gang Plank means ___________

A
Indirect Contact

B
Contact not allowed

C
Direct Contact

D
Appointment before Contact

Solution

Communication through the scalar chain may involve delays when two subordinates or employees at the same level want to exchange ’ information. Thus, Fayol suggested the concept of ‘Gang Plank’ to avoid delays and allow direct communication between two subordinates at the same level. Gang Plank is useful as it helps in making direct contact in case of emergency. This idea of Fayol shows that his principles are flexible and can be modified as per the situation.
Question 4
5 / -1

Read the passage and answer the question that follow:

Planning is a fundamental managerial function that sets the direction for the entire organization. It involves setting clear objectives, defining the activities needed to achieve them, and deciding on the best course of action. The process includes creating premises, evaluating alternatives, and selecting the best plan to meet the objectives. Effective planning ensures that the organization is focused, avoids redundant efforts, and prepares for any uncertainties or changes in the business environment. However, planning is not a one-time event; it is a continuous process that requires regular updates to adapt to new challenges and opportunities.

What is the first step in the planning process?

A
Developing alternatives

B
Setting objectives

C
Evaluating risks

D
Implementing the plan

Solution

Setting objectives

The passage clearly states that setting objectives is the first step in the planning process.
Question 5
5 / -1

Read the passage and answer the question that follow:

Planning is a fundamental managerial function that sets the direction for the entire organization. It involves setting clear objectives, defining the activities needed to achieve them, and deciding on the best course of action. The process includes creating premises, evaluating alternatives, and selecting the best plan to meet the objectives. Effective planning ensures that the organization is focused, avoids redundant efforts, and prepares for any uncertainties or changes in the business environment. However, planning is not a one-time event; it is a continuous process that requires regular updates to adapt to new challenges and opportunities.

Why is planning considered a continuous process?

A
Because it involves a one-time event

B
Due to the need for regular updates based on new conditions

C
Because it is time-consuming

D
Because it focuses only on the present

Solution

Due to the need for regular updates based on new conditions

The passage explains that planning is continuous as it requires regular updates to adjust to changes in the business environment.
Question 6
5 / -1

Read the passage and answer the question that follow:

Planning is a fundamental managerial function that sets the direction for the entire organization. It involves setting clear objectives, defining the activities needed to achieve them, and deciding on the best course of action. The process includes creating premises, evaluating alternatives, and selecting the best plan to meet the objectives. Effective planning ensures that the organization is focused, avoids redundant efforts, and prepares for any uncertainties or changes in the business environment. However, planning is not a one-time event; it is a continuous process that requires regular updates to adapt to new challenges and opportunities.

What role does planning play in an organization?

A
It helps in decision-making

B
It increases competition

C
It provides direction and avoids redundancy

D
It reduces employee involvement

Solution

It provides direction and avoids redundancy

The passage emphasizes that planning provides direction and minimizes redundant efforts by coordinating actions within the organization.
Question 7
5 / -1

Read the passage and answer the question that follow:

Planning is a fundamental managerial function that sets the direction for the entire organization. It involves setting clear objectives, defining the activities needed to achieve them, and deciding on the best course of action. The process includes creating premises, evaluating alternatives, and selecting the best plan to meet the objectives. Effective planning ensures that the organization is focused, avoids redundant efforts, and prepares for any uncertainties or changes in the business environment. However, planning is not a one-time event; it is a continuous process that requires regular updates to adapt to new challenges and opportunities.

What is meant by 'premises' in the context of planning?

A
Actual goals to be achieved

B
Time frames for project completion

C
Financial resources needed

D
Assumptions made about the future

Solution

Assumptions made about the future

'Premises' refer to assumptions about the future, which form the basis for making plans, as per the passage.
Question 8
5 / -1

Read the passage and answer the question that follow:

Planning is a fundamental managerial function that sets the direction for the entire organization. It involves setting clear objectives, defining the activities needed to achieve them, and deciding on the best course of action. The process includes creating premises, evaluating alternatives, and selecting the best plan to meet the objectives. Effective planning ensures that the organization is focused, avoids redundant efforts, and prepares for any uncertainties or changes in the business environment. However, planning is not a one-time event; it is a continuous process that requires regular updates to adapt to new challenges and opportunities.

How does planning help organizations deal with uncertainties?

A
By predicting all possible future events

B
By preparing for changes and anticipating challenges

C
By avoiding changes altogether

D
By minimizing the importance of objectives

Solution

By preparing for changes and anticipating challenges

The passage states that planning allows organizations to prepare for changes and manage uncertainties in the business environment.
Question 9
5 / -1

Export promotion is concerned with _________

A
Privatisation

B
Globalisation

C
Liberalisation

D
None of these

Solution

Globalization means interaction of a company or an organization with world economy. Importing and exporting is one of the major factor of globalization, hence export promotion is concerned with globalization.
Question 10
5 / -1

What will be the affect of increase in tax by the government?

A
Increase in cost of production

B
Creates fear in the minds of investors

C
Increase in profit margin

D
None of these

Solution

Tax is paid by the owners of the business or a company to the government, such taxes are included in the cost of production. Production costs can include a variety of expenses, such as labor, raw materials, consumable manufacturing supplies, and general overhead.

Therefore, an increase in taxes will definitely increase the cost of production and will reduce the profits.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Business Studies Test - 30

Result

Business Studies Test - 30

Score

-

Rank

-

SHARING IS CARING

Question 1

16

18

20

14

Solution

Question 2

One Head One Plan

One Head Different Plans

Planning by Production manager

Planning by Employees

Solution

Question 3

Indirect Contact

Contact not allowed

Direct Contact

Appointment before Contact

Solution

Question 4

Developing alternatives

Setting objectives

Evaluating risks

Implementing the plan

Solution

Question 5

Because it involves a one-time event

Due to the need for regular updates based on new conditions

Because it is time-consuming

Because it focuses only on the present

Solution

Question 6

It helps in decision-making

It increases competition

It provides direction and avoids redundancy

It reduces employee involvement

Solution

Question 7

Actual goals to be achieved

Time frames for project completion

Financial resources needed

Assumptions made about the future

Solution

Question 8

By predicting all possible future events

By preparing for changes and anticipating challenges

By avoiding changes altogether

By minimizing the importance of objectives

Solution

Question 9

Privatisation

Globalisation

Liberalisation

None of these

Solution

Question 10

Increase in cost of production

Creates fear in the minds of investors

Increase in profit margin

None of these

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.