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Question 1:

What is the primary goal of organizational restructuring?

To align the organization’s structure with its strategic objectives To decentralize all decision-making processes To reduce the total number of employees To increase the number of managerial positions

Question 2:

Which type of organizational structure is characterized by a strong emphasis on hierarchical authority and control?

Hierarchical structure Horizontal structure Network structure Virtual structure

Question 3:

The document that outlines the rules and regulations for the governance of a Joint Stock Company is called:

The Articles of Association The Certificate of Incorporation The Memorandum of Association The Prospectus

Question 4:

Which type of organizational structure is characterized by a strong emphasis on hierarchical authority and control?

Horizontal structure Network structure Hierarchical structure Virtual structure

Question 5:

Which of the following is a characteristic of a cooperative society?

Centralized management Voluntary membership and democratic control Ownership by shareholders Profit maximization as the primary goal

Question 6:

Decision-making is primarily concerned with:

Allocating resources efficiently Choosing the best alternative among several options Monitoring and controlling activities Establishing goals and objectives

Question 7:

Which of the following is not a principle of management according to Henri Fayol?

Esprit de corps Profit maximization Unity of command Division of work

Question 8:

In a Joint Stock Company, the ownership is represented by:

Shares Debentures Partnerships Bonds

Question 9:

The process of converting a private limited company into a public limited company involves:

Reducing the number of shareholders Increasing the minimum share capital Issuing shares to the general public Decreasing the number of directors

Question 10:

The highest governing body in a Joint Stock Company is the:

General Meeting of Shareholders Chief Executive Officer Management Committee Board of Directors

Quiz: Business Organization & Management