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Fundamentals Of Business Administration > Long Quiz > Flashcards

Long Quiz Flashcards

1
Q

This method will rank the options presented, when an item keeps coming and coming in several options presented by the members of the team, a frequency table may be constructed that will show how many times the item or choice appeared.
a. Brainstorming
b. Comparison Matrix
c. Force-Field Analysis
d. Problem Trees

A

b. Comparison Matrix

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2
Q

One of the innovations introduced by Republic Act No. 11232,._______offer many advantages for small and medium enterprises (SMEs) in terms of limitations on liability and taxation benefits, among others. The benefit of limiting the business owner’s liability is not available in the case of a sole proprietorship.

a. The corporation.

b. The One Person Corporation

c. The sole proprietorship.

d. The partnership

A

b. The One Person Corporation

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3
Q

is an outline of steps designed with the goals of the entire of the entire organization as a whole in mind, rather than with the goals of specific divisions or departments. This planning begins with an organization’s mission?

a. Operational Plans

b. Tactical Plans

c. Strategic Plans

d. Contingency Plans

A

c. Strategic Plans

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4
Q

According to Edgar Schein, a prominent organizational psychologist, all organizations share four characteristics EXCEPT?

a. Coordination of efforts

b. Scalar Chain

c. Division of labor

d. Hierarchy of authority

A

c. Division of labor

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5
Q

The following are the Importance of Organizing EXCEPT?

a. Established channels of communication that enhance decision-making and control.

b. Coordinating mechanisms that ensure harmony among organization members engaged in diversified activities.

c. Decentralized efforts that relate to objectives logically and efficiently.

d. Appropriate authority structures with accountability to enhance planning and controlling throughout the organization

A

c. Decentralized efforts that relate to objectives logically and efficiently.

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6
Q

An entrepreneur is defined as:

a. someone who works for another person in a sales capacity.

b. someone who initiates, undertakes the financial risks of, and manages a new business enterprise.

C. someone who provides financial support for an existing business enterprise.

d. someone who purchases stock in a volatile stock market.

A

b. someone who initiates, undertakes the financial risks of, and manages a new business enterprise.

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7
Q

Organizing translates plans into reality by decisive deployment of resources inside a decision-making structure known as the organizational structure. Effective organizing can provide the following benefits EXCEPT?

a. Clarity of individual performance expectations and specialized tasks.

b Established channels of communication that enhance decision-making and control.

c. Hierarchy of authority

d. Focused efforts that relate to objectives logically and efficiently.

A

c. Hierarchy of authority

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8
Q

The results of the analysis are often expressed as a payback period-this is the time it takes for benefits to repay costs. Many people who use it look for payback in less than a specific period - for example, three years.

a SWOT Analysis

b. Market Research

c. Feasibility Study

d. Cost-benefit Analysis

A

d. Cost-benefit Analysis

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9
Q

is a method for doing or making something and consisting of a goal and a course of action

a Organizing

b Staffing

c. Controlling

d. Planning

A

d. Planning

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10
Q

In terms of percentages, which form of business enterprise is most prevalent in the Philippines?

a The corporation

b. The limited liability partnership

c. The sole proprietorship

d. The partnership

A

c. The sole proprietorship

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11
Q

The activity is ________ if it is undertaken with the expenditure of least amount of resources.
a Time Management

b Strengths

c Effective

d. Efficient

A

d. Efficient

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12
Q

A strategic planning tool that consists of assessing the strengths and weaknesses of a business and the opportunities and Threats that the business is facing

a SWOT Analysis

b Market Research

c Feasibility Study

d Cost-benefit Analysis

A

a SWOT Analysis

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13
Q

The advantages of a sole proprietorship DO NOT include which of the following?

a. The ability to raise capital is limited.

b. They are less costly to start.

C. In terms of management, they are quite flexible

d. Continues its operation in almost each and every area of business activity and caters to the needs of the Society

A

a. The ability to raise capital is limited.

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14
Q

This covers five years or more. The time span varies from one organization to another. It covers expansions development of top managers, large issues of new stocks and bonds, new service development, and new plant construction..

a. Short Range Planning

b. Long-range Planning

c. Intermediate-range Planning

d. Personnel Plan

A

b. Long-range Planning

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15
Q

Are the expected or desired outcome of a planning process, usually broad, general expressions of a community’s guiding principles and aspirations?

a. VISION

b. MISSION

C. GOALS

d. OBJECTIVES

A

C. GOALS

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16
Q

According to this principle, the following are the whole work should be divided among the subordinates or basis of qualifications, abilities and skills which of the statements below is NOT included?

a. Principle of cost-benefit

b. Principle of functional definition

c. Principle of specialization

d. Principle of unity of command

A

a. Principle of cost-benefit

17
Q

The trend at present is that many organization’s department level managers are the ones who prepare the tactical plans and operational plans. The manager needs to consider the employee responsible for the goals?

a. Employee level planning

b. Operational level planning

c. Department level planning

d. Firm level planning

A

c. Department level planning

18
Q

A tool that involves assessing whether a certain project or goal can actually be created or achieved and whether the project is doable in terms of details and commercially viable in terms of scope.

a SWOT Analysis

b. Market Research

c. Feasibility Study

d Cost-benefit Analysis

A

c. Feasibility Study

19
Q

Which of the following is NOT included in the steps that have to be consecutively reiterated in order to ensure that organizing is efficient as possible?

a. Allocating resources and directives for subtasks

b. Dividing major tasks into subtasks

c. Evaluating results of organizing strategy

d. Examine financial plans and confidential funds.

A

d. Examine financial plans and confidential funds.

20
Q

The form of business organization that has the largest sales volume is the:

a The corporation

b. The One Person Corporation

c. The sole proprietorship.

d. The partnership

A

a The corporation

21
Q

is a managerial function that usually comes after planning. It is viewed as the second step in the management
cycle

a Organizing

b Staffing

c. Controlling

d Planning

A

a Organizing

22
Q

The following are General Approaches to Formal Planning EXCEPT?

a Top-down approach

b Interrogative approach

c. Dual approach.

d Bottom-up approach

A

b Interrogative approach

23
Q

Which of the following is probably the most important reason for incorporating?

a Limited liability of shareholders.

b Increased flexibility

c. More money for investment

d Shared management.

A

d Shared management.

24
Q

According to _____ says “Organizing is a function by which the concern is able to define the role positions, the jobs related and the coordination between authority and responsibility. Hence, the manager always has to organize in order to get results.

a. Frederick Taylor

b. Robert Kayosaki

c. Chester Barnard

d Chester Rembrandt

A

c. Chester Barnard

25
Q

All the statements pertaining to the ADVANTAGES of the Corporation are true, EXCEPT?

a Source of capital

b Independent management

c Perpetual life.

d Pass through.

A

b Independent management

26
Q

Which of the following IS NOT an important legal factor to consider when forming a business organization?

a. The liability of owners.

b. The accessibility of transportation.

C. Tax liabilities.

d. Ease of creation.

A

b. The accessibility of transportation.

27
Q

It consists of at least five to 15 incorporators, each of whom must hold at least one share and must be registered with the SEC Minimum paid up capital is P5,000

A

Non stock Corporation

28
Q

This is a corporation with capital stock divided into shares and 28
authorized to distribute to the holders of such shares dividends or allotments of the surplus profits on
the basis of the shares hold

A

Stock Corporation

29
Q

The simplest form of business and the easiest to register, through the Department of Trade and Industry (DTI) It is owned by an individual who has full control/authority of his own and owns all the assets, as well as personally answers for all liabilities or losses

A

Sole Proprietorship

30
Q

A limited liability business that can be organized for profit or not-for-profit. It differs from a not-for-profit corporation in that it has members, as opposed to shareholders, who share decision-making authority.

A

Cooperative

31
Q

Consists of two (who are not husband and wife) or more persons who bind themselves to contribute money, property or industry to a common fund, with the intention of dividing the profits among themselves

A

Partnership

32
Q

The partners manage the company and assume responsibility for the
partnership’s debts and other obligations

A

General partnership

33
Q

____ while the ____ partners serve as investors only: they have no control over the company and are not subject to the same liabilities as the general partners

A

Limited Partnership

34
Q

A partner who contributes services Instead of money or property.

A

Industrial Partner

35
Q

A partner who contributes money or property to the capital of the company

A

Capital is Partner

36
Q

THE FIVE FORMS OF BUSINESS ORGANIZATION

A
  • Sole Proprietorship
  • Partnership
  • Corporation
  • One Person Corporation
  • Cooperative
37
Q

PLANNING PROCESS/STEPS IN PLANNING (IN-ORDER) (7 Steps)

A
  1. Identification of Opportunities and Threats
  2. Evaluation of Present Situation
  3. Setting Goals and Objectives
  4. Determining Planning Premises
  5. Evaluating Alternatives
  6. Programming
  7. Budget Preparation
38
Q

6 PLANNING METHODS AND TOOLS

A
  • Brainstorming
  • Comparison Matrix
  • Force Field Analysis
  • Problem Tree
  • Role Playing
  • SWOT Analysis
39
Q

THE 5 PROCESS OF ORGANIZING

A

Examine plans and Objectives.

Determining major tasks essential to fulfill objectives.

Dividing major tasks into subtasks

Allocating resources and directives Subtasks

-Evaluating results of organizing strategy

Fundamentals Of Business Administration (4 decks)

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