Business Management MCQs

✅ The correct answer is option D.
The authority is decentralized in democratic leadership style. Democratic leadership, also known as participative leadership or shared leadership, is a type of leadership style in which members of the group take a more participative role in the decision-making process.

✅ The correct answer is option B.
Strategic Plans are made to achieve the overall organizational goals. The purpose of strategic planning is to set your overall goals for your business and to develop a plan to achieve them. It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.

✅ The correct answer is option B.
The oldest type of organization is line organization. Line organization structure is the oldest and simplest form of organization. In these organizations, a supervisor exercises direct supervision over a subordinate. Also, authority flows from the top-most person in the organization to the person in the lowest rung.

✅ The correct answer is option B.
The process of activity relating to the effective utilization of available resources for production is management. Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.

✅ The correct answer is option D.
Programmed decision is also known as operative decisions. Operational decisions or Operating decisions are decisions made to manage day to day business. Any firm which is into any kind of business is faced with 100 decisions they have to take in a day. These will be as mundane as refilling the water cooler, to as stressful as fulfilling a customers order within minutes.

✅ The correct answer is option A.
The extent to which power and authority are retained at the top is called as centralization. Centralisation or centralization is the process by which the activities of an organization, particularly those regarding planning and decision-making, framing strategy and policies become concentrated within a particular geographical location group.

✅ The correct answer is option C.
Decision making is the selection based on some criteria from two or more possible alternatives is defined by George R. Terry.

✅ The correct answer is option B.
According to Maslow, the satisfied needs do not motivate the workers. Higher needs such as social needs and esteem are not felt until one has met the needs basic to one’s bodily functioning.

✅ The correct answer is option B.
Installation of computer is an example of programme. Installation (or setup) of a computer program (including device drivers and plugins), is the act of making the program ready for execution.

✅ The correct answer is option C.
Authority is the right to comment – defined by Strong. Authority is the right to exercise power, which can be formalized by a state and exercised by way of judges, appointed executives of government, or the ecclesiastical or priestly appointed representatives of a God or other deities.