BUS 105 (CBT 1)

A _________ is a guide to action and provides the direction that all organizational efforts will follow.

Policy

Strategy

Plan

Business document

One of the following is NOT a feature of Limited Liability Company

There is ease of ownership transfer

There is access to additional capital

There is less government regulations

There is continuity

The executive officers can be regarded as the _________ and supervisors and not the administrators or top level managers.

Technical staff

Middle level managers

Lower level managers

Foremen

At the top level, managers spend more time on ________

Technical duties

Planning and organizing

Leading and controlling

Controlling and coordinating

Population and its distribution constitutes the target markets for goods and services. This can be linked with ___________

Social environment

Physical environment

Demographic environment

Political environment

Advantages of line relationship EXCLUDE _________

It gives clarity to the managers

Enables subordinates to appreciate their boss

Does not create confidence in the mind of the manager

Makes subordinates respect the directives of their boss

_______ devote equal time to planning, organizing and leading, that is, equal time to administration and execution.

Foremen

Top level managers

Middle level managers

Lower level managers

________ coordination is when the individual or group receives directive as to what to do and when to do it.

Involuntary

Formal

Impersonal

Direct

________ means the provision of special services to the line managers.

Supporting services

Secretary duty

Supervisory service

Staff relationship

Sole proprietorship or one man business or one woman business advantages EXCLUDE __________

Small registration fee is required

Owner bears the loss alone

The owner is the boss

There is minimum government regulation

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BUS 105 (CBT 1)

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