Business Organisation & Management Quiz
1. The liability of a minor partner is limited to the extent of:
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Answer: a. His share in the firm
2. Maximum number of persons permissible for a valid partnership for doing a banking business is:
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Answer: b. 10
3. Who has given fourteen principles of management?
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Answer: b. Henri Fayol
4. Expectancy theory is an example of:
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Answer: a. Process Theory
5. Which step in Maslow’s Hierarchy of Needs Theory deals with achieving one’s potential?
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Answer: a. Self Actualisation
6. Who proposed “bureaucratic structure” is for all organizations?
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Answer: d. Max Weber
7. According to ———-employees love work as play or rest.
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Answer: b. Y Theory
8. Taylor put forward the idea of:
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Answer: c. Functional Foremanship
9. Free Rein leadership is also known as:
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Answer: c. Laissez Faire
10. What is MBO?
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Answer: a. Management By Objectives