231. Combining several business units is called as ______________.
merger.
acquisition.
integration.
retreat.
Correct answer: (A) merger.
232. The duration of short term plan is ______________.
18 months.
16 months.
14 months.
12 months.
Correct answer: (D) 12 months.
233. The external environment factor that includes: Factors that have a less immediate effect on a business such as the nation's rate of inflation or recession, unemployment rate, or standard of living, is ______________.
political factors.
sociological factors.
indirect economic factors.
direct economic factors.
Correct answer: (C) indirect economic factors.
234. A manufacturing company has divided its departments into pattern making, fabric cutting, and fabric coloring. What type of departmentalization is this?
Geography Departmentalization.
Process Departmentalization.
Matrix/Project Departmentalization.
Function Departmentalization.
Correct answer: (B) Process Departmentalization.
235. Which type of organization is permanent and stable?
Formal Organization.
Informal Organization.
Business Or Oganisation.
Strategic Organization.
Correct answer: (A) Formal Organization.
236. The selection of best alternative from many alternatives is known as______________.
selection.
decision-making.
organizing.
budgeting.
Correct answer: (B) decision-making.
237. The decision taken by higher level of management is ______________.
programmed decision.
non-programmed decision.
individual decision.
non-economic decision.
Correct answer: (B) non-programmed decision.
238. A decision taken to meet unexpected situations is known as ______________.
economic decision.
crisis decision.
non-economic decision.
problem decision.
Correct answer: (B) crisis decision.
239. The process of dividing the large monolithic functional organization into small and flexible administrative units is called ______________.
Staffing.
Delegation.
Departmentation.
Control.
Correct answer: (C) Departmentation.
240. The problem-solving process begins with ______________.
clarification of the situation.
establishment of alternatives.
identification of the difficulty.
isolation of the cause.
Correct answer: (C) identification of the difficulty.