In the delegation of authority; the subordinate offer is?
A. accountable to his immediate superior B. responsible for the actions of his superiors C. only answerable to top management D. expected to replace his superior Correct Answer: Option B – accountable to his immediate...
The management function which involves measuring outcomes and taking corrective action to reduce error is?
A. staffing B. organizing C. directing D. controlling Correct Answer: Option A – staffing
One of the disadvantages of privatization is that it?
A. promotes inefficiency of staff B. brings about economic decline C. reduces government revenue D. causes an increase in the prices of products Correct Answer: Option B – brings about economic decline
The transfer of ownership of a business from government to the public is?
A. commercialization B. deregulation C. privatization D. merger Correct Answer: Option A – commercialization
The additional commission paid to agents for guaranteeing payment is?
A. brokerage B. del credere C. drawback D. demurrage Correct Answer: Option B – del credereProducts
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