Class 12 - Business Studies - MCQs - Set-1
Q1: _________________is the transfer of authority from superior to subordinate, entrustment of responsibility and creation of accountability of performance.
a) Decentralisation
b) Supervision
c) Delegation
d) Direction
Q2: Business environment differs from country to country, region to region as political conditions and cultures are different in different countries. Which feature of the business environment is being highlighted in the above statement?
a) Uncertainty
b) Relativity
c) Dynamic
d) Specific and general forces
Q3: Identify an important principle of management control in which only significant deviations which go beyond the permissible limit should be brought to the notice of management.
a) Control by exception
b) Management by control
c) Critical point control
d) Both (b) and (c)