Top 250+ Solved Functional Areas of Business MCQ Questions Answer
Q. _______________ is responsible for assessing customer wants and needs.
a. Marketing
b. Operation
c. Finance
d. Human resource
Q. _____________is concerned with the design and delivery of advice and financialproducts.
a. Human resource planning
b. Financial services
c. Marketing mix
d. None of the above
Q. _______________ provides a conceptual and analytical framework for financial decision making.
a. Human resource management
b. Financial management
c. Marketing management
d. Nine of the above
Q. Which assets yield a return over a period of time in future
a. Short term assets
b. Long term assets
c. Fictitious assets
d. All of the above
Q. Operation management provide desired utilities of
a. Form
b. Place
c. Possession
d. All of the above
Q. _______________ is the management of systems that creates goods and services.
a. Operations
b. Finance
c. Marketing
d. All of the above
Q. Human resource management consist of
a. Collective bargaining
b. Contract negotiation
c. Grievance handling
d. All of the above
Q. _________________ is that part of management concerned with people at work.
a. Finance
b. Operation
c. Marketing
d. None of the above
Q. _____________ concerned with the main business activities which obtains and convertsresources of the business into goods/services
a. Production management
b. Finance management
c. Marketing management
d. None of the above
Q. Wealth maximization is the acceptable objective because it is
a. Value maximization
b. Based on cash flows
c. Maximizes the market price of shares
d. All of the above
Q. Overseeing the provisions of services is a role of
a. Human resource management
b. Operations management
c. Marketing management
d. None of the above
Q. What function of business is responsible for ensuring that products and services meet high quality standards?
a. Finance
b. Marketing
c. Operations
d. None of the above
Q. The main responsibilities of financial management function is
a. Obtaining capital and resources for expansion or to pay for resources such as equipment and materials.
b. Support for software applications, electronic communications and electronic transactions
c. Maintaining legal rights and responsibilities of employer and employees
d. All of the above
Q. Two businesses are not the same; the functions will vary because of-
a. The size and scale of business
b. The preferences of owner
c. The types of customers
d. All of the above
Q. __________________ concerned with developing new goods/services and updating old ones
a. Sales
b. Consumers Services
c. Research and development
d. None of the above