Top 250+ Solved Functional Areas of Business MCQ Questions Answer
Q. The main functions of human resource management is-
a. To attain maximum individual development
b. To prepare and maintain statement of finance
c. Providing information to the customers
d. Identify links between functions
Q. Which type of function may be performed by the finance manager for management of profitability?
a. Forecasting future profits
b. Pricing
c. Cost control
d. All of the above
Q. Which of the following are covered under the scope of Human Resource Management? (Choose the appropriate code given below)(i) Forecasting Human Resource need(ii) Replacement planning(iii) Human Resource Dynamics(iv) Human Resource Development Planning(v) Human Resource AuditCodes:
a. (i) (iii) and (v)
b. (i) (ii) (iii) and (iv)
c. (iii) and (v)
d. (i) (ii) (iii) (iv) and (v)
Q. Which of the following is not a function of management?
a. planning
b. staffing
c. co-operation
d. controlling
Q. Modern Marketing consists
a. Marketing Strategy and Research
b. Marketing effectiveness
c. Brand Management
d. All of the above
Q. “Marketing is a human activity directed at satisfying needs and wants through exchange processes” is the statement by
a. Philip Kotler
b. Hansi L.V.
c. Peter F. Drucker
d. D.S. Pauler
Q. Which of the following activities is not a direct responsibility of operations management?
a. developing an operations strategy for the operation
b. planning and controlling the operations
c. determining the exact mix of products and services that customers will want
d. designing the operations products, services and process
Q. The major responsibility of production management is
a. Passing information and understanding from one process to another
b. Transformation of inputs into specified outputs
c. Determining the rates of materials and search for supplier
d. Receives demand of materials from different departments of the organisation
Q. One objectives of financial management is
a. Ensuring a fair rate of return to the suppliers of capital
b. Management of cash
c. Disposal of surplus
d. None of the above
Q. The marketing department of an anorganisation
a. Ensures that there is proper utilisation of resources
b. Compensating the employees
c. Delivery of materials to the right person at the right time
d. Distribution of goods and services.
Q. Employment is one of the functions of
a. Human resource management
b. Marketing management
c. Materials management
d. Scientific management
Q. The Personnel management is viewed as
a. l
b. Conflict container
c. Dispute settler
d. None of the above
Q. The Art and Science of managing money is referred to as
a. Banking
b. Finance
c. Wealth maximization
d. Capital management
Q. The traditional phase of financial management evolved during
a. 1920s and 1930s
b. 1930s and 1940s
c. 1900 and 1910s
d. 1950s and 1960s
Q. The principal focus of traditional approach of financial management was
a. long term financial needs
b. short term financial needs
c. medium term financial needs
d. both short and medium term needs