Top 250+ Solved Functional Areas of Business MCQ Questions Answer
Q. The process by which companies creates value for customers and build strong customer relationships in order to capture value from customers in return is known as
a. marketing mix
b. marketing
c. customer satisfaction
d. customer relationship
Q. The marketing logic by which the business unit hopes to achieve its marketing objectives is known as
a. market segmentation
b. marketing strategy
c. marketing mix
d. marketing analysis
Q. ______ are the most important asset of an organization
a. finances
b. human resources
c. outstanding workers
d. goodwill
Q. Providing working conditions that employees believe are necessary in order to maintain their commitment to the organization is
a. motivation function
b. acquisition function
c. development function
d. maintenance function
Q. What function of business is responsible for ensuring that products and services met high quality standards?
a. Finance
b. Marketing
c. Operations
d. None of the Above
Q. Marketing management includes_________the product & services.
a. Advertising
b. Branding
c. placing
d. All of the Above
Q. _________means the conversion of raw materials into finished products with the help of certain processes.
a. Marketing
b. Financial
c. Production
d. None of the Above
Q. The first man who advocated the view that the management should and can be taught is:
a. Harold Koontz
b. Terry
c. Louis Allan
d. Henry Fayol
Q. Management and administration are
a. Same
b. Different
c. partly same & partly different
d. Same & different
Q. Financial management is mainly concerned with
a. All aspects of acquiring and utilising financial resources for firm’s activities
b. Arrangement of funds
c. Efficient management of every business
d. Profit maximisation
Q. The primary goal of the financial management is
a. To maximize the return
b. To minimize the risk
c. To maximize the wealth of owners
d. To maximize profit