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220+ Functional Areas of Business Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .

101.

Steps in human resource planning does not include

A. Current manpower inventory
B. Manpower forecasting
C. Personnel policies
D. Employment program
Answer» C. Personnel policies
102.

Employment interview is one of the important steps in-

A. Hiring
B. Selection
C. Recruitment
D. Training
Answer» B. Selection
103.

The preventive machinery for handling industrial disputes includes-

A. National tribunal
B. Voluntary Arbitration
C. Labour Court
D. Collective bargaining
Answer» D. Collective bargaining
104.

Which one the following is not the operative function of HRM?

A. Development
B. Controlling
C. Compensation
D. Procurement
Answer» B. Controlling
105.

Human Resource Planning (HRP) includes:

A. analyzing the corporate and unit level strategies
B. demand forecasting of the overall human requirements
C. supply forecasting
D. all of the above
Answer» D. all of the above
106.

Recruitment is concerned with the process of:

A. selection of right candidate
B. developing a pool of potential employees
C. inviting application for jobs
D. none of the above
Answer» B. developing a pool of potential employees
107.

Which of the following is not necessary for promotion from within?

A. job posting
B. advertisements
C. personal record
D. performance appraisal form
Answer» B. advertisements
108.

Which of the following is not the part of the scope of industrial relations?

A. Labor relation
B. Employees-employer relation
C. Group relation
D. None of these
Answer» D. None of these
109.

The Industrial Disputes Act was enacted and came into force in the year

A. 1947
B. 1957
C. 1943
D. 1953
Answer» A. 1947
110.

Identify the correct definition of Industrial Relation

A. relation between or among human being
B. relation between employer and employees
C. relation between parties in employment context
D. collective relationship between management and trade unions
Answer» D. collective relationship between management and trade unions
111.

Which of the following is the employer-employee authority relationship that follows the chain of command?

A. Staff authority
B. Line authority
C. Referent power
D. Functional authority
Answer» B. Line authority
112.

Aptitude test is used to judge

A. The mental capacity of the applicant
B. The potential for learning skill
C. The skills already acquired by individuals
D. The interest patterns of applicant
Answer» A. The mental capacity of the applicant
113.

One of the factors that govern the wage level is

A. Bargaining power of Trade Union
B. The absence of Trade Union
C. The economy of the country
D. None of the above
Answer» A. Bargaining power of Trade Union
114.

A committee consisting of equal number of representatives of employer and workmen for settlement of dispute is called

A. Board of Conciliation
B. Labour Court
C. Works Committee
D. Court of Enquiry
Answer» C. Works Committee
115.

The relation between the number of persons joining the organisation and leaving due to resignation, retirement or retrenchment is called

A. Work load analysis
B. Work force analysis
C. Labour turnover
D. Absenteesm
Answer» C. Labour turnover
116.

When employees are taken through a short course under working conditions that approximate actual office conditions it is known as

A. Under study
B. On the job training
C. Coaching
D. Vestibule
Answer» D. Vestibule
117.

The process of forecasting, developing and controlling by which a firm ensures it has the right number of people at the right place and time is

A. Human resource planning
B. Human resource management
C. Human resource development
D. Human resource information system
Answer» A. Human resource planning
118.

Human resource planning which helps to plan for educational facilities, health care facilities, agricultural and industrial development etc is

A. HRP at national level
B. HRP at sectoral level
C. HRP at industry level
D. HRP at the unit level
Answer» A. HRP at national level
119.

______ training program tends more towards education than merely on the vocational training

A. refresher 19
B. apprenticeship
C. induction or orientation
D. internship
Answer» B. apprenticeship
120.

The factories Act 1948 came into force on

A. 1st April 1949
B. 1st April 1948
C. 3rd May 1949
D. 2nd October 1949
Answer» A. 1st April 1949
121.

A plan originated to encourage efficiency amongst workers as well as to guarantee them wages according to time basis is

A. Rowan plan
B. Taylors differential piece wage plan
C. Bedeaux Point premium plan
D. Halsey plan
Answer» D. Halsey plan
122.

If the employee feels aggrieved, the employee should file a written complaint within

A. 10 days of occurrence
B. 20 days of occurrence
C. 15 days of occurrence
D. 30 days of occurrence
Answer» B. 20 days of occurrence
123.

The President shall appoint the staff Grievance Committee which shall consist of

A. 20 staff members
B. 10 staff members
C. 30 staff members
D. 5 staff members
Answer» A. 20 staff members
124.

Both the employee and the supervisor have the right to appeal to the

A. Chairman
B. President
C. HR Manager
D. Director
Answer» B. President
125.

___________are used to judge the mental capacity of the appolicant.

A. Aptitude tests
B. Interest test
C. Intelligence tests
D. Proficiency test.
Answer» C. Intelligence tests
126.

On-the-job training includes

A. Coaching
B. Under study
C. Position rotation
D. All of the above
Answer» D. All of the above
127.

Human Resource Development (HRO) can be used in_____level.

A. Macro
B. Micro
C. Both a and b
D. None of these
Answer» C. Both a and b
128.

_________is an important link between the employers and the leaders of the workers.

A. Personnel manager
B. Sales manager
C. Production manager
D. None of the Above
Answer» A. Personnel manager
129.

Which training programme tends more towards education than merely on the vocational training?

A. Internship training
B. Refresher training
C. Apprenticeship training
D. Orientation training
Answer» C. Apprenticeship training
130.

Human Resource Management is

A. A staff functions
B. A line function
C. Both a and b
D. None of the Above.
Answer» A. A staff functions
131.

The ______and control systems should be altered to support the strategic HR function.

A. Appointment
B. Reward
C. Job allotment
D. None of the Above.
Answer» B. Reward
132.

Human Resource professionals has to be skilled in the art of

A. Clarifying
B. Handling people
C. Both a and b
D. None of the Above
Answer» A. Clarifying
133.

The pricing strategy which sets a very high initial price for the new product so as to make maximum profit is

A. Discriminating pricing
B. Penetration pricing
C. Psychological pricing
D. Skimming the cream pricing
Answer» D. Skimming the cream pricing
134.

The placing element of the marketing mix refers to

A. The distribution
B. The marketing channels
C. The middlemen/The intermediaries
D. All of the above
Answer» D. All of the above
135.

Marketing management includes

A. Advertising
B. Branding
C. Placing
D. All of the above
Answer» D. All of the above
136.

Which of the following is not considered a type of reseller?

A. Wholesaler
B. Retailer
C. Manufacturer
D. Distributor
Answer» C. Manufacturer
137.

The promotion “P” of marketing is also known as

A. Product differentiation
B. Distribution
C. Cost
D. Marketing communication
Answer» D. Marketing communication
138.

The skimming , penetration, bargaining, and bundling are decided in the __________________ of marketing mix.

A. Price decisions
B. Place decisions
C. Product decision
D. Promotion decision
Answer» A. Price decisions
139.

Which of the following is not part of marketing communication mix?

A. Telemarketing
B. Public relation
C. Sales promotion
D. Advertising
Answer» A. Telemarketing
140.

Which of the following is not included in product decisions?

A. Styling
B. Brand name
C. Warehousing
D. Packaging
Answer» C. Warehousing
141.

Marketing management includes _____ the products and services.

A. Advertising
B. Scheduling
C. Loading
D. All of the above
Answer» A. Advertising
142.

A set of attributes and conditions buyers normally expect when they purchase a product is knows as

A. Core benefit
B. Basic product
C. Expected product
D. Augmented product
Answer» C. Expected product
143.

The pricing strategy which sets a very high initial price for the new product so as to make maximum profits is

A. Discriminating pricing
B. Penetration pricing
C. Psychological pricing
D. Skimming the cream pricing
Answer» D. Skimming the cream pricing
144.

The mercantile agent that keeps the goods of others for sale is

A. Commission agent
B. Factor
C. Auctioneer
D. Broker
Answer» B. Factor
145.

The promotion technique which is not a planned element of a promotion mix is-

A. Advertising
B. Sales Promotion
C. Personal Selling
D. Publicity
Answer» D. Publicity
146.

The basic steps for product planning and control does not include

A. Plant location
B. Generation of new ideas
C. Screening of ideas
D. Test marketing
Answer» A. Plant location
147.

The middlemen who link between the manufacturer or producer and retailer

A. Agent
B. Commissioner
C. Wholesaler
D. Auctioneer
Answer» C. Wholesaler
148.

Who developed the 4Ps of marketing?

A. J.R. Betty
B. Hanson
C. Mc Carthy
D. Peter F. Drucker
Answer» C. Mc Carthy
149.

A __________ is a name, term, sign, symbol, or design, or a combination of these, that identifies the maker or seller of a product or service

A. brand
B. labeling
C. packaging
D. none of the above
Answer» A. brand
150.

Which of the following is the stage of new product development in which the product and marketing program are tested in more realistic market testing?

A. Idea generation
B. Concept development and testing
C. Test marketing
D. Commercialization
Answer» D. Commercialization

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