Functional Areas of Business solved MCQs
1 of 9
1. _______________ is responsible for assessing customer wants and needs.
2. _____________is concerned with the design and delivery of advice and financialproducts.
3. _______________ provides a conceptual and analytical framework for financial decision making.
4. Which assets yield a return over a period of time in future
5. Operation management provide desired utilities of
6. _______________ is the management of systems that creates goods and services.
7. Human resource management consist of
8. _________________ is that part of management concerned with people at work.
9. _____________ concerned with the main business activities which obtains and convertsresources of the business into goods/services
10. Wealth maximization is the acceptable objective because it is
11. Overseeing the provisions of services is a role of
12. What function of business is responsible for ensuring that products and services meet high quality standards?
13. The main responsibilities of financial management function is
14. Two businesses are not the same; the functions will vary because of-
15. __________________ concerned with developing new goods/services and updating old ones
16. The main functions of human resource management is-
17. Which type of function may be performed by the finance manager for management of profitability?
18. 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 Audit
Codes:
19. Which of the following is not a function of management?
20. Modern Marketing consists
21. “Marketing is a human activity directed at satisfying needs and wants through exchange processes” is the statement by
22. Which of the following activities is not a direct responsibility of operations management?
23. The major responsibility of production management is
24. One objectives of financial management is
25. The marketing department of an anorganisation
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