McqMate
| 1. |
_______________ is responsible for assessing customer wants and needs. |
| A. | Marketing |
| B. | Operation |
| C. | Finance |
| D. | Human resource |
| Answer» A. Marketing | |
| 2. |
_____________is concerned with the design and delivery of advice and financial products. |
| A. | Human resource planning |
| B. | Financial services |
| C. | Marketing mix |
| D. | None of the above |
| Answer» B. Financial services | |
| 3. |
_______________ 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 |
| Answer» B. Financial management | |
| 4. |
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 |
| Answer» B. Long term assets | |
| 5. |
Operation management provide desired utilities of |
| A. | Form |
| B. | Place |
| C. | Possession |
| D. | All of the above |
| Answer» D. All of the above | |
| 6. |
_______________ is the management of systems that creates goods and services. |
| A. | Operations |
| B. | Finance |
| C. | Marketing |
| D. | All of the above |
| Answer» A. Operations | |
| 7. |
Human resource management consist of |
| A. | Collective bargaining |
| B. | Contract negotiation |
| C. | Grievance handling |
| D. | All of the above |
| Answer» D. All of the above | |
| 8. |
_________________ is that part of management concerned with people at work. |
| A. | Finance |
| B. | Operation |
| C. | Marketing |
| D. | None of the above |
| Answer» D. None of the above | |
| 9. |
_____________ concerned with the main business activities which obtains and converts resources of the business into goods/services |
| A. | Production management |
| B. | Finance management |
| C. | Marketing management |
| D. | None of the above |
| Answer» A. Production management | |
| 10. |
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 |
| Answer» D. All of the above | |
| 11. |
Overseeing the provisions of services is a role of |
| A. | Human resource management |
| B. | Operations management |
| C. | Marketing management |
| D. | None of the above |
| Answer» B. Operations management | |
| 12. |
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 |
| Answer» C. Operations | |
| 13. |
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 |
| Answer» A. Obtaining capital and resources for expansion or to pay for resources such as equipment and materials. | |
| 14. |
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 |
| Answer» D. All of the above | |
| 15. |
__________________ concerned with developing new goods/services and updating old ones |
| A. | Sales |
| B. | Consumers Services |
| C. | Research and development |
| D. | None of the above |
| Answer» C. Research and development | |
| 16. |
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 |
| Answer» A. To attain maximum individual development | |
| 17. |
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 |
| Answer» D. All of the above | |
| 18. |
Which of the following are covered under the scope of Human Resource Management? (Choose the appropriate code given below)
|
| A. | (i) (iii) and (v) |
| B. | (i) (ii) (iii) and (iv) |
| C. | (iii) and (v) |
| D. | (i) (ii) (iii) (iv) and (v) |
| Answer» D. (i) (ii) (iii) (iv) and (v) | |
| 19. |
Which of the following is not a function of management? |
| A. | planning |
| B. | staffing |
| C. | co-operation |
| D. | controlling |
| Answer» C. co-operation | |
| 20. |
Modern Marketing consists |
| A. | Marketing Strategy and Research |
| B. | Marketing effectiveness |
| C. | Brand Management |
| D. | All of the above |
| Answer» D. All of the above | |
| 21. |
“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 |
| Answer» A. Philip Kotler | |
| 22. |
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 |
| Answer» C. determining the exact mix of products and services that customers will want | |
| 23. |
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 |
| Answer» B. Transformation of inputs into specified outputs | |
| 24. |
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 |
| Answer» A. Ensuring a fair rate of return to the suppliers of capital | |
| 25. |
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. |
| Answer» D. Distribution of goods and services. | |
| 26. |
Employment is one of the functions of |
| A. | Human resource management |
| B. | Marketing management |
| C. | Materials management |
| D. | Scientific management |
| Answer» A. Human resource management | |
| 27. |
The Personnel management is viewed as |
| A. | l |
| B. | Conflict container |
| C. | Dispute settler |
| D. | None of the above |
| Answer» A. l | |
| 28. |
The Art and Science of managing money is referred to as |
| A. | Banking |
| B. | Finance |
| C. | Wealth maximization |
| D. | Capital management |
| Answer» A. Banking | |
| 29. |
The traditional phase of financial management evolved during |
| A. | 1920s and 1930s |
| B. | 1930s and 1940s |
| C. | 1900 and 1910s |
| D. | 1950s and 1960s |
| Answer» A. 1920s and 1930s | |
| 30. |
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 |
| Answer» B. short term financial needs | |
| 31. |
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 |
| Answer» A. marketing mix | |
| 32. |
When backed by buying power, wants becomes |
| A. | needs |
| B. | demands |
| C. | must |
| D. | satisfaction of needs |
| Answer» D. satisfaction of needs | |
| 33. |
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 |
| Answer» B. marketing strategy | |
| 34. |
______ are the most important asset of an organization |
| A. | finances |
| B. | human resources |
| C. | outstanding workers |
| D. | goodwill |
| Answer» A. finances | |
| 35. |
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 |
| Answer» B. acquisition function | |
| 36. |
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 |
| Answer» B. Marketing | |
| 37. |
Marketing management includes_________the product & services. |
| A. | Advertising |
| B. | Branding |
| C. | placing |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 38. |
_________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 |
| Answer» C. Production | |
| 39. |
HRM function does not include |
| A. | HR planning |
| B. | Budgeting |
| C. | Selection |
| D. | Training |
| Answer» B. Budgeting | |
| 40. |
Financial management deals with |
| A. | Controlling |
| B. | Organizing |
| C. | Directing |
| D. | All of the above |
| Answer» D. All of the above | |
| 41. |
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 |
| Answer» D. Henry Fayol | |
| 42. |
Management and administration are |
| A. | Same |
| B. | Different |
| C. | partly same & partly different |
| D. | Same & different |
| Answer» C. partly same & partly different | |
| 43. |
Henry Fayol laid down |
| A. | 12 priniciples |
| B. | 14 techniques |
| C. | 14 principles |
| D. | 15 principles |
| Answer» C. 14 principles | |
| 44. |
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 |
| Answer» A. All aspects of acquiring and utilising financial resources for firm’s activities | |
| 45. |
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 |
| Answer» C. To maximize the wealth of owners | |
| 46. |
Capital budgeting is related to |
| A. | Long term assets |
| B. | Short term assets |
| C. | Long and short term assets |
| D. | Fixed assets |
| Answer» A. Long term assets | |
| 47. |
Working capital management is managing |
| A. | Short term assets and liabilities |
| B. | Long term assets |
| C. | Long term liabilities |
| D. | Only short term assets |
| Answer» A. Short term assets and liabilities | |
| 48. |
__________ is a source of long term-finance |
| A. | Venture funding |
| B. | Hire-purchase finance |
| C. | Lease financing |
| D. | All of the above |
| Answer» D. All of the above | |
| 49. |
One of the sources of seasonal working capital is |
| A. | Share capital |
| B. | Debenture |
| C. | Indigenous banker |
| D. | Retained profits |
| Answer» C. Indigenous banker | |
| 50. |
Wealth maximisation is the acceptable objective because it is |
| A. | Value maximization |
| B. | Based on cash flows |
| C. | Maximises the market price of shares |
| D. | All of the above |
| Answer» D. All of the above | |
| 51. |
The financial function for allocation of capital to long term assets is |
| A. | Capital structure |
| B. | Capital budgeting |
| C. | Working capital management |
| D. | Dividend policy |
| Answer» B. Capital budgeting | |
| 52. |
_____ is a source of long-term finance. |
| A. | Venture funding |
| B. | Hire-purchase finance |
| C. | Lease finance |
| D. | All of the above |
| Answer» D. All of the above | |
| 53. |
________________ calls for skillful planning, control and execution of a firm’s activities |
| A. | capital structure |
| B. | finance function |
| C. | working capital function |
| D. | dividend policy |
| Answer» B. finance function | |
| 54. |
One of the sources of seasonal working capital is |
| A. | Share Capital |
| B. | Debenture |
| C. | Indigenous Bankers |
| D. | Retained Profits |
| Answer» C. Indigenous Bankers | |
| 55. |
_______________ involves the decision of allocation of capital or commitment of funds to long-term assets that would yield benefits in the future |
| A. | Working capital |
| B. | Capital budgeting |
| C. | Dividend policy |
| D. | Capital structure |
| Answer» B. Capital budgeting | |
| 56. |
The objectives of financial management includes- |
| A. | Procurement of funds |
| B. | Optimum capital structure |
| C. | Utilization of funds |
| D. | All of the above |
| Answer» A. Procurement of funds | |
| 57. |
______________ management refers to current assets management which effects the firm’s liquidity and solvency |
| A. | Working capital |
| B. | Capital structure |
| C. | Dividend policy |
| D. | Capital budgeting |
| Answer» A. Working capital | |
| 58. |
The important factors that to be considered for dividend policy includes- |
| A. | Government tax policy |
| B. | Maintenance of reserves |
| C. | Legal restrictions |
| D. | All of the above |
| Answer» D. All of the above | |
| 59. |
Short-term finance is required to meet the expenses for- |
| A. | Payment of wages and salaries |
| B. | Cost of fixed assets |
| C. | Initial development expenditures |
| D. | Operating losses |
| Answer» A. Payment of wages and salaries | |
| 60. |
The only viable goal of financial management is: |
| A. | Profit maximization |
| B. | Wealth maximization |
| C. | Sales maximization |
| D. | Assets maximization |
| Answer» B. Wealth maximization | |
| 61. |
The extent to which the firm has fixed financing costs arising from the use of debt is measured by |
| A. | Combined leverage |
| B. | Operating leverage |
| C. | Financial leverage |
| D. | None of the above |
| Answer» C. Financial leverage | |
| 62. |
Which of the following is not a component of current assets? |
| A. | Cash |
| B. | Debtors |
| C. | Bills Payables |
| D. | Inventories |
| Answer» C. Bills Payables | |
| 63. |
The modern approach to finance functions considers which of the following? |
| A. | Investment decisions |
| B. | Financing decisions |
| C. | Dividend decisions |
| D. | All of the above |
| Answer» D. All of the above | |
| 64. |
A firm should select a financing mix which maximizes its value and the shareholders’ wealth. Such is referred to as |
| A. | Optimal Capital Ration |
| B. | Optimal Capital Budget |
| C. | Optimal Capital costs |
| D. | Optimal Capital structure |
| Answer» D. Optimal Capital structure | |
| 65. |
________ varies with the volume of operations |
| A. | Fixed/Permanent WC |
| B. | Fluctuating/Temporary WC |
| C. | Gross WC |
| D. | Net WC |
| Answer» B. Fluctuating/Temporary WC | |
| 66. |
Projects are accepted under profitability method, if |
| A. | PI > 1 |
| B. | PI = 1 |
| C. | PI < 1 |
| D. | PI = 0 |
| Answer» A. PI > 1 | |
| 67. |
A theory known as dividend irrelevance theory is: |
| A. | Walter’s Model |
| B. | Gordon’s Model |
| C. | Modigliani & Miller’s Model |
| D. | None of the above |
| Answer» C. Modigliani & Miller’s Model | |
| 68. |
“_______________ of a company refers to the make-up of its capitalization and it includes all long-term capital resources viz., loans, reserves, shares and bonds. - Gerstenberg. |
| A. | Capital Ration |
| B. | Capital Budget |
| C. | Capital costs |
| D. | Capital structure |
| Answer» D. Capital structure | |
| 69. |
Which of the following is not short-term source of capital/finance? |
| A. | Bank overdraft |
| B. | Trade credit |
| C. | Debenture |
| D. | Bills of exchange |
| Answer» C. Debenture | |
| 70. |
Trading on equity means |
| A. | Taking advantage of equity share capital to borrow funds on reasonable basis |
| B. | Taking advantage of the conditions prevailing in the capital market |
| C. | Taking advantage of prevailing rate of interest |
| D. | None of the above. |
| Answer» A. Taking advantage of equity share capital to borrow funds on reasonable basis | |
| 71. |
A good financial structure should be |
| A. | Flexible enough to have scope for expansion or contraction |
| B. | Flexible enough to convert working capital |
| C. | Flexible enough to lay down policies |
| D. | None of the above |
| Answer» A. Flexible enough to have scope for expansion or contraction | |
| 72. |
Financial planning is concerned with |
| A. | Financial control |
| B. | Investing in assets needed permanently for the business |
| C. | Developing business |
| D. | Laying down of policies in regard to cash control, etc. |
| Answer» D. Laying down of policies in regard to cash control, etc. | |
| 73. |
________ is traditionally considered as the main objective of the firm |
| A. | Wealth maximization |
| B. | Profit maximization |
| C. | Customer satisfaction |
| D. | Reduction in cost |
| Answer» B. Profit maximization | |
| 74. |
Funds needed for acquiring fixed assets are known as |
| A. | short term finance |
| B. | long term finance |
| C. | medium term finance |
| D. | public deposits |
| Answer» B. long term finance | |
| 75. |
Finance raised by ways of loans and credit from public, banks, and financial institutions is known as |
| A. | public deposits |
| B. | owned capital |
| C. | permanent capital |
| D. | borrowed capital |
| Answer» D. borrowed capital | |
| 76. |
Shares which are not only entitled to a fixed preferential dividend but also participate in the surplus profits are known as |
| A. | cumulative preference shares |
| B. | participating preference shares |
| C. | convertible preference shares |
| D. | non- participating preference shares |
| Answer» A. cumulative preference shares | |
| 77. |
The company is usually required to pledge assets of the company to the lender as collateral under |
| A. | equity financing |
| B. | debt financing |
| C. | borrowed capital |
| D. | retained earnings |
| Answer» B. debt financing | |
| 78. |
The process of allocating scarce resources of a business firm among the competing investment projects can be considered as |
| A. | investment decision |
| B. | financing decision |
| C. | dividend decision |
| D. | financial management |
| Answer» A. investment decision | |
| 79. |
According to MM approach, the total value of the firm remain |
| A. | variant |
| B. | decrease |
| C. | increase |
| D. | constant |
| Answer» D. constant | |
| 80. |
Working capital is the proportion of the total capital which is employed in |
| A. | long term |
| B. | short term or current operations |
| C. | middle term |
| D. | fixed term |
| Answer» B. short term or current operations | |
| 81. |
The manager who looks after the activities of the Finance Department is known as |
| A. | Accountant |
| B. | Financial Manager |
| C. | Cashier |
| D. | None of these |
| Answer» B. Financial Manager | |
| 82. |
_____________is the particular combination of debt & equity used by a company of finance its overall operations and growth. |
| A. | Dividend decision |
| B. | Capital budgeting |
| C. | Capital structure |
| D. | Investment decision. |
| Answer» C. Capital structure | |
| 83. |
______________involves raising money by selling interests in the company. |
| A. | Equity |
| B. | Debt |
| C. | Bond |
| D. | None of these |
| Answer» A. Equity | |
| 84. |
Financial management involves |
| A. | Investment decisions |
| B. | Financing decisions |
| C. | Dividend decisions |
| D. | All of the above |
| Answer» D. All of the above | |
| 85. |
Financial management is mainly concerned with_________ |
| A. | All aspects of acquiring & utilizing financial resources for firms activities. |
| B. | Arrangement of funds |
| C. | Efficient management of every business. |
| D. | Profit maximization. |
| Answer» A. All aspects of acquiring & utilizing financial resources for firms activities. | |
| 86. |
The primary goal of financial management is |
| A. | To maximize the return |
| B. | To minimize the risk |
| C. | To maximize the wealth of owners |
| D. | To maximize profit. |
| Answer» C. To maximize the wealth of owners | |
| 87. |
_____________are financial assets |
| A. | Bonds |
| B. | Machines |
| C. | Stocks |
| D. | B and C. |
| Answer» D. B and C. | |
| 88. |
Human resource management seeks to accomplish |
| A. | Societal goals |
| B. | Organisational goals |
| C. | Individual goals |
| D. | All of the above |
| Answer» D. All of the above | |
| 89. |
____________ is concerned with manpower planning, recruitment, selection, placement, induction, transfer. |
| A. | The labour aspect |
| B. | The welfare aspect |
| C. | The industrial relation aspect |
| D. | None of the above |
| Answer» A. The labour aspect | |
| 90. |
Which activity involves design of policies and procedures for fair recruitment and selection of human resource? |
| A. | Human resource planning |
| B. | Recruitment and selection |
| C. | Training and development |
| D. | Job design |
| Answer» B. Recruitment and selection | |
| 91. |
The process of HR planning includes |
| A. | Business strategic plan |
| B. | Resourcing strategy |
| C. | Scenario planning |
| D. | All of the above |
| Answer» D. All of the above | |
| 92. |
Job description includes |
| A. | Job title |
| B. | Job analysis |
| C. | Supply forecasting |
| D. | None of the above |
| Answer» A. Job title | |
| 93. |
__________________is the process through which the organisation seeks applicants for potential employment |
| A. | Selection |
| B. | Employment interview |
| C. | Recruitment |
| D. | All of the above |
| Answer» C. Recruitment | |
| 94. |
Which one is not methods of training? |
| A. | Classroom |
| B. | Vestibule |
| C. | Promotional |
| D. | Apprenticeship |
| Answer» C. Promotional | |
| 95. |
Which of the following is/are types of training? |
| A. | Orientation training |
| B. | Promotional training |
| C. | Both (a) and (b) |
| D. | None of the above |
| Answer» C. Both (a) and (b) | |
| 96. |
The objectives of compensation includes- |
| A. | Allure qualified personnel |
| B. | Keep qualified human resource |
| C. | Performance appraisal and provide for progression |
| D. | All of the above |
| Answer» D. All of the above | |
| 97. |
Human resource management functions does not include |
| A. | HR planning |
| B. | Budgeting |
| C. | Selection |
| D. | Training |
| Answer» B. Budgeting | |
| 98. |
The essential elements of employer-employee relationship includes |
| A. | Mutual respect |
| B. | Openness and communication |
| C. | Mutual reliance |
| D. | All of the above |
| Answer» D. All of the above | |
| 99. |
On-the-job training includes |
| A. | Vestibule training |
| B. | Under study |
| C. | Position rotation |
| D. | All of the above |
| Answer» C. Position rotation | |
| 100. |
The importance of human resource management includes |
| A. | Optimum utilization of human resources |
| B. | People centered function of management |
| C. | Develops dynamic strategies for goal accomplishment |
| D. | All of the above |
| Answer» D. All of the above | |
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