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