Exam 1: Functions and Responsibilities of Business Management

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 AuditCodes

Human resource management consist of

_______________ is the management of systems that creates goods and services.

__________________ concerned with developing new goods/services and updating old ones

Which type of function may be performed by the finance manager for management of profitability?

_______________ provides a conceptual and analytical framework for financial decision making.

The main responsibilities of financial management function is

The major responsibility of production management is

Which assets yield a return over a period of time in future

Wealth maximization is the acceptable objective because it is

What function of business is responsible for ensuring that products and services meet high quality standards?

"Marketing is a human activity directed at satisfying needs and wants through exchange processes" is the statement by

_____________ concerned with the main business activities which obtains and converts resources of the business into goods/services

_______________ is responsible for assessing customer wants and needs.

The main functions of human resource management is-

Modern Marketing consists

_________________ is that part of management concerned with people at work.

Two businesses are not the same; the functions will vary because of-

The marketing department of an anorganisation

Overseeing the provisions of services is a role of