Deck 2: Business Management and Finance

Question 1

Employment is one of the functions of

A)Human resource management
B)Marketing management
C)Materials management
D)Scientific management

Answer 1

Human resource management

Question 2

The Personnel management is viewed as

A)l
B)Conflict container
C)Dispute settler
D)None of the above

Answer 2

l

Question 3

The Art and Science of managing money is referred to as

A)Banking
B)Finance
C)Wealth maximization
D)Capital management

Answer 3

Banking

Question 4

The traditional phase of financial management evolved during

A)1920s and 1930s
B)1930s and 1940s
C)1900 and 1910s
D)1950s and 1960s

Question 5

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

Question 6

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

Question 7

______ are the most important asset of an organization

A)finances
B)human resources
C)outstanding workers
D)goodwill

Question 8

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

Question 9

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

Question 10

Marketing management includes_________the product & services.

A)Advertising
B)Branding
C)placing
D)All of the Above

Question 11

_________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

Question 12

HRM function does not include

A)HR planning
B)Budgeting
C)Selection
D)Training

Question 13

Financial management deals with

A)Controlling
B)Organizing
C)Directing
D)All of the above

Question 14

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

Question 15

Management and administration are

A)Same
B)Different
C)partly same & partly different
D)Same & different

Question 16

Henry Fayol laid down

A)12 priniciples
B)14 techniques
C)14 principles
D)15 principles

Question 17

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

Question 18

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

Question 19

__________ is a source of long term-finance

A)Venture funding
B)Hire-purchase finance
C)Lease financing
D)All of the above

Question 20

One of the sources of seasonal working capital is

A)Share capital
B)Debenture
C)Indigenous banker
D)Retained profits

Question 21

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