Self Studies

Fundamentals Areas of Business Test 12

Result Self Studies

Fundamentals Areas of Business Test 12
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0
    A product line strategy wherein a company adds a higher priced product to a line in order to attract a broader market which helps the sale of its existing lower priced products is called ________.
    Solution
    Trading up is a type of selling in which the customer is persuaded to buy a more expensive item, or a larger quantity of the same item than originally intended in exchange for an attractive discount or some other incentive. 
  • Question 2
    1 / -0
    The Government of India introduced "The Workers' Participation in Management' Bill in Parliament in _______.
    Solution
    The Government of India introduced "The Workers' Participation in Management" Bill in 1990. Workers' participation in management is the involvement of the non-managerial employees in decision making process. It implies mental and emotional involvement of the employees in the works of the organisation. It focuses on democratic form of the organisation where employees express their opinions and contribute to the managerial decisions.
  • Question 3
    1 / -0
    Which one of the following purposes is not served by performance evaluation ?
  • Question 4
    1 / -0
    HRM is more _________whereas Personnel Management is slightly narrow.
    Solution
    Personnel management focuses on fulfilling the organizational goals with the help of the employees. It aims at removing the employees as there is a change in the technological environment and the employee do not have the required skills for the job. 
    Human resource management is a much wider concept. It aims at the satisfaction of the employee and the organization. It retains the employees in the organization for better contribution and performance, providing them development opportunities. It is more growth-oriented than personnel management.
    Hence, option (D) is the correct answer.
  • Question 5
    1 / -0
    What is not an operative function of HRM?
    Solution
    Human resource management (HRM) deals with effective management of the employees, their working according to the requirement of the job and contribution towards the growth of the organisation. 
    It brings new employees with the required skill of the job provides training and development opportunities to the employees and integrates the objectives and requirements of the organisation as well as the employees.
    Organising is the task of the managers to organise all the resources in the organisation required for performing a job. It is not a function of HRM.
    Hence, Option (C) is the correct answer.
  • Question 6
    1 / -0
    Internal user is ________of the business entity.
    Solution
    Management and cost accountants are good examples of internal users. They are managers inside the organization who have knowledge about the inner workings of the company and can use this knowledge to improve the business' performance. 
  • Question 7
    1 / -0
    A_______ would most likely use an entity's financial report to determine whether or not the business entity is eligible for a loan. 
    Solution
    There are two types of creditors. 

    Short term creditors are those who are providing goods or services on credit by analyzing the short-term financial position of the company. 

    Long term creditors are basically lenders who are providing loans to the business for long term purposes. These creditors uses the financial statements and reports to determine the financial worth and see the repayment capabilities of the firm before lending any amount.  
  • Question 8
    1 / -0
    Scope of _______ is limited but scope of _________ is wider.
    Solution
    Marketing is a broad, somewhat simplistic concept, where selling is thought of as the exchange activity. Marketing is an overall Organisational activity (the planning, pricing, promotion, packaging, advertising) and selling of any Value Offer (Product) Selling is therefore only a part of the overall Marketing of any Product and therein lies the difference.
  • Question 9
    1 / -0
    Marketing strategy development is also known as ________.
    Solution
    Marketing planning helps a company to pen down the marketing strategies and tactics to be followed for targeting maximum people in the target group.Marketing planning focuses on a specific period of time and also covers many marketing details.
  • Question 10
    1 / -0
    Which one of the following contains the three elements of service marketing triangle?
    Solution
    The service marketing triangle suggests that there are three types of marketing that must be successfully carried out for a service organisation to succeed, and that all of them revolve around making and keeping promises to customers. 
    The internal marketing efforts between the management and the employees.
    The external marketing efforts between management and consumer to set the promise.
    The interactive marketing efforts between employees and consumer to deliver what is promised.

Self Studies
User
Question Analysis
  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now