Fundamentals Areas of Business Test 16

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Fundamentals Areas of Business Test 16

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Weekly Quiz Competition

Question 1
1 / -0

What are the important objectives of accounting?
I. To maintain records of a business
II. Calculation of profit or loss
III. Depiction of financial position
IV. To make information available to various groups and users.

A
I and II

B
I and III

C
I, II and III

D
I, II, III and IV

Solution

Definition of accounting is:
" Accounting is an art of recording, classifying and summarizing in terms of money transactions and events of a financial character and interpreting the results thereof"

It specifies that, accounting starts when all the business transactions are recorded. Accounting provides detailed information on financial position of the business to all the interested stake holders. The interested stake holders are creditors, lenders, customers, present and potential investors.
Question 2
1 / -0

The objective of Human Resource Management (HRM) is/are _______.

A
to ensure effective utilization and maximum development of human resources.

B
to identify and satisfy the needs of individuals.

C
to achieve and maintain high morale among employees.

D
all of above
Question 3
1 / -0

What type of approach is most frequently identified with Human Capital Management (HCM)?

A
Controlling

B
Interpersonal and technical

C
Formalized, technical and manipulative

D
Influencing and manipulative
Question 4
1 / -0

One aim of societal marketing is to ___________.

A
consider consumers needs and long-term welfare

B
encourage satisfaction of short-term needs

C
demand support from local communities

D
form partnerships which benefit the selling organization

Solution

The societal marketing is a marketing concept that holds that a company should make marketing decisions not only by considering consumers' wants, the company's requirements, but also society's long-term interests.
Question 5
1 / -0

The various(s) features of Human Resource Management (HRM) is/are_____________.

A
it is all pervasive in nature as it is present in all enterprises.

B
its focus is on results rather than on rules.

C
it tries to help employees develop their potential fully.

D
all of above
Question 6
1 / -0

According to ________ "Personnel management aims to achieve both efficiency and justice, neither of which can be pursued successfully without the other. It seeks to bring together and develop into an effective organization the men and women who make up an enterprise, enabling each to make his or her own best contribution to its success both as an individual and a member of a working group. It seeks to provide fair terms and conditions of employment and satisfying work for those employed."

A
Edwin B. Flippo

B
French Wendell

C
The Institute of Personal Management

D
Dirks
Question 7
1 / -0

"Personnel Management is the recruitment, selection, development, utilization, compensation and motivation of human resources by the organization". This definition is given by ___________.

A
Edwin B. Flippo

B
French Wendell

C
Institute of Personal Management

D
Dirks
Question 8
1 / -0

According to__________ "The objective of personnel administration include the utilization of human resources effectively, establishment and maintenance of production and self-respecting working relationship among the participants and attainment of maximum individual development of the members in the organization."

A
Edwin B. Flippo

B
French Wendell

C
The Institute of Personal Management

D
Dirks
Question 9
1 / -0

Which of the following has basically centered on studying the behavioural pattern of members and groups in an organization?

A
Empirical Approach

B
Group Behaviour Approach

C
Interpersonal Behaviour Approach

D
Decision Theory Approach
Question 10
1 / -0

White-collar workers are _________.

A
working on machines and engaged in loading, unloading

B
clerical employees

C
executive employees

D
contract employees

User

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Re-Attempt Weekly Quiz Competition

Fundamentals Areas of Business Test 16

Result

Fundamentals Areas of Business Test 16

Score

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Rank

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SHARING IS CARING

Question 1

I and II

I and III

I, II and III

I, II, III and IV

Solution

Question 2

to ensure effective utilization and maximum development of human resources.

to identify and satisfy the needs of individuals.

to achieve and maintain high morale among employees.

all of above

Question 3

Controlling

Interpersonal and technical

Formalized, technical and manipulative

Influencing and manipulative

Question 4

consider consumers needs and long-term welfare

encourage satisfaction of short-term needs

demand support from local communities

form partnerships which benefit the selling organization

Solution

Question 5

it is all pervasive in nature as it is present in all enterprises.

its focus is on results rather than on rules.

it tries to help employees develop their potential fully.

all of above

Question 6

Edwin B. Flippo

French Wendell

The Institute of Personal Management

Dirks

Question 7

Edwin B. Flippo

French Wendell

Institute of Personal Management

Dirks

Question 8

Edwin B. Flippo

French Wendell

The Institute of Personal Management

Dirks

Question 9

Empirical Approach

Group Behaviour Approach

Interpersonal Behaviour Approach

Decision Theory Approach

Question 10

working on machines and engaged in loading, unloading

clerical employees

executive employees

contract employees

User

Question Analysis

My Perfomance

Score

-

Rank

-

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