Fundamentals Areas of Business Test 21

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Fundamentals Areas of Business Test 21

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Weekly Quiz Competition

Question 1
1 / -0

Accounting involves _________.

A
decision making for the management easy as financial results can be compared.

B
the records being put is a systematic pattern so that any point of time they can be used.

C
the financial information being stored in a meaningful way for taxation purpose

D
all of the above

Solution

Accounting plays an important and useful role for the business owner. Main advantages are :
To record all the business transactions in a systematic way so that information can be used as and when required.
Financial statements are prepared on the basis of information recorded in the books of account, so that management can take a decision by comparing the results.
Accounting plays a vital role in giving the information to the taxation authorities to know whether business is following all the rules and laws and paying the tax in timely manner.
Question 2
1 / -0

Which among the followings describe the skills that are available within the company?

A
Human Resource inventory

B
HRIS

C
Skills inventory

D
Management inventories
Question 3
1 / -0

Plan that indicates the programmes for transferring or retaining existing employees for new jobs is called _______.

A
re-employment plan

B
re-deployment plan

C
redundancy plan

D
Markov analysis
Question 4
1 / -0

Maintenance, motivation and compensation are part of _________ of HRM

A
managerial function

B
operative function

C
technical function

D
behavioral function
Question 5
1 / -0

Compensation will be perceived as fair if it is comprised of a system of components developed to maintain _________.

A
internal equity

B
external equity

C
both internal and external equity

D
none of these
Question 6
1 / -0

________ shows the profile of job holders department-wise and offers a snapshot of who will come in place of other if there is a job opening.

A
Workforce analysis

B
Replacement chart

C
Skills inventory

D
Markov analysis
Question 7
1 / -0

Planning, organizing and controlling are part of _____ of HRM.

A
managerial function

B
operative function

C
technical function

D
behavioral function
Question 8
1 / -0

To summarise the skills and abilities of non-managerial employees used in forecasting supply is called __________.

A
workforce analysis

B
management inventories

C
skills inventory

D
Markov Analysis
Question 9
1 / -0

To classify employees on the basis of age, sex, position, experience, qualification, skills, etc is called ________.

A
employee classification

B
staffing table

C
skills inventory

D
HR audit
Question 10
1 / -0

Job specification includes __________.

A
physical characteristics

B
psychological characteristics

C
personal characteristics

D
all of these

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Re-Attempt Weekly Quiz Competition

Fundamentals Areas of Business Test 21

Result

Fundamentals Areas of Business Test 21

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SHARING IS CARING

Question 1

decision making for the management easy as financial results can be compared.

the records being put is a systematic pattern so that any point of time they can be used.

the financial information being stored in a meaningful way for taxation purpose

all of the above

Solution

Question 2

Human Resource inventory

HRIS

Skills inventory

Management inventories

Question 3

re-employment plan

re-deployment plan

redundancy plan

Markov analysis

Question 4

managerial function

operative function

technical function

behavioral function

Question 5

internal equity

external equity

both internal and external equity

none of these

Question 6

Workforce analysis

Replacement chart

Skills inventory

Markov analysis

Question 7

managerial function

operative function

technical function

behavioral function

Question 8

workforce analysis

management inventories

skills inventory

Markov Analysis

Question 9

employee classification

staffing table

skills inventory

HR audit

Question 10

physical characteristics

psychological characteristics

personal characteristics

all of these

User

Question Analysis

My Perfomance

Score

-

Rank

-

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