Fundamentals Areas of Business Test 24

Result

Fundamentals Areas of Business Test 24

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Weekly Quiz Competition

Question 1
1 / -0

__________ implies a systematic procedure whereby employees are imparted technical knowledge and skill for specific jobs.

A
Performance education

B
Development

C
Training

D
None of the above

Solution

Training implies a systematic procedure whereby employees are imparted technical knowledge and skill for specific jobs.
Training is a short term process.It helps to reduce the time and cost required to reach the acceptable level of performanceTraining helps to improve the quantity and quality of work force.
Question 2
1 / -0

Which of the following is the most essential requirement for an effective points-based rating system?

A
Close co-ordination between the management and the HR department

B
Comprehensive, dependable and consistent information

C
Impartiality in evaluation

D
None of the above

Solution

Comprehensive, dependable, and consistent information are the most essential requirements for an effective points-based rating system. In this method, employees are assigned a rank on the basis of the following traits.
Hence, B is the correct option.
Question 3
1 / -0

The HR department is organizing a CSR Activity in a nearby village and wants to invite participants and volunteers. They will write a________.

A
Circular

B
Office Order

C
Representation

D
Memorandum

Solution

The HR department is organizing a CSR Activity in a nearby village and wants to invite participants and volunteers. They will write a - Circular. Circular refers to a letter which is distributed to a large mass of people.
Question 4
1 / -0

Regulatory Agencies, interested as users of accounting information's includes _____________________.

A
Various Government departments

B
Agencies such as Company Law Board (CLB)

C
Registrar of Companies (ROC)

D
All of the above

Solution

Regulatory Agencies, interested as users of accounting information's includes
1. Various Government departments
2. Agencies such as Company Law Board (CLB)
3. Registrar of Companies (ROC)
Question 5
1 / -0

External users of accounting information include ______________.

A
Owner

B
Customer

C
Management

D
None of these

Solution

The users of accounting are mainly classified into two categories
1. Internal Users: Internal users are inside the business of the entity.
Example: managers, owners, directors, CEO, CFO etc.

2. External Users: These are outside the affairs of the entity.
Example: Creditors. Government, Shareholders etc.
Question 6
1 / -0

Internal users of accounting information include _______________.

A
Short-Term Creditors

B
Customers

C
Long-term Lenders

D
CEO

Solution

The users of accounting are mainly classified into two categories
1. Internal Users: Internal users are inside the business of the entity.
Example: managers, owners, directors, CEO, CFO etc.

2. External Users: These are outside the affairs of the entity.
Example: Creditors. Government, Shareholders etc.
Question 7
1 / -0

Your Resume should:

A
Mention career goals and specific job objectives.

B
Explain how your qualifications and experience are suitable for the job on offer.

C
Give evidence of excellent writing skills.

D
All of above

Solution

Resume is also known as bio-data. Resume should:
a) Mention career goals and specific job objectives.
b) Explain how your qualifications and experience are suitable for the job on offer.
c) Give evidence of excellent writing skills
Question 8
1 / -0

Which of the following is/are integral parts of the HR function of management?

A
Training

B
Development

C
(a) or (b)

D
(a) and (b)

Solution

Training and development are integral parts of the HR function of management. Training and development are conducted to increase the efficiency of the employees of the organization and thus it helps them to achieve organizational goals.
Question 9
1 / -0

Users of accounting information include _____________.

A
Creditors

B
Lenders

C
Customers

D
All of the above

Solution

Accounting information is used by all the options given in the question, since they use information to make economic decisions and they are stakeholders of the business who deserve to know it all as well.
Question 10
1 / -0

______is a voluntary collective action to serve a common purpose. Whereas_______is the orderly synchronization of group efforts so as to provide unity of action in the pursuit of common purpose.

A
Motivation, Co-operation

B
Co-ordination, Co-operation

C
Co-operation, Direction

D
Co-operation, Co-ordination

Solution

Coordination and Cooperation.
Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfilment of common objective whereas
co-operation denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose

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Re-Attempt Weekly Quiz Competition

Fundamentals Areas of Business Test 24

Result

Fundamentals Areas of Business Test 24

Score

-

Rank

-

SHARING IS CARING

Question 1

Performance education

Development

Training

None of the above

Solution

Question 2

Close co-ordination between the management and the HR department

Comprehensive, dependable and consistent information

Impartiality in evaluation

None of the above

Solution

Question 3

Circular

Office Order

Representation

Memorandum

Solution

Question 4

Various Government departments

Agencies such as Company Law Board (CLB)

Registrar of Companies (ROC)

All of the above

Solution

Question 5

Owner

Customer

Management

None of these

Solution

Question 6

Short-Term Creditors

Customers

Long-term Lenders

CEO

Solution

Question 7

Mention career goals and specific job objectives.

Explain how your qualifications and experience are suitable for the job on offer.

Give evidence of excellent writing skills.

All of above

Solution

Question 8

Training

Development

(a) or (b)

(a) and (b)

Solution

Question 9

Creditors

Lenders

Customers

All of the above

Solution

Question 10

Motivation, Co-operation

Co-ordination, Co-operation

Co-operation, Direction

Co-operation, Co-ordination

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

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