Fundamentals Areas of Business Test 6

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Fundamentals Areas of Business Test 6

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Weekly Quiz Competition

Question 1
1 / -0

Marketing strategy development is also known as _______.

A
marketing control

B
marketing exercise

C
marketing planning

D
situation analysis

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 2
1 / -0

A separate department namely _____ department is now set-up in all organisations to tackle the problem of personnel in the organisation.

A
marketing

B
administration

C
staffing

D
personnel
Question 3
1 / -0

Which of the following are general objectives of accounting?
I. Maintenance of Accounting Records
II. Providing Information
III. Ascertainment of Profit or Loss
IV. Depiction of Financial Position

A
I and II

B
III and IV

C
I and IV

D
I, II, III and IV
Solution
Accounting is the measurement,processing and communication of financial information about economic entities such as business and corporations. Accounting consists of various objectives. They are as follows:
1. Maintenance of Accounting records;
2. Providing information;
3. Ascertainment pf profit and loss;
4. Depiction of financial position.
5. With all these objectives one can carry out all the accounting process very effectively.
Question 4
1 / -0

Which of the following statements is not an objective of financial reporting?

A
Provide information that is useful in investment and credit decisions.

B
Provide information regarding policy of organisation

C
Provide information that is useful in assessing cash flow prospective

D
None of these

Solution

They depict not only profits and losses, but even assets and liabilities. Let's take a look at the objectives of financial statements along with their features. They even help readers of these statements know the accounting policies used in them. These statements also provide information relating to the company's cash flows .

Question 5

1 / -0

Match the following

List I	List II
(a) Manpower planning	(1) Assigning specific jobs to the selected candidates
(b) Recruitment	(2) Choice of right type of people from the available candidate
(c) Selection	(3) Locating acceptable candidates
(d) Placement	(4) Process of determining current and future manpower needs

a-2; b-4; c-1; d-3

a-1; b-2; c-3; d-4

a-3; b-4; c-1; d-2

a-4; b-3; c-2; d-1

Solution

These are the steps involved in staffing process.

It starts with the estimation of manpower requirements by the organisation in near future.
Recruitment may be defined as the process of searching for prospective employees and stimulating them to apply for jobs in the organisation.
Selection is the process of choosing from among the pool of the prospective job candidates developed at the stage of recruitment.
Placement refers to the employee occupying the position or post for which the person has been selected.

Question 6

1 / -0

Match the following.

$$1$$. Market development	a) The developing of new products for sale in new markets
$$2$$. Product development	b) Developing new products for sale in existing markets
$$3$$. Market penetration	c) Increasing the sales of existing products in existing markets
$$4$$. Diversification	d) Selling of existing products in new markets

$$1$$-a, $$2$$-c, $$3$$-d, $$4$$-b

$$1$$-d, $$2$$-b, $$3$$-c, $$4$$-a

$$1$$-d, $$2$$-b, $$3$$-a, $$4$$-c

$$1$$-b, $$2$$-d, $$3$$-c, $$4$$-a

Question 7
1 / -0

What are the ideas underpinning 'soft, commitment' or high-road HRM practices?

A
Labour needs to be treated as assets to be invested in

B
Employee is a cost which should be minimized

C
A lack of mutuality existing between employer

D
A discharge for unlocking discretionary effort
Question 8
1 / -0

Which of the following component of attitude represents a person's opinions Knowledge, and information?

A
Affective component

B
Cognitive component

C
Behavioural component

D
Objective component
Question 9
1 / -0

Who is not associated with HRM?

A
Michael J. Jucius

B
Dale Yodar

C
Edvoin B. Flippo

D
K.K. Devit
Question 10
1 / -0

Which of the following department is responsible for handling safety & health issues of employees?

A
HR department

B
Procurement department

C
Finance department

D
Marketing department

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Re-Attempt Weekly Quiz Competition

Fundamentals Areas of Business Test 6

Result

Fundamentals Areas of Business Test 6

Score

-

Rank

-

SHARING IS CARING

Question 1

marketing control

marketing exercise

marketing planning

situation analysis

Solution

Question 2

marketing

administration

staffing

personnel

Question 3

I and II

III and IV

I and IV

I, II, III and IV

Solution

Question 4

Provide information that is useful in investment and credit decisions.

Provide information regarding policy of organisation

Provide information that is useful in assessing cash flow prospective

None of these

Solution

Question 5

a-2; b-4; c-1; d-3

a-1; b-2; c-3; d-4

a-3; b-4; c-1; d-2

a-4; b-3; c-2; d-1

Solution

Question 6

$$1$$-a, $$2$$-c, $$3$$-d, $$4$$-b

$$1$$-d, $$2$$-b, $$3$$-c, $$4$$-a

$$1$$-d, $$2$$-b, $$3$$-a, $$4$$-c

$$1$$-b, $$2$$-d, $$3$$-c, $$4$$-a

Question 7

Labour needs to be treated as assets to be invested in

Employee is a cost which should be minimized

A lack of mutuality existing between employer

A discharge for unlocking discretionary effort

Question 8

Affective component

Cognitive component

Behavioural component

Objective component

Question 9

Michael J. Jucius

Dale Yodar

Edvoin B. Flippo

K.K. Devit

Question 10

HR department

Procurement department

Finance department

Marketing department

User

Question Analysis

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