Fundamentals of Business Activities Test 13

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Fundamentals of Business Activities Test 13

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Weekly Quiz Competition

Question 1
1 / -0

Scale of business determines the___________.

A
Size of the business

B
Production of such business

C
Capital involved in business

D
All of above

Solution

Scale of business means the level of operation that will take place - like small scale, large scale etc. The determination of the scale of operations depends upon the size of business, production of business, capital involved in business. For example, it the size of business is big, the scale of production is large and the capital that is invested in the business is also big then the scale of such business will be large scale.
Question 2
1 / -0

Localisation in economics refer to ____________-.

A
Localised markets

B
Location of a firm

C
Production of a Region

D
Regional specialization
Question 3
1 / -0

___________ is the principle of non-interventionof the Government in economic affairs of the country.

A
Liberalisation

B
Laissez-faire

C
Giffins Caveat

D
None of the above.
Question 4
1 / -0

Every business enterprise must undertake such business which is ________.

A
Unlawful

B
Lawful

C
Illegal

D
All of above

Solution

Business conducted illegally or unlawfully is not considered to be business.Business should be according to law formulated by the government. Therefore option B is the correct answer..
Question 5
1 / -0

Management qualifies all tests of a profession exxept __________________.

A
Dominance of service motive

B
Restricted entry

C
Systematic body of knowledge

D
Use of know how and skills

Solution

Management qualifies all tests of a profession except use of know how and skills.
Management is not considered as a full-fledged profession like medical and legal profession because:1. Restrict entry: Management has restricted entry through an examination or degree as in profession.
2. Presence of professional associations: All profession has some associations affiliated to it and even management has association affiliated to it.
3. Existing of ethical code: For every profession there are some set of ethical codes fixed by the profession association. Management also has some ethical codes fixed by the concerned professional association.
Question 6
1 / -0

Statement I:
A true manager can continue to manage the same way as he has been doing it in the past.
Statement II:
Considerations of efficiency and survival require that a manager should be constantly engaged in the task of innovation.
Select the correct answer from the options given below -

A
Statement I and Statement II both are true

B
Statement II is true but Statement I is false

C
Statement I and Statement II both are false

D
Statement I is true but Statement II is false

Solution

Statement I:
A true manager can continue to manage the same way as he has been doing it in the past- this is true.
Statement II:
Considerations of efficiency and survival require that a manager should be constantly engaged in the task of innovation- this is false.
Question 7
1 / -0

BPO stands for____

A
Business patent offer

B
Business process outstanding

C
Business process outsourcing

D
Business public organization

Solution

Full form of BPO is Business Process Outsourcing .Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally,^] and sometimes involves transferring employees and assets from one firm to another.
Question 8
1 / -0

Interpersonal Behaviour Approach also known as.
(I) Behavioural science Approach
(II) Leadership Approach
(III) Human Relations Approach
Select correct answer from the options given below :-

A
(I)

B
(II)

C
(III)

D
All of the above

Solution

Interpersonal Behaviour Approach also known as :-
(I) Behavioural science Approach
(II) Leadership Approach
(III) Human Relations Approach
It focuses on human relations and well-being of the employees.
Question 9
1 / -0

Human Resource Management is often referred to as _______________.

A
Peoples Management

B
Human Management

C
Resource Management

D
Personnel Management

Solution

Human resource management is often referred to as Personnel management.It is a part of the management process which develops and manages human elements of the enterprise. Personnel management can be defined as a phase of management that deals with the effective control and use of manpower or human resources.Hence, D is the correct option.
Question 10
1 / -0

The subject matter of personnel management is?

A
Profit

B
Capital investment

C
Human being

D
Wages and incentives

Solution

The subject matter of personnel management is human being. Personnel management can be also defined as a phase of management which deals with the effective control and use of manpower or human resources.

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Re-Attempt Weekly Quiz Competition

Fundamentals of Business Activities Test 13

Result

Fundamentals of Business Activities Test 13

Score

-

Rank

-

SHARING IS CARING

Question 1

Size of the business

Production of such business

Capital involved in business

All of above

Solution

Question 2

Localised markets

Location of a firm

Production of a Region

Regional specialization

Question 3

Liberalisation

Laissez-faire

Giffins Caveat

None of the above.

Question 4

Unlawful

Lawful

Illegal

All of above

Solution

Question 5

Dominance of service motive

Restricted entry

Systematic body of knowledge

Use of know how and skills

Solution

Question 6

Statement I and Statement II both are true

Statement II is true but Statement I is false

Statement I and Statement II both are false

Statement I is true but Statement II is false

Solution

Question 7

Business patent offer

Business process outstanding

Business process outsourcing

Business public organization

Solution

Question 8

(I)

(II)

(III)

All of the above

Solution

Question 9

Peoples Management

Human Management

Resource Management

Personnel Management

Solution

Question 10

Profit

Capital investment

Human being

Wages and incentives

Solution

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Question Analysis

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Rank

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