Accounts
Which of the following terms is called as the life blood of business?
(i) Account
(ii) Finance
(iii) Both Account and Finance
(iv) None of the above
(ii) Finance
1. Main Functions of Human resource department is:
(i) Procurement of Human resources
(ii) Development of Human resources
(iii) Compensation
(iv) All of the above
(iv) All of the above
The objective of production activity is:
(i) To control the quality
(ii) To create employment
(iii) Raise national income
(iv) To improve standard of living
(i) To control the quality
2. Main objective of Marketing is:
(i) Profit through customer satisfaction
(ii) Profits through sales volume
(iii) Both (i) and (ii)
(iv) None of the above
(i) Profit through customer satisfaction
Which of the following is true?
(i) Finance has been called the life blood of business.
(ii) Management of financial activities of a business is known as financial management.
(iii) Liquidity, profitability and solvency are the main objectives of financial management.
(iv) All of the above
(iv) All of the above
What is a key objective of HR in the context of employee development and training?
(i) Minimise organisational hierarchy
(ii) Maximise shareholder profits
(iii) Enhance employee skills and capabilities
(iv) Streamline production processes
(iii) Enhance employee skills and capabilities
Production management is generally considered to be associated with the operation of factories or plants.
Which of the following state the reason for statement?
(1) The basic aim of the production function is to produce the goods required by the customers.
(II) Production management involves planning, organising and controlling of the production.
(III) It refers to the coordination of materials and personnel.
(IV) The production function developed largely in the factory.
(i) 1 & II
(ii) I & III
(iii) II & III
(iv) Only IV
(iv) Only IV
The nature of marketing is:
(i) A philosophy which aims at achieving organisational goods through satisfaction of customers.
(ii) An operational approach that aims at increasing sales volume through promotional efforts.
(iii) Both (i) and (ii)
(iv) None of the above
(i) A philosophy which aims at achieving organisational goods through satisfaction of customers.
Which of the given statements is true?
(i) The total amount of long terms funds is known as capitalisation.
(ii) After selecting the sources of funds, the relative proportion between equity and debt is decided. This is called capital-structure.
(iii) Both statement (i) and statement (ii)
(iv) None of the above
(iii) Both statement (i) and statement (ii)
Which of the following is NOT related to objectives of human resource department?
(i) Recruitment and Staffing
(ii) Employee Development
(iii) Consider people as liability
(iv) Performance Management
(iii) Consider people as liability
Efficient management of production is essential to the profitable functioning of every enterprise. Which the following is NOT true related to Production?
(Competency Focused) (Understanding & Application)
(i) Production function is no longer confined to plants or factories; service organisations like hotels, banks, hospitals, colleges, etc., also have production system.
( ii) The basic features of all production systems are inputs, conversion processes and outputs.
(iii) The modern concept of production is wider and it deals with the operational side of an organisation.
(iv) Production is concerned with the conversion of finished product into raw materials.
(iv) Production is concerned with the conversion of finished product into raw materials.
Which of the following is not related to Marketing.
(i) Marketing begins before production.
(iii) Profit through customer satisfaction.
(ii) Marketing continues after the product is sold.
(iv) Ends with sale.
(iv) Ends with sale.
Statement I: Accurate financial data is crucial for making well-informed decisions within the company.
Statement II: The department ensures that resources are used wisely and align with the company's overall goals.
Which of the following statements is true for finance and accounts department?
(i) Only Statement I.
(ii) Only Statement II.
(iii) Both Statement I and Statement II.
(iv) Neither Statement I nor Statement II.
(iii) Both Statement I and Statement II.
Statement I: HR engages in strategic workforce planning to ensure the company is prepared for future challenges and opportunities.
Statement II: The HR department sets performance expectations, conducts evaluations, but doesn't provide feedback to employees.
Which of the following statements is true for Human resource department?
(i) Only Statement I.
(ii) Only Statement II.
(iii) Both Statement I and Statement II.
(iv) Neither Statement I nor Statement II.
(i) Only Statement I.
Statement I: Effectively managing inventory involves maintaining an optimal balance between demand and supply to prevent excess inventory or stock outs.
Statement II: The production department works to control and minimise production costs.
Which of the following statements is true for Production department?
(i) Only Statement I.
(ii) Only Statement II.
(iii) Both Statement I and Statement II.
(iv) Neither Statement I nor Statement II.
(iii) Both Statement I and Statement II.
Marketing is a total system of interacting business activities designed to plan, price, promote and distribute wants satisfying products and services to present and potential customers. Which of the following statement states the objectives of marketing and sales department?
(i) The marketing department is not responsible for the planning and development of new products from time to time.
(ii) Marketing helps in building brand awareness by letting your customers know about the various products and the services offered by the business organisation.
(iii) The physical product is designed and produced by the sales department.
(iv) Goods and services can be easily purchased and sold over telephone, mail or internet.
(ii) Marketing helps in building brand awareness by letting your customers know about the various products and the services offered by the business organisation.
Statement I: Accurate financial data is crucial for making well-informed decisions within the company.
Statement II: The department ensures that resources are used wisely and align with the company's overal goals.
(i) A is true and R is the correct explanation for A.
(ii) A is true and R is not the correct explanation for A.
(iii) A is true, but R is false.
(iv) A is false, but R is true.
(iii) A is true, but R is false.
ASSERTION (A): People are the most important asset of business.
REASONING (R): the efficiency of all other resources (materials, machinery, money, land and buildings, furniture and fixtures, etc.) depends upon the human resources.
(i) A is true and R is the correct explanation for A.
(ii) A is true and R is not the correct explanation for A.
(iii) A is true, but R is false.
(iv) A is false, but R is true.
(i) A is true and R is the correct explanation for A.
ASSERTION (A): Production implies creation of goods and services with the help of certain processes.
REASONING (R): Production is concerned with the conversion of raw materials into semi-finished and finished products by applying various processes and procedures.
(i) A is true and R is the correct explanation for A.
(ii) A is true and R is not the correct explanation for A.
(iii) A is true, but R is false.
(iv) A is false, but R is true.
(i) A is true and R is the correct explanation for A.
ASSERTION (A): Businesses that take time to adjust their strategies stay relevant and competitive.
REASONING (R): By identifying untapped opportunities or entering new geographical areas, the company can increase its market share and customer base.
(i) A is true and R is the correct explanation for A.
(ii) A is true and R is not the correct explanation for A.
(iii) A is true, but R is false.
(iv) A is false, but R is true.
(iv) A is false, but R is true.