1. _______________ is responsible for assessing customer wants and needs.
Correct : A. Marketing
2. _____________is concerned with the design and delivery of advice and financial
products.
Correct : B. Financial services
3. _______________ provides a conceptual and analytical framework for financial decision making.
Correct : B. Financial management
4. Which assets yield a return over a period of time in future
Correct : B. Long term assets
5. Operation management provide desired utilities of
Correct : D. All of the above
6. _______________ is the management of systems that creates goods and services.
Correct : A. Operations
7. Human resource management consist of
Correct : D. All of the above
8. _________________ is that part of management concerned with people at work.
Correct : D. None of the above
9. _____________ concerned with the main business activities which obtains and converts
resources of the business into goods/services
Correct : A. Production management
10. Wealth maximization is the acceptable objective because it is
Correct : D. All of the above
11. Overseeing the provisions of services is a role of
Correct : B. Operations management
12. What function of business is responsible for ensuring that products and services meet high quality standards?
Correct : C. Operations
13. The main responsibilities of financial management function is
Correct : A. Obtaining capital and resources for expansion or to pay for resources such as equipment and materials.
14. Two businesses are not the same; the functions will vary because of-
Correct : D. All of the above
15. __________________ concerned with developing new goods/services and updating old ones
Correct : C. Research and development
16. The main functions of human resource management is-
Correct : A. To attain maximum individual development
17. Which type of function may be performed by the finance manager for management of profitability?
Correct : D. All of the above
18. Which of the following are covered under the scope of Human Resource Management? (Choose the appropriate code given below)
(i) Forecasting Human Resource need
(ii) Replacement planning
(iii) Human Resource Dynamics
(iv) Human Resource Development Planning
(v) Human Resource Audit
Codes:
Correct : D. (i) (ii) (iii) (iv) and (v)
19. Which of the following is not a function of management?
Correct : C. co-operation
20. Modern Marketing consists
Correct : D. All of the above
21. “Marketing is a human activity directed at satisfying needs and wants through exchange processes” is the statement by
Correct : A. Philip Kotler
22. Which of the following activities is not a direct responsibility of operations management?
Correct : C. determining the exact mix of products and services that customers will want
23. The major responsibility of production management is
Correct : B. Transformation of inputs into specified outputs
24. One objectives of financial management is
Correct : A. Ensuring a fair rate of return to the suppliers of capital
25. The marketing department of an anorganisation
Correct : D. Distribution of goods and services.
26. Employment is one of the functions of
Correct : A. Human resource management
27. The Personnel management is viewed as
Correct : A. l
28. The Art and Science of managing money is referred to as
Correct : A. Banking
29. The traditional phase of financial management evolved during
Correct : A. 1920s and 1930s
30. The principal focus of traditional approach of financial management was
Correct : B. short term financial needs
31. The process by which companies creates value for customers and build strong customer relationships in order to capture value from customers in return is known as
Correct : A. marketing mix
32. When backed by buying power, wants becomes
Correct : D. satisfaction of needs
33. The marketing logic by which the business unit hopes to achieve its marketing objectives is known as
Correct : B. marketing strategy
34. ______ are the most important asset of an organization
Correct : A. finances
35. Providing working conditions that employees believe are necessary in order to maintain their commitment to the organization is
Correct : B. acquisition function
36. What function of business is responsible for ensuring that products and services met high quality standards?
38. _________means the conversion of raw materials into finished products with the help of certain processes.
Correct : C. Production
39. HRM function does not include
Correct : B. Budgeting
40. Financial management deals with
Correct : D. All of the above
41. The first man who advocated the view that the management should and can be taught is:
Correct : D. Henry Fayol
42. Management and administration are
Correct : C. partly same & partly different
43. Henry Fayol laid down
Correct : C. 14 principles
44. Financial management is mainly concerned with
Correct : A. All aspects of acquiring and utilising financial resources for firm’s activities
45. The primary goal of the financial management is
Correct : C. To maximize the wealth of owners
46. Capital budgeting is related to
Correct : A. Long term assets
47. Working capital management is managing
Correct : A. Short term assets and liabilities
48. __________ is a source of long term-finance
Correct : D. All of the above
49. One of the sources of seasonal working capital is
Correct : C. Indigenous banker
50. Wealth maximisation is the acceptable objective because it is
Correct : D. All of the above
51. The financial function for allocation of capital to long term assets is
Correct : B. Capital budgeting
52. _____ is a source of long-term finance.
Correct : D. All of the above
53. ________________ calls for skillful planning, control and execution of a firm’s activities
Correct : B. finance function
54. One of the sources of seasonal working capital is
Correct : C. Indigenous Bankers
55. _______________ involves the decision of allocation of capital or commitment of funds
to long-term assets that would yield benefits in the future
Correct : B. Capital budgeting
56. The objectives of financial management includes-
Correct : A. Procurement of funds
57. ______________ management refers to current assets management which effects the
firm’s liquidity and solvency
Correct : A. Working capital
58. The important factors that to be considered for dividend policy includes-
Correct : D. All of the above
59. Short-term finance is required to meet the expenses for-
Correct : A. Payment of wages and salaries
60. The only viable goal of financial management is:
Correct : B. Wealth maximization
61. The extent to which the firm has fixed financing costs arising from the use of debt is measured by
Correct : C. Financial leverage
62. Which of the following is not a component of current assets?
Correct : C. Bills Payables
63. The modern approach to finance functions considers which of the following?
Correct : D. All of the above
64. A firm should select a financing mix which maximizes its value and the shareholders’ wealth. Such is referred to as
Correct : D. Optimal Capital structure
65. ________ varies with the volume of operations
Correct : B. Fluctuating/Temporary WC
66. Projects are accepted under profitability method, if
Correct : A. PI > 1
67. A theory known as dividend irrelevance theory is:
Correct : C. Modigliani & Miller’s Model
68. “_______________ of a company refers to the make-up of its capitalization and it includes all long-term capital resources viz., loans, reserves, shares and bonds. - Gerstenberg.
Correct : D. Capital structure
69. Which of the following is not short-term source of capital/finance?
Correct : C. Debenture
70. Trading on equity means
Correct : A. Taking advantage of equity share capital to borrow funds on reasonable basis
71. A good financial structure should be
Correct : A. Flexible enough to have scope for expansion or contraction
72. Financial planning is concerned with
Correct : D. Laying down of policies in regard to cash control, etc.
73. ________ is traditionally considered as the main objective of the firm
Correct : B. Profit maximization
74. Funds needed for acquiring fixed assets are known as
Correct : B. long term finance
75. Finance raised by ways of loans and credit from public, banks, and financial institutions is known as
Correct : D. borrowed capital
76. Shares which are not only entitled to a fixed preferential dividend but also participate in
the surplus profits are known as
Correct : A. cumulative preference shares
77. The company is usually required to pledge assets of the company to the lender as collateral under
Correct : B. debt financing
78. The process of allocating scarce resources of a business firm among the competing investment projects can be considered as
Correct : A. investment decision
79. According to MM approach, the total value of the firm remain
Correct : D. constant
80. Working capital is the proportion of the total capital which is employed in
Correct : B. short term or current operations
81. The manager who looks after the activities of the Finance Department is known as
Correct : B. Financial Manager
82. _____________is the particular combination of debt & equity used by a company of
finance its overall operations and growth.
Correct : C. Capital structure
83. ______________involves raising money by selling interests in the company.
Correct : A. Equity
84. Financial management involves
Correct : D. All of the above
85. Financial management is mainly concerned with_________
Correct : A. All aspects of acquiring & utilizing financial resources for firms activities.
86. The primary goal of financial management is
Correct : C. To maximize the wealth of owners
87. _____________are financial assets
Correct : D. B and C.
88. Human resource management seeks to accomplish
Correct : D. All of the above
89. ____________ is concerned with manpower planning, recruitment, selection, placement, induction, transfer.
Correct : A. The labour aspect
90. Which activity involves design of policies and procedures for fair recruitment and
selection of human resource?
Correct : B. Recruitment and selection
91. The process of HR planning includes
Correct : D. All of the above
92. Job description includes
Correct : A. Job title
93. __________________is the process through which the organisation seeks applicants
for potential employment
Correct : C. Recruitment
94. Which one is not methods of training?
Correct : C. Promotional
95. Which of the following is/are types of training?
Correct : C. Both (a) and (b)
96. The objectives of compensation includes-
Correct : D. All of the above
97. Human resource management functions does not include
Correct : B. Budgeting
98. The essential elements of employer-employee relationship includes
Correct : D. All of the above
99. On-the-job training includes
Correct : C. Position rotation
100. The importance of human resource management includes