Q. Management and administration are
✅ Correct Answer: (C)
partly same & partly different
Functional Areas of Business MCQs and Notes
Q. The first man who advocated the view that the management should and can be taught is:
✅ Correct Answer: (D)
Henry Fayol
Q. Financial management deals with
✅ Correct Answer: (D)
All of the above
Q. HRM function does not include
✅ Correct Answer: (B)
Budgeting
Q. _________means the conversion of raw materials into finished products with the help of certain processes.
✅ Correct Answer: (C)
Production
Q. Marketing management includes_________the product & services.
✅ Correct Answer: (D)
All of the Above
Q. What function of business is responsible for ensuring that products and services met high quality standards?
✅ Correct Answer: (B)
Marketing
Q. Providing working conditions that employees believe are necessary in order to maintain their commitment to the organization is
✅ Correct Answer: (B)
acquisition function
Q. ______ are the most important asset of an organization
✅ Correct Answer: (A)
finances
Q. The marketing logic by which the business unit hopes to achieve its marketing objectives is known as
✅ Correct Answer: (B)
marketing strategy