Functional Areas of Business MCQs and Notes

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📊 Functional Areas of Business
Q. Which of the following activities is not a direct responsibility of operations management?
  • (A) developing an operations strategy for the operation
  • (B) planning and controlling the operations
  • (C) determining the exact mix of products and services that customers will want
  • (D) designing the operations products, services and process
💬 Discuss
✅ Correct Answer: (C) determining the exact mix of products and services that customers will want
📊 Functional Areas of Business
Q. “Marketing is a human activity directed at satisfying needs and wants through exchange processes” is the statement by
  • (A) Philip Kotler
  • (B) Hansi L.V.
  • (C) Peter F. Drucker
  • (D) D.S. Pauler
💬 Discuss
✅ Correct Answer: (A) Philip Kotler
📊 Functional Areas of Business
Q. Modern Marketing consists
  • (A) Marketing Strategy and Research
  • (B) Marketing effectiveness
  • (C) Brand Management
  • (D) All of the above
💬 Discuss
✅ Correct Answer: (D) All of the above
📊 Functional Areas of Business
Q. Which of the following is not a function of management?
  • (A) planning
  • (B) staffing
  • (C) co-operation
  • (D) controlling
💬 Discuss
✅ Correct Answer: (C) co-operation
📊 Functional Areas of Business
Q. 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:
  • (A) (i) (iii) and (v)
  • (B) (i) (ii) (iii) and (iv)
  • (C) (iii) and (v)
  • (D) (i) (ii) (iii) (iv) and (v)
💬 Discuss
✅ Correct Answer: (D) (i) (ii) (iii) (iv) and (v)
📊 Functional Areas of Business
Q. Which type of function may be performed by the finance manager for management of profitability?
  • (A) Forecasting future profits
  • (B) Pricing
  • (C) Cost control
  • (D) All of the above
💬 Discuss
✅ Correct Answer: (D) All of the above
📊 Functional Areas of Business
Q. The main functions of human resource management is-
  • (A) To attain maximum individual development
  • (B) To prepare and maintain statement of finance
  • (C) Providing information to the customers
  • (D) Identify links between functions
💬 Discuss
✅ Correct Answer: (A) To attain maximum individual development
📊 Functional Areas of Business
Q. __________________ concerned with developing new goods/services and updating old ones
  • (A) Sales
  • (B) Consumers Services
  • (C) Research and development
  • (D) None of the above
💬 Discuss
✅ Correct Answer: (C) Research and development
📊 Functional Areas of Business
Q. Two businesses are not the same; the functions will vary because of-
  • (A) The size and scale of business
  • (B) The preferences of owner
  • (C) The types of customers
  • (D) All of the above
💬 Discuss
✅ Correct Answer: (D) All of the above
📊 Functional Areas of Business
Q. The main responsibilities of financial management function is
  • (A) Obtaining capital and resources for expansion or to pay for resources such as equipment and materials.
  • (B) Support for software applications, electronic communications and electronic transactions
  • (C) Maintaining legal rights and responsibilities of employer and employees
  • (D) All of the above
💬 Discuss
✅ Correct Answer: (A) Obtaining capital and resources for expansion or to pay for resources such as equipment and materials.

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