Q. What function of business is responsible for ensuring that products and services meet high quality standards?
✅ Correct Answer: (C)
Operations
Functional Areas of Business MCQs and Notes
Q. Overseeing the provisions of services is a role of
✅ Correct Answer: (B)
Operations management
Q. Wealth maximization is the acceptable objective because it is
✅ Correct Answer: (D)
All of the above
Q. _____________ concerned with the main business activities which obtains and converts resources of the business into goods/services
✅ Correct Answer: (A)
Production management
Q. _________________ is that part of management concerned with people at work.
✅ Correct Answer: (D)
None of the above
Q. Human resource management consist of
✅ Correct Answer: (D)
All of the above
Q. _______________ is the management of systems that creates goods and services.
✅ Correct Answer: (A)
Operations
Q. Operation management provide desired utilities of
✅ Correct Answer: (D)
All of the above
Q. Which assets yield a return over a period of time in future
✅ Correct Answer: (B)
Long term assets
Q. _______________ provides a conceptual and analytical framework for financial decision making.
✅ Correct Answer: (B)
Financial management