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CBSE Questions for Class 9 Elements Of Business Fundamentals Areas Of Business Quiz 3 - MCQExams.com
CBSE
Class 9 Elements Of Business
Fundamentals Areas Of Business
Quiz 3
Who is not associated with HRM?
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Michael J. Jucius
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Dale Yodar
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Edvoin B. Flippo
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K.K. Devit
Which of the following department is responsible for handling safety & health issues of employees?
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HR department
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Procurement department
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Finance department
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Marketing department
Modigliani-Miller approach is based on the following assumptions:
I. All firms have equity capital
II. There is a perfect market
III. Investors act rationally
IV. Information about the market conditions is imperfect
Of these:
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I and IV are correct
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I, II and IV are correct
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I, II and III are correct
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All are correct
A method for achieving maximum market response from limited marketing resources by reorganizing differences in the response characteristics of various parts of the market is known as _______.
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market targeting
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market positioning
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market segmentation
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market strategy
Explanation
Market segmentation is the process of dividing a vast market, normally consisting of existing and potential customers into a sub group of customers. Segmentation helps in targeting the most profitable market.
The main function of product policy is?
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To guide the activities of the firm towards common goal
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To guide the activities of the entrepreneur towards common goal
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Principles of operation adopted by the management
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All the above
HRD as a total system includes the following major sub-systems:
$$1.$$ Performance Appraisal
$$2.$$ Career Planning
$$3.$$ Role Analysis
$$4.$$ ABC Analysis
$$5.$$ Rewards
Select the correct answer from the codes.
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$$1, 2, 3, 4$$
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$$1, 2, 3, 5$$
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$$2, 3, 4, 5$$
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$$1, 3, 4, 5$$
Which of the following does include HRM?
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Job evaluation
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Performance appraisal
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Sales promotion
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Job enrichment
The selling concept is most likely to be used by firms which sell _______.
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convenience goods
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shopping goods
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speciality goods
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unsought goods
Explanation
Selling concept states that consumers will not buy enough of company's products unless they are persuaded to do so through selling efforts. Hence organizations should undertake selling and promotion of their product for marketing success. Unsought goods are the goods or products that customers do not know about or do not think of buying.
The national institute of labour management was established on _______.
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26th January, 1950
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26th January, 1960
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26th January, 1967
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26th January, 1970
Training in the following aspects are additional benefits for the personal managers qualification ________.
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psychological aspects and labour legislation
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personnel management and general management
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psychology and general management
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both (A) and (B)
Which of the following is not a function normally performed by the HR department?
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Employee relation
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Training and Development
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Accounting
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Recruitment and Selection
Which of the following component of attitude represents a person's opinions Knowledge, and information?
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Affective component
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Cognitive component
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Behavioural component
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Objective component
The royal commission on labour in india (1929-31) recommended _________.
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the employment of a labour officer
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the execution of the jobber from engagement and dismissal of labour
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both (A) and (B)
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none of the above
Explanation
The Royal Commission on labor in India was set up to investigate India's working conditions. The commission pointed out the need for a systematic collection of labor statistics. The Commission recommended the employment of a labor officer and the execution of the jobber from engagement and dismissal of labor. Option C is correct.
Which of the following is a key HR role?
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Personnel administrator
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Business ally
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Payroll advisor
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Organisational geographer
Which of the following is not included in the model of the systems approach of Human Resource Management?
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Human Resource Planning
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Recruitment and Selection
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Performance appraisal
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Departmentalization
What are the activities of personnel department?
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Recruitment and Training
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Wage and Salary, Administration, and Employee Service
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Manpower planning
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All of the above
Explanation
The personnel department is involved in Recruiting, Training, Planning, Salaries distribution, job analysis, job evaluation, managing wages and salaries, training administration, resolving disputes, labor law compliance and all kind of manpower-related jobs and to ensure a good environment at the workplace.
Hence, option (D) is the correct answer.
Which of the following statements most accurately defines human resource management?
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Human resource management contributes to business strategy and plays an important role in the implementation of business strategy.
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Human resources management is an approach to managing people.
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Human resources management seeks to achieve competitive advantage through the strategic development of a highly committed and capable workforce, using an integrated array of cultural, structural and personnel techniques.
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Human resources management focuses on people as the source of competitive advantage.
What does 'Discharge' refer to?
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Suspension of workers
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Completing the formalities of sending the employee out of the organisation
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Workers leaving on their own accord
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None of the above
In strategic human resource management, HR strategies are generally aligned with ________.
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business strategy
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marketing strategy
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finance strategy
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economic strategy
The basic information required for the job study can be collected through which of the following?
Observation
Discussion
Check-lists (or) questionnaires
Consultation with higher management
Findings of psychological tests
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1,3 and 5 are correct
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2, 4 and 5 are correct
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1 and 4 are correct
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All are correct
Explanation
job study begins with the study of organisation including planing, organizing, structuring, internal and external environment, past present and future aspects and policies etc.
A manpower planning is concerned with ________.
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the optimum use of human resources
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the optimum use of company resources
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the optimum use of natural resources
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all of the above
Executive recruiters are also called ________.
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headhunters
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staffers
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alternative staffing companies
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contract technical recruiters
Explanation
An executive recruiter, is an individual or company hired by an employer to recruit talent for an open role. These are also called headhunters. These are hired by firms when they are unable to find right person.
The number of workers required by a concern depends upon ________.
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the scale of production
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the degree of mechanization
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methods of work
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all the above
Explanation
Option D is correct. Workers requirement is completely depend on the entrepreneur. Entrepreneur decide themselves the number based on scale of production, Degree of mechanization and methods of work. If scale is big then then there will be large number of workers required. If scale is small then less number of workers required. Similarly if there is mechanization then less workers, If no mechanization the more workers. Therefore, Option D is correct.
The personnel policies which provide the flow of manpower into all the departments, are policies for _________.
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recruitment, selection
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development, pay structures
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promotion and performance evaluation
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all of the above
HRM is viewed as a management process, consisting of four functional activities:
(i) Acquisition
(ii) Motivation
(iii) Development
(iv) Resolution of industrial disputes
(v) Maintenance
Select the correct combination.
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(i), (ii), (iii) and (iv)
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(i), (ii), (iii) and (v)
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(i), (ii), (iv) and (v)
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(i), (iii), (iv) and (v)
What does 'Lay-offs' refers to?
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Suspension of workers
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Workers leaving on their own accord
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Transfer from one location to other
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None of these
Human resource management effectiveness aims to maximize employees as well as organizational ___________.
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effectiveness
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economy
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efficiency
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financial stability
A number of benefits can be derived from using E-recruiting, these include:
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It decreases the effectiveness of the recruitment process by reaching larger numbers of qualified people.
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It increases recruitment costs, it decreases and streamlines the administrative process cycle times.
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It does not allow the company to evaluate the success of its recruitment strategy.
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It increases the effectiveness of the recruitment process by reaching a large number of qualified people.
Explanation
E-recruitment is also known as online recruitment in which potential candidates are hired for vacant job positions. It makes use of the internet to reach a large number of job seekers and hire the best talent for the company at a lesser cost as compared to physical recruitment. It has a wide geographical coverage and the right person for the right job can be easily found. The employer has a wide range of choices to select the best candidate who can help in increasing productivity.
Hence, option (D) is the correct answer.
Which of the following department of an organization performs the managerial function of matching organizational needs with the skills & abilities of the employees?
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Finance department
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Marketing department
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Production department
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Human Resource department
Explanation
Human resource department performs the function of managing and developing the employees in the organisation. Human resource management involves developing and administering the programs that are designed for building an effective organisation. It manages and develops an employer-employee relationship. It involves managing job requirements, promotion, selection, seeing employee benefits, increasing the efficiency of the employees for better results of the organization.
Hence, option (D) is the correct answer.
What is the reason for Suspension of a worker?
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Lack of adequate work or shortage of raw materials
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Violation of rules, dishonesty, etc
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Lack of job satisfaction
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Ill-health or some other personal reasons
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