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CBSE Questions for Class 9 Elements Of Business Fundamentals Areas Of Business Quiz 5 - MCQExams.com
CBSE
Class 9 Elements Of Business
Fundamentals Areas Of Business
Quiz 5
Human Resource Management emphasizes _____.
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Development of people
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Punishment of people
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Adoption of people
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None of the above
Explanation
Human resource management is the effective management of the employees in the organization for the growth and development of the organization as well as the employees. It focuses on the employer-employee relation. It aims at retaining employees in the organization by providing them training and development opportunities so that they contribute more. It reduces labour turnover and the cost of hiring and training new employees.
Hence, option (A) is the correct answer.
Marketing strategy development is also known as ________.
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Marketing Control
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Marketing Exerciese
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Marketing Planning
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Situation Analysis
Explanation
Marketing planning helps a company to pen down the marketing strategies and tactics to be followed for targeting maximum people in the target group.Marketing planning focuses on a specific period of time and also covers many marketing details.
Scope of _______ is limited but scope of _________ is wider.
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Selling, Manufacturing
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Marketing, Publicity
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Selling, Marketing
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Marketing, Selling
Explanation
Marketing is a broad, somewhat simplistic concept, where selling is thought of as the exchange activity. Marketing is an overall Organisational activity (the planning, pricing, promotion, packaging, advertising) and selling of any Value Offer (Product) Selling is therefore only a part of the overall Marketing of any Product and therein lies the difference.
A_______ would most likely use an entity's financial report to determine whether or not the business entity is eligible for a loan.
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Creditor
0%
Emplyoee
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Mangement
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None of the Above
Explanation
There are two types of creditors.
Short term creditors are those who are providing goods or services on credit by analyzing the short-term financial position of the company.
Long term creditors are basically lenders who are providing loans to the business for long term purposes. These creditors uses the financial statements and reports to determine the financial worth and see the repayment capabilities of the firm before lending any amount.
Plan that indicates the programmes for transferring or retaining existing employees for new jobs is called _______.
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re-employment plan
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re-deployment plan
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redundancy plan
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Markov analysis
______ users are groups outside the business entity, who uses the information to make decisions about the business entity.
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Mangement
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Emplyoee
0%
Owner
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External
Explanation
There are various stakeholder in the business who want to know about the business performance of the organization. These are internal and external users.
Internal users are management, employees and accountants who wants to analyze the business performance based on various financial reports.
External users are lenders, creditors, investors which are more interested to know about the financial strength to take a decision about the business entity in terms of security of their money.
Which one of the following purposes is not served by performance evaluation ?
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Decisions about promotions, transfers and terminations
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Centralisation and decentralisation of decision making authority
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Identification of training and development needs
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Criterion against which selection and development programmes are validated
Financial statements are used by _______ .
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owners
0%
creditors
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investors
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all the three
Explanation
The users of accounting are mainly
classified into two
categories
1. Internal Users:
Internal users are
inside
the business of the entity.
Example: managers, owners, directors, CEO, CFO etc.
2. External Users:
These are outside the affairs of the entity.
Example: Creditors. Government, Shareholders etc
.
So, accounting is useful for all these users and not just for owners.
Out of these which is not a function normally performed by the HR department?
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Recruitment and selection
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Pay and reward.
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Accounting
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Employee relations.
Which of these would be considered as external user of the financial statements?
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Board of directors
0%
Shareholders
0%
Finance manager
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Production manager
Explanation
Financial statement of the business are prepared on a periodic basis to check the health of the business. This is a statutory requirement also. There are internal and external users to view and refer the financial statement. Banks, financial institutions and investors are considered as external users. Investors are always look for a better returns from the business where they have invested the amount for which they have a tool i.e. financial statement.
Market segmentation aims to ________.
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identify the similarities and differences between groups of customers or users
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identify the similarities between groups of customers or users
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identify the differences between organizations and their competitors
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none of the above
Irregularities, frauds and misappropriations can be detected only because of books accounts.
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True
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False
Explanation
Irregularities, frauds and misappropriation are not only detected by books of accounts but also by various strategies like making employees aware, set up reporting system, implement internal controls, hire experts etc.
The users of financial statements include _______ .
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shareholders
0%
government
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lenders
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all of the above
Explanation
The users of financial statement may be classified into internal external users. Internal users refers to mangers who use accounting information in making decisions related to the company's operations. External users, on the other hand, are not involved in the operations of the company but hold some financial interest.
_________ offers the opportunity to produce goods as per customer and specific need.
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Job method
0%
Batch method
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Flow method
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All of the above
Marketing management is ________.
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managing and marketing process
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monitoring the profitability of the company products and services
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selecting target markets
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the art and science of choosing target market and getting, keeping and growing customer-base through creating, delivering and communicating superior customer value
State true of false :
Accounting is useful only to the owner.
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True
0%
False
Explanation
The users of accounting are mainly
classified into two
categories
1. Internal Users:
Internal users are
inside
the business of the entity.
Example: managers, owners, directors, CEO, CFO etc.
2. External Users:
These are outside the affairs of the entity.
Example: Creditors. Government, Shareholders etc
.
So, accounting is useful for all these users and not just for owners.
Which of the following would be considered as an internal user of the financial statements?
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Shareholder
0%
Credotor
0%
Debtor
0%
Finance Manager
Explanation
Financial statements record and outline the financial activities of a business, an individual or any other entity. Financial statements are meant to present the financial information of the entity in equation as clearly and concise as possible for both the entity and for readers. Internal users refers to mangers who use accounting information in making decision related to the company's operation.
HRM is ________.
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general in nature
0%
specific in nature
0%
operational in nature
0%
all of the above
Which one of the following is the responsibility of human resource management?
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To ensure respect for individual employer
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To ensure reconciliation of individual goals with those of the organisation.
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To achieve and maintain high morals among the employees
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All of the above
Explanation
The various objectives of Human resource management are
To effectively achieve organisational objective
To develop and maintain employees
To attend legal, social, ethical issues.
To ensure reconciliation of individual goals with those of the organisation.
Personal management is more _________.
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administrative in nature
0%
specific in nature
0%
monitoring employee
0%
all of the above
Explanation
Personnel management focuses on fulfilling the organisational goals with the help of the employees.
It aims at removing the employees as there is a change in the technological environment and the employee do not have the required skills for the job.
Hence it is as administrative in nature.
So d is the correct answer.
Film production is done by which method of production?
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Job method
0%
Batch method
0%
Flow method
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Group method
Explanation
In this system Products are manufactured to meet the requirements of a specific order. The quality involved is small and the manufacturing of the product will take place as per the specifications given by the customer. It is used when a product is produced with the labour of one or few workers and is scarcely used for bulk and large scale production. Thus this process is always non-standardized.
HR managers are generally _________.
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staff managers
0%
line manager
0%
operational manager
0%
top executive.
As per G.R. Terry ____________.
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personal management is a continuous function
0%
human resources is a continues function
0%
personal management is hike a water power the faucet
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none of the above
Which of the following is not a feature of the deal HRM approach?
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Holistic
0%
Integrated
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Reactrive
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Proactive
Human Resource Department provides a number of services to corporate employees.
Select the one which is an not HR service.
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Recruitment and selection programmes
0%
Purchasing
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Equal opportunity activities
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Training and development programmes
Importance of personnel is in ________.
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HRM
0%
Personnel Management
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both a & b
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none of the above
Which of the following groups/ parties are interested in the accounting information of the business?
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Proprietors or owners
0%
Creditors
0%
Tax authorities
0%
All of these
Explanation
There are various stakeholders in the business who want to know about the business progress and financial position of the business.
Owner of the business is interested to know the profitability and business growth.
Creditors are more interested to know the financial position of the concern. Whether the firm will be able to repay their debt on time.
Tax Authorities are interested to know that the concern is maintaining the books of account properly and due taxes are paid on time.
The content of job description involves _________.
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job title, condition of work
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educational qualification, skills
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both a and b
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none of the above
Compensation will be perceived as fair if it is comprised of a system of components developed to maintain _________.
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internal equity
0%
external equity
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both internal and external equity
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none of these
The operative function of a Human Resource manager means _________.
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those tasks or duties which are specifically entrusted to the HR department under the general supervision of HR manager
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those tasks that are the function of strategic planning and organisation in relation to HR department
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specialized work that requires special attention
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advising the managers in their personal matters
Explanation
The operative functions of a Human Resource Manager are those tasks and duties which are specifically entrusted to the HR Manager. The following are the Operative Functions of Human Resource Management.
1. Employment of Personnel
2. Development of Personnel
3. Compensation to Personnel
4. Maintaining Good Industrial Relation
5. Record Keeping
6. Personnel Planning and Evaluation
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