CBSE Questions for Class 9 Elements Of Business Fundamentals Areas Of Business Quiz 7 - MCQExams.com

Availability and ______ of the product was considered to be the key to the success of a firm.
  • Accountability
  • Affordability
  • Price
  • Quality
Producing on a large scale reduces the _________ of the product.
  • Average cost
  • Average price
  • Average profit
  • Average time
The focus of business activities during industrial revolution was the ________.
  • Expanding business.
  • Profit maximization
  • Production of goods
  • Selling of goods
During the early days of the ___________, the demand for industrial goods started picking up.
  • Industrial revolution
  • Modern revolution
  • Technological revolution
  • Revolution
Due to the demand of _______ goods, the demand exceeded the supply during the early days of industrial revolution.
  • homemade
  • conventional
  • daily
  • industrial
Industrial revolution brought in the changes in ______ system.
  • Distribution
  • Selling
  • Packaging
  • Production
______ could be maximized by producing at large scale. 
  • Sales
  • Value
  • Profits
  • Equity
Regulatory Agencies interested as users of accounting information includes __________.
  • Various Government departments
  • Agencies such as Company Law Board (CLB)
  • Registrar of Companies (ROC)
  • All of the above
Marketing management is _______ ?
  • Managing the marketing process
  • Monitoring the profitability of the companies prod acts and services
  • Selecting target markets
  • The art and science of choosing target markets and getting, keeping and growing customers through
In SCM, ________ production methods is similar except that the problem of rest/idle production/batch queuing is eliminated in _________.
  • flow, batch
  • batch, flow
  • batch, job
  • job, batch
Understanding building codes would be considered a __________ skill for a building contractor.
  • Human
  • Technical
  • Conceptual
  • Empirical
Select the odd on in relation to users of accounting information.
  • Officers
  • Managers
  • Debtors
  • Board of directors
Which of the following are internal users of accounting information?
  • Board of directors
  • Partners
  • Managers
  • All of the above
In marketing the law of _________ is followed.
  • ceveat emptor, let the buyer beware
  • ceveat Vendor, let the seller beware
  • both (a) & (b)
  • none of the above
Which of the following is/are the advantages of accounting?
  • Decision making relating to financial aspect
  • Evidence in legal matters relating to accounting
  • Provides information to interested parties
  • All of the above
Which of the following is/are external users of accounting information?
  • Shareholders/investors
  • Creditors
  • Government agencies
  • All of the above
The human resources in an organization are best described as the ones who?
  • Justify their pay and benefits
  • Design produce and deliver products and services to customers
  • Are hard to quantify in terms of costs and benefits
  • Usually regarded as expenses by financial managers.
Career counselling is included in which of the functions of HRM?
  • Compensation & benefits
  • Planning and selections
  • Traininng & development
  • Maintaining HRIS
Which of the following is not a typical HRM issue?
  • Staffing
  • Marketing
  • Training
  • Pay
Out of these which is not a function normally performed by the HR department ?
  • Recruitment and selection
  • Pat and reward
  • Accounting
  • Employee relations
An organization's human resource management department consists of five major components. The five components of HRM influence each others. Which of the following is affected by the kind of people that the organization attracts and hires through recruitment and selection?
  • The appropriate levels of pay and benefits
  • Selection practices and job structure
  • Selection practices of the company
  • The strategic planning process
To be viewed as a strategic partner, contributing to organizational performance HR must demonstrate that
  • HR activities contribute to the financial results of the organization
  • The right people are being hired and retained
  • The Organization is in full compliance with all government laws and regulations
  • HR is able to compete in a tight labour market in terms of pay, benefits and working conditions.
Some of the deceived with which HRM works are
  • Recruitment
  • Motivation
  • Approval
  • All of the above
Human Resource Departments provide a number of services to corporate employees. Select the one which is an HR service.
  • Recruitment and selection programmes
  • Purchasing
  • Equal opportunity activities
  • Training and development programmes
What strategies deployed by HR for attracting potential candidates to apply for vacancies might be seen to result in indirect discrimination?
  • Advert in local press
  • Word of mouth
  • Now recruiting banners/notices
  • Agency or job centre
The operation function of a personnel manager is
  • Planning
  • Recruitment
  • Training
  • All of the above
Directing is one of the important functions of HRM which comes under ______.
  • managerial function
  • operative function
  • technical function
  • behavioral function
Accounting information is being used by ___________.
  • Customer
  • Researchers
  • Both a & b
  • None of the above
Maintenance, motivation and compensation are part of _________ of HRM
  • managerial function
  • operative function
  • technical function
  • behavioral function
Identify the external users of financial information or financial statements ____________________.
  • Management of the business
  • CFO of the business
  • Employees of the business
  • Investors of the business
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