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CBSE Questions for Class 9 Elements Of Business Fundamentals Areas Of Business Quiz 8 - MCQExams.com
CBSE
Class 9 Elements Of Business
Fundamentals Areas Of Business
Quiz 8
Users of accounting information include ______________.
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Tax authorities
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Investors
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Creditors
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All of the above
Explanation
There are various stakeholders in the business who are interested to know about the accounting information for various reasons. User's or stake holders of the accounting information are creditors, Tax authorities, existing and prospective investors.
Creditors are interested to know about the safety of their money due from the company.
Tax Authorities are more interested to know that the company is maintaining the books of account as per the prevailing laws. Also want to ensure that due taxes are deposited by the company.
Investors both existing and prospective are more interested to know about the overall business.
Accounting information is being used by __________.
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Customers
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Researchers
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Both A & B
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None of the above
Explanation
There are different people or the stake holders interested to know about the financial position of the organization. These are customers, creditors, lenders, existing and prospective investors , tax authorities.
Customers are more interested to know about the business performance and the future plans of the organization.
Researchers are interested to know the accounting information to do further research and cpmparison with other similar industries.
Planning, organizing and controlling are part of _____ of HRM.
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managerial function
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operative function
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technical function
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behavioral function
For monitoring the employees in an enterprise the HRM can do
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Career Planning
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Sales forecast
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Developing cordial relations
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Both a & c
Finding out the abilities or skills required to do a job efficiently is called _______.
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job description
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job specification
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job analysis
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job evaluation
Accounting involves _________.
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decision making for the management easy as financial results can be compared.
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the records being put is a systematic pattern so that any point of time they can be used.
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the financial information being stored in a meaningful way for taxation purpose
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all of the above
Explanation
Accounting plays an important and useful role for the business owner. Main advantages are :
To record all the business transactions in a systematic way so that information can be used as and when required.
Financial statements are prepared on the basis of information recorded in the books of account, so that management can take a decision by comparing the results.
Accounting plays a vital role in giving the information to the taxation authorities to know whether business is following all the rules and laws and paying the tax in timely manner.
Which among the followings describe the skills that are available within the company?
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Human Resource inventory
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HRIS
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Skills inventory
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Management inventories
Which of the following is a method of collection of information for job analysis?
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Questionnaire method
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Ratio analysis
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Optimisation models
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Trend analysis
Human Resource Management (HRM) is that part of management which is?
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Concerned with how people at work use the various resources available in organization
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Concerned with people at work and with their relationship with an enterprise
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Concerned with how manager effectively use the various resources available in organization
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Concerned with how manager effectively control the people in organization
Explanation
Human Resource Management is that part of the process of management specifically concerned with the people at work and with their relationship with an enterprise. It is a management process that develops and manages the human elements of the enterprise.
Hence, B is the correct option.
_________ in any organization must have characteristics like skills, quality; high morale, commitment towards the work, attitude, etc.
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Marketing Resources
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Financial Factors
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Human resource
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All of above
Explanation
Human resources in any organization must have characteristics like skills, quality; high morale, commitment towards the work, attitude, etc. Human resource deals with the need of the people and management of the employees working in an organization.
Hence, option (C) is the correct answer.
Human Resource Management is often referred to as _______________.
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Peoples Management
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Human Management
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Resource Management
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Personnel Management
Explanation
Human resource management is often referred to as Personnel management.
It is a part of the management process which develops and manages human elements of the enterprise. Personnel management can be defined as a phase of management that deals with the effective control and use of manpower or human resources.
Hence, D is the correct option.
The concept of stagnation in the context of recruitment me.
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Lack of appropriate selection criteria.
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HR staff having very limited experience outside the HR function.
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Over-reliance on the internal labour market to fill new positions.
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Lack of integration of R&S into the wider H function.
Explanation
The concept of stagnation in the context of recruitment is over-reliance on the internal labour market to fill new positions. Relying too much on the internal labor market causes the stagnation in the process of recruitment.
Human Resource Management is that part of the process of management specifically concerned with the _________ employed in an organization.
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Resources
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People
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Assets
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All of the above
Explanation
Human Resource Management is that part of the process of management specifically concerned with the people employed in an organization.
Human resource management is often referred to as Personnel management. It is a part of the management process which develops and manages human elements of the enterprise.
Hence, B is the correct option.
Human resource management is normally ___________ in nature.
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Proactive
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Reactive
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Combative
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None of these
Explanation
Human resource management is normally proactive in nature.
Human resource management is a strategic method. It deals with the effective management of people in an organization.
The focus of Human Resource Management revolves around men.
________, defines "Personnel Management is the planning, organization, directing and controlling of the procurement, development, resources to the end that individual and societal objectives are accomplished".
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Edwin B. Flippo
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French Wendell
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Institute of Personnel Management
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IIPM(Calcutta)
Explanation
Edwin B Flippo, defines "Personnel Management is the planning, organization, directing and controlling of the procurement, development, resources to the end that individual and societal objectives are accomplished".
Personnel management can be also defined as a phase of management that deals with the effective control and use of manpower or human resources.
"Personnel Management is the recruitment, selection, development, utilization, compensation and motivation of human resources by the organization". This definition is given by.
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Edwin B. Flippo
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French Wendell
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Institute of Personnel Management
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Dirks
Explanation
"Personnel Management is the recruitment, selection, development, utilization, compensation, and motivation of human resources by the organization".
This definition is given by French Wendell.
Personnel management can be also defined as a phase of management that deals with the effective control and use of manpower or human resources.
Hence, B is the correct option.
Human resource management is normally _______ in nature.
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Proactive
0%
Reactive
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Combative
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None of the above
Explanation
In organizational behavior and industrial/organizational psychology, pro activity or proactive behavior by individuals refers to anticipatory, change-oriented and self initiated behavior in situations.
Proactive behavior involves acting in advance of a future situation, rather than just reacting.
Which of the following is an example of operative function of HR managers?
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Planning
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Organizing
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Procurement
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Controlling
Explanation
Procurement is an example of the operative function of HR managers since the operative functions are those tasks or duties which are specifically entrusted to the personal department under the general supervision of a personal manager.
Hence, C is the correct option.
The human resource management functions aim at ____________.
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ensuring that the human resources possess adequate capital, tool, equipment and material to perform the job successfully
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helping the organization deal with its employees in different stages of employment
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improving an organization's credit worthiness among financial institutions
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none of the above
Explanation
Six Main Functions of a Human Resource Department. The human resources department handles a range of different functions within an organization.
The department is responsible for
hiring
and firing employees,
training
workers, maintaining interoffice relationships and interpreting employment laws.
Human Resource Management
has
four basic functions
: staffing, training and development, motivation and maintenance.
Staffing is the recruitment and selection of potential employees, done through interviewing, applications, networking, etc.
According to _________, "Personnel management aims to achieve both efficiency and justice, neither of which can be pursued successful without the other. It seeks to bring together and develop into an effective organization the men and women who make up an enterprise, enabling each of make his or her own best contribution to its success both as an individual and as a member of a working group. It seeks to provide fair terms and conditions of employment and satisfying work for those employed."
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Edwin B. Flippo
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French Wendell
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The Indian Institute of Personnel Management
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Dirks
Explanation
According to The Institute of Personnel Management, "Personnel management aims to achieve and justice, neither of which can be pursued successful without the other. It seeks to bring together and develop into an effective organisation the men and women who make up an enterprise, enabling each of make his or her own best contribution to its success both as a member of a working group. It seeks to provide fair terms and conditions of employment and satisfaction work for those employed.
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Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
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Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion
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Assertion is correct but Reason is incorrect
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Both Assertion and Reason are incorrect
Explanation
Personnel management is an administrative
function
of an organization that exists to provide the personnel needed for organizational activities and to manage the general employee-employer relationship.
Process of planning and outlining
personal
goals for your life, and then trying to fulfill these goals in your life.
These goals
should
include both short term and long term goals, and
should
cover a variety of topics including finance, education, careers, and time
management.
The personnel manager generally acts as a spokesman of the top management and communicates management policies and decisions that affect people in the organization. Such role of personnel manager can be classified as.
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Representative Role
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Linking Pin Role
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Leadership Role
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Welfare Role
Explanation
The personnel manager generally acts as a spokesman of the top management and communicates management policies and decisions that affect people in the organization. Such a role of personnel manager can be classified as a representative role. This representative role of personnel managers can be used to display effective communication, the creation of a positive attitude towards others, the development of cooperation among group members, and the motivation of subordinates.
Hence, A is the correct option.
Human resource or personnel management involves getting things done through ___________.
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Buyer
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People
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Seller
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Shareholder
Explanation
Human resource or personnel management involves getting things done through people. It is a strategic method. It refers to the process of effective management of people in an organization.
Hence, B is the correct option.
____________ is a process of bringing people and organizations together so that the goals of each are met.
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Financial Resource Management
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Human Resource Management
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Material Management
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Resourse Management
Explanation
Human resource management is a process of bringing people and organizations together so that the goals of each are met.
Human resource or personnel management involves getting things done through people. It is a strategic method. It refers to the process of effective management of people in an organization.
Hence, B is the correct option.
According to _______ "The objectives of personnel administration include the utilization of human resources effectively, establishment and maintenance of productive and self-respecting working relationship among the participants and attainment of maximum individual development of the members in the organization."
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Edwin B. Flippo
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French Wendell
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The Institute of Personnel Management
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Dirks
Explanation
According to Dirks, "The objectives of personnel administration include the utilization of human resources effectively, establishment and maintenance of productive and self-respecting working relationship among the participants and attainment of maximum individual development of the members in the organization."
Hence, D is the correct option.
Regulatory Agencies, interested as users of accounting information's includes _____________________.
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Various Government departments
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Agencies such as Company Law Board (CLB)
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Registrar of Companies (ROC)
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All of the above
Explanation
Regulatory Agencies, interested as users of accounting information's includes
1.
Various Government departments
2.
Agencies such as Company Law Board (CLB)
3.
Registrar of Companies (ROC)
The objective of Human Resource Management (HRM) is/are -
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To ensure effective utilization and maxi-mum development of human resources.
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To identify and satisfy the needs of individuals.
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To achieve and maintain high morale among employees.
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All of above
Explanation
Human resource or personnel management involves getting things done through people. It is a strategic method. It refers to the process of effective management of people in an organization.
The objectives of Human Resource Management are -
a) To ensure effective utilization and maximum development of human resources.
b) To identify and satisfy the needs of individuals.
c) To achieve and maintain high morale among employees.
Hence, D is the correct option.
In performance appraisal BARS stands for.
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Behaviourally Attitude Rating System
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Behaviourally Aptitude Raking Sytem
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Behaviourally Anchored Rating Scales
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Behaviourally Attitude Rating Scales
Explanation
In performance appraisal BARS stands for Behaviorally Anchored Rating Scales. It helps to determine employees' performance. It also highlights both the qualitative and quantitative qualities of an employee.
______is a voluntary collective action to serve a common purpose. Whereas_______is the orderly synchronization of group efforts so as to provide unity of action in the pursuit of common purpose.
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Motivation, Co-operation
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Co-ordination, Co-operation
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Co-operation, Direction
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Co-operation, Co-ordination
Explanation
Coordination
and
Cooperation
.
Co
-
ordination
is an orderly arrangement of efforts to provide unity of action in the fulfilment of common objective whereas
co
-
operation
denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose
The studies conducted at __________ revealed two kinds of styles viz, production centered and employee-centered, which are similar to 'initiating structure and consideration' leadership styles as researched by Ohio State University Studies.
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University of Michigan
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Oxford University
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London University
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Delhi University
Explanation
Consideration
and
Initiating Structure
are two dimensions of leader behavior identified in 1945 as a result of the Ohio State Leadership Studies.
According to the findings of these studies, leaders exhibit two types of behaviors to facilitate goal accomplishment: People-oriented (
consideration
).
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