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CBSE Questions for Class 9 Elements Of Business Fundamentals Areas Of Business Quiz 9 - MCQExams.com
CBSE
Class 9 Elements Of Business
Fundamentals Areas Of Business
Quiz 9
One aim of societal marketing is to
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Consider consumers needs and long-term welfare
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Encourage satisfaction of short-term needs
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Demand support from local communities
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Form partnerships which benefit the selling organization
Explanation
Societal marketing is a concept in marketing that emphasizes social consciousness as part of the overall marketing plan. Societal marketing is when a company markets a product not only with consumer and company needs in mind, but also the long-term well being of society as a whole. Companies that produce effective societal marketing campaigns incorporate social and ethical considerations into the marketing plan
Which of the following is/are external users of accounting information's?
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Shareholders/ Investors
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Creditors
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Government agencies
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All of the above
Explanation
External Users
are those which are
outside
the
affairs
of the business.
Example:
Shareholders, creditors, government
etc.
The various feature of Human Resource Management (HRM) is/are:
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It helps employees to minimize their monthly expenditure.
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It is all about people at work, both as individuals and groups.
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It tries to put people on assigned jobs in order to produce good results.
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(B) & (C)
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 various features of Human Resource Management are:
a) It is all about people at work, both as individuals and groups.
b) It tries to put people on assigned jobs in order to produce good results.
Hence, D is the correct option.
The HR department is organizing a CSR Activity in a nearby village and wants to invite participants and volunteers. They will write a________.
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Circular
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Office Order
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Representation
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Memorandum
Explanation
The HR department is organizing a CSR Activity in a nearby village and wants to invite participants and volunteers. They will write a - Circular. Circular refers to a letter which is distributed to a large mass of people.
Which of the following is the most essential requirement for an effective points-based rating system?
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Close co-ordination between the management and the HR department
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Comprehensive, dependable and consistent information
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Impartiality in evaluation
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None of the above
Explanation
Comprehensive, dependable, and consistent information are the most essential requirements for an effective points-based rating system. In this method, employees are assigned a rank on the basis of the following traits.
Hence, B is the correct option.
External users of accounting information include ______________.
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Owner
0%
Customer
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Management
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None of these
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
.
Internal users of accounting information include _______________.
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Short-Term Creditors
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Customers
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Long-term Lenders
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CEO
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
.
Your Resume should:
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Mention career goals and specific job objectives.
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Explain how your qualifications and experience are suitable for the job on offer.
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Give evidence of excellent writing skills.
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All of above
Explanation
A resume is also known as bio-data. Resume should:
a) Mention career goals and specific job objectives;
b) Explain how your qualifications and experience are suitable for the job on offer;
c) Give evidence of excellent writing skills.
Hence, D is the correct option.
Users of accounting information include _____________.
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Creditors
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Lenders
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Customers
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All of the above
Explanation
Accounting information is used by all the options given in the question, since they use information to make economic decisions and they are stakeholders of the business who deserve to know it all as well.
Which of the following is/are integral parts of the HR function of management?
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Training
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Development
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(a) or (b)
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(a) and (b)
Explanation
Training and development are integral parts of the HR function of management. Training and development are conducted to increase the efficiency of the employees of the organization and thus it helps them to achieve organizational goals.
Hence, D is the correct option.
The basic objective of accounting is ________________.
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To maintain systematic records of financial transactions
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To ascertain financial performance
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To ascertain financial position
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All of Above
Explanation
Basic objective of accounting is -
1. To record financial transactions and events.
2. To determine profit or loss.
3. To determine financial position.
4. Communicating accounting information to users.
Human Resource Management as planning, organizing, directing, controlling of procurement, development, compensation, integration , maintenance and separation of human resources to the end that individual, organizational and social objectives are achieved. This definition is given by _______.
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The National Institute of Personal Management
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Edwin Flippo
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Decenzo and Robbins
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Robert Owen
Explanation
Edwin Flippo
defines-
HRM
as planning, organizing, directing, controlling of procurement, development, compensation, integration, maintenance and separation of
human resources
to the end that individual, organizational and social objectives are achieved.
HRM
is defined as the process of managing employees in a company and it can involve hiring, firing, training and motivating employees.
An example of
human resource management
is the way in which a company hires new employees and trains those new workers.
The success of recruiters and employment specialists generally is measured by the number of positions they fill and the time it takes to fill those positions.
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True
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False
Explanation
As an
employment specialist
, you'll be responsible for recruiting potential employees or finding jobs for people who need them. Your duties might include assessing occupational skills, developing
job
search skills, screening possible employees and building partnerships with potential employers.
Areas of HRM oversight include _________.
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employee recruitment, onboarding and retention
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job role assignment
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performance management
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all of the above
Explanation
Areas of
HRM oversight include
the following employee recruitment, on boarding and retention. talent management and workforce management performance management.
Therefore, their essential
job responsibilities
include: Developing and administering
human resources
plans and procedures that relate to company personnel. Planning, organizing, and controlling the activities and actions of the
HR
department.
Which of the following is the example of external users of accounting information ______________.
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Government
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Owners
0%
Management
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Employee
Explanation
Government is an external user of the accounting information as it is not part of the business.
There are two types of users of the financial statements
1. Internal Users: The examples of Internal users are owners, management and employee etc.
2. External Users: The example of External users are the government.
Active Limited has launched a new range of air conditioners in order to add value to the usability of the product. The new range of air conditioners have an inbuilt air purifier and are available in attractive colors. Identify the type of marketing philosophy being described in the above lines.
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Societal marketing concept
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Marketing concept
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Production concept
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Product concept
Explanation
With the increase in the supply of the products, customers start looking for products which are superior in quality, performance and features. The focus of business activity, here, is to bring continuous improvement in the quality, incorporating new features, etc. Thus, product improvement is the key to profit maximisation of a firm, under
the concept of product orientation.
Hence, D is the correct option.
In India, the employment exchanges were established only after the ______.
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first world war
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great depression
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second world war
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independence
To generate and facilitate any exchange intended to satisfy human needs or wants such that the satisfaction of these wants occur with minimal detrimental impact on the natural environment is known as_______.
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Aggressive marketing
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Operating marketing
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Green marketing
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All of the above
Explanation
Green marketing refers to the process of selling products and/or services based on their environmental benefits. Such a product or services may be environment friendly in itself or produced in an environment friendly way. Green marketing is a part of new marketing approach.
Which of the following is not included in the model of the systems approach to human resource management?
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Departmentation
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Recruitment
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Performance Appraisal
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Promotion
Explanation
Human resource management is the effective management of the employees in the organization. It assesses the performance of the employees in accordance with the requirement of the job, provides them training and development opportunities, and appreciates better results. It involves promotion, job rotation, increment and incentives, training, etc. for achieving the organizational goal with effective utilization of human resources. HRM does not include departmentation.
Departmentation
is when the work of the organization is divided into departments. It deals with the management and grouping of work.
Hence, option (A) is the correct answer.
Which of the following concepts is based on development, design and implementation of marketing programmes, processes and activities that recognize their breadth and interdependence?
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Product concept
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Sales concept
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Societal marketing concept
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Holistic marketing concept
Explanation
Holistic philosophy is characterized by the belief that the parts of something are intimately interconnected and explicable only by reference to the whole. Holistic marketing considers business and all its parts as one single entity and gives a shared purpose to every activity and person related to that business.
Which of the following is not a method of segmenting a market?
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Behavioural segmentation
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Psychograpic segmentation
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Benefits segmentation
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Customer segmentation
Explanation
Market segmentation refers to dividing a vast market or consumers. It is carried out to select the best suitable market for the product or service offered by a company.
The most common forms of market segmentation are-behavioral segmentation which divides the market based on the consumer's behaviour, usage pattern and buying pattern.
Physchographic segmentation uses the people' lifestyle, activities and interests as a bases of segmentation.
Benefits segmentation refers to dividing the market based on the advantage or benefit the consumers perceive that they obtain from the product.
Purpose of accounting is to provide financial information to _________.
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Shareholders
0%
Tax authorities
0%
Investors
0%
All of these
Explanation
There are various stakeholders who are interested in the financial position of the company. Shareholders and investors are the people who have provided the capital in the organization, hence want to know the financial position of the organization and more interested to know about the utilization of their money.
Tax Authorities are more interested to know about the overall financial position of the business to check and ensure that the company is paying the tax obligations on timely basis.
Which segmentation approach is the most compatible with the spirit of the marketing concept?
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Benefit sought
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Income
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Social class
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Family size
Explanation
Benefit sought is a segmentation approach which divides the market based upon the perceived value, benefit or advantage consumers perceive that they receive from a product or service. Benefit sought is the most compatible with the spirit of the marketing concept because it delivers the maximum customer satisfaction and makes a win win situation for the organization and consumers.
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