Quiz: Functional Departments In A Typical Business

8 Questions | Total Attempts: 382

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Business Department Quizzes & Trivia

Questions and Answers
  • 1. 
    What are the top five functional departments in a typical business as discussed in the course textbook and class lecture notes?
    • A. 

      Finance, Marketing, IT, Legal, and HR

    • B. 

      HR, Management, IT, Legal, Production

    • C. 

      Manufacturing, Quality Control, HR, Finance, Legal

    • D. 

      Legal, Security, HR, Manufacturing, and Finance

    • E. 

      Facilities, Manufacturing, HR, Finance, Production control

  • 2. 
    What are the top three roles of a typical Finance department?
    • A. 

      Sales forecast, Acccounting, Treasury operations

    • B. 

      Accounting, Comptrollership, Risk mitigation

    • C. 

      Treasury operations, Accounting, Comptrollership

    • D. 

      Petty cash disbursements, Accounting, Sales

  • 3. 
    What are the three major roles  in a Human Resource (HR) department?
    • A. 

      Recruiting, Performance Appraisals, Employee luncheons

    • B. 

      Employee Relations, Retention and Labor disputes

    • C. 

      Employee appraisals, Recruiting, and Retention

    • D. 

      Recruiting, Employee Relations and Benefits and Compensation

  • 4. 
    What are the top three roles in a firm's Legal department?
    • A. 

      Lawsuits, Insurance and Contracts

    • B. 

      Litigation, Contracts, Managing company legal risk

    • C. 

      Trials, Contracts and Lawsuits

    • D. 

      Warranties, Liabilities and Contracts

    • E. 

      Judge Judy preparation, Contracts and Litigation

  • 5. 
    What are the top three roles of a company's Marketing Department?
    • A. 

      Consumer demand research, advertising and marketing strategies for the firm's products and services

    • B. 

      TV commercials, sales promotions and research

    • C. 

      Sales staff development, Advertising and Market research

  • 6. 
    Accountants provide managers with information needed to make decisions about the allocation of company resources.
    • A. 

      True

    • B. 

      False

    • C. 

      Partially true

  • 7. 
    Managerial Accountants are principally responsible for the construction of financial statements to help entities both inside and outside the organization to assess the financial strength of the company.
    • A. 

      True

    • B. 

      False

  • 8. 
    The marketing manager is responsible for overseeing the day-to-day business operations, which can encompass everything from ordering raw materials to scheduling workers to produce tangible goods.
    • A. 

      True

    • B. 

      False

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