Management, Finance, And Logistics Quiz

10 Questions | Total Attempts: 608

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Financial Management Quizzes & Trivia

This quiz is designed to test your proficiency in the topics of Management, Finance, and Logistics.


Questions and Answers
  • 1. 
    A manager's role is primarily confined to
    • A. 

      Plan, implement, coordinate, monitor and evaluate

    • B. 

      Envision and strategize

    • C. 

      Develop new systems and technology

    • D. 

      Maintain good relations with the outside world

  • 2. 
    In negotiating, the skills that are most important are
    • A. 

      Clarifying

    • B. 

      Reacting immediately to a proposal

    • C. 

      Creativity generating lots of options

    • D. 

      Giving counter proposals

  • 3. 
    A budget for Health Programs is made with a purpose to
    • A. 

      Reduce expenses and costs

    • B. 

      Improve coordination

    • C. 

      Plan resources

    • D. 

      Ensure financial compliances

  • 4. 
    Marginal cost can best be defined as
    • A. 

      The total cost of the output

    • B. 

      Incremental cost

    • C. 

      Additional cost of producing one more unit

    • D. 

      Margin kept by producer for profit

  • 5. 
    Performance of logistics management can be viewed in two contexts
    • A. 

      Trouble causing and reactive

    • B. 

      Trouble prevention and opportunity maximization

    • C. 

      Quality oriented and value driven

    • D. 

      Price sensitive and hard nosed negotiation

  • 6. 
    If we use the concept of quality in medical services
    • A. 

      It would ensure that we give the right treatments to the right patients the first time and every time

    • B. 

      It would fulfill all the requirements under the law

    • C. 

      It would give high morale to the doctors

    • D. 

      It would reduce the number of patients

  • 7. 
    Leadership focuses on
    • A. 

      Building relationships only

    • B. 

      Brainwashing people to do the task

    • C. 

      Maintaining status quo and stability

    • D. 

      Envisioning the future and enrolling people to that vision

  • 8. 
    The objective of good negotiation should be which one of the following outcomes?
    • A. 

      I win, you lose

    • B. 

      I lose, you win

    • C. 

      I win, you win

    • D. 

      I lose, you lose

  • 9. 
    Which statement is correct?
    • A. 

      A budget is an outcome of a strategic plan.

    • B. 

      A budget is a strategic plan.

    • C. 

      A budget is a statement of profit and loss.

    • D. 

      A budget is a political tool to satisfy funding agencies.

  • 10. 
    Health programs
    • A. 

      Do not require costing.

    • B. 

      Need proper classifications of costs.

    • C. 

      Need only broad estimations of costs.

    • D. 

      Need to be expense focused.