Management, Finance, And Logistics Quiz

10 Questions | By Theunion | Updated: Mar 22, 2022 | Attempts: 855

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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.