Test: Finance & Management Basics

20 Questions | By Catherinehalcomb | Last updated: Mar 21, 2022 | Total Attempts: 159

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Test: Finance & Management Basics - Quiz

Do you know what is a balance sheet? What is marginal cost technique? Take or online quiz to see how much you already know and learn more along the way.

Questions and Answers

1.

360 degree method relates to
- A.
  
  Performance appraisal
- B.
  
  Organisation climate
- C.
  
  Employees morale
- D.
  
  Retrenchment method
2.

Mention the world body that is advising for COVID - 19.
- A.
  
  WHO
- B.
  
  IMF
- C.
  
  IFC
- D.
  
  WTO
3.

The balance sheet is only
- A.
  
  An account
- B.
  
  A summary
- C.
  
  A statement
- D.
  
  None of the above
4.

Who is officers of the Executive Board of WHO recently?
- A.
  
  Dr. Harsh Vardhan
- B.
  
  Dr. Suresh Vardhan
- C.
  
  Dr. Sharma Vardhan
- D.
  
  Dr. Vishnu Vardhan
5.

Human relations approach of management is associated with
- A.
  
  Abraham Maslow
- B.
  
  Peter F Drucker
- C.
  
  Elton Mayo
- D.
  
  Herzberg
6.

The term funds as used in funds flow statement means
- A.
  
  Cash
- B.
  
  Current assets
- C.
  
  Current assets minus current liabilities
- D.
  
  Current liabilities
7.

Which of the following is a non-current liability?
- A.
  
  Bills payable
- B.
  
  Sundry creditors
- C.
  
  Bank overdraft
- D.
  
  Long term loans
8.

FEMA means
- A.
  
  Free Export Management Act
- B.
  
  Foreign Exchange Management Act
- C.
  
  Foreign Exchange Monitoring Act
- D.
  
  Free Export Marketing Act
9.

Human resource management emphasise
- A.
  
  Development of people
- B.
  
  Punishment of people
- C.
  
  Adoption of people
- D.
  
  None of the above
10.

Which of the following is not a type of direct marketing?
- A.
  
  Direct mail marketing
- B.
  
  Retail marketing
- C.
  
  Telemarketing
- D.
  
  Email direct marketing
11.

Marginal costing technique is useful for ?
- A.
  
  Make or Buy decisions
- B.
  
  Profit planning
- C.
  
  Shut down decisions
- D.
  
  All of the above
12.

Who has given fourteen principles of management
- A.
  
  Barnard
- B.
  
  Henry Fayol
- C.
  
  F.W Taylor
- D.
  
  Flemming
13.

What is M.B.O?
- A.
  
  Management by Objective
- B.
  
  Multiple Business Organisation
- C.
  
  Management by Organisation
- D.
  
  Multiplicity of Business Operations
14.

Which one is related with micro financing?
- A.
  
  Self Help Group (SHG)
- B.
  
  Anganwadi workers
- C.
  
  Women entrepreneurs
- D.
  
  None of the above
15.

In marginal costing, contribution is equal to
- A.
  
  Sales - fixed cost
- B.
  
  Sales - variable cost
- C.
  
  Sales - profit
- D.
  
  Sales - variable cost + fixed cost
16.

Who is father of scientific management?
- A.
  
  Henry fayol
- B.
  
  Elton mayo
- C.
  
  Chester bernard
- D.
  
  F.W taylor
17.

Which of the following assets is usually assumed not to depreciate?
- A.
  
  Land
- B.
  
  Building
- C.
  
  Plant
- D.
  
  Furniture
18.

Which item is shown on the debit side of a trial balance?
- A.
  
  Purchase returns
- B.
  
  Rent outstanding
- C.
  
  Prepaid expenses
- D.
  
  None of the above
19.

A balance sheet shows only
- A.
  
  Personal accounts and nominal accounts
- B.
  
  Real account and nominal account
- C.
  
  Personal accounts and real accounts
- D.
  
  Personal, real and nominal accounts
20.

Which one do you like?
- A.
  
  Option 1
- B.
  
  Option 2
- C.
  
  Option 3
- D.
  
  Option 4