Functions of Management MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Functions of Management, a fundamental topic in the field of IC90 Human Resource Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Functions of Management MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Functions of Management mcq questions that explore various aspects of Functions of Management problems. Each MCQ is crafted to challenge your understanding of Functions of Management principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC90 Human Resource Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Functions of Management MCQs are your pathway to success in mastering this essential IC90 Human Resource Management topic.

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Functions of Management MCQs | Page 5 of 19

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Q41.
Are programmes repetitive actions?

a.

Yes

b.

No

c.

It depends on the programme.

d.

None of the above.

Discuss
Answer: (b).No Explanation:Programmes are one-time actions, not repetitive.
Q42.
What is a budget?

a.

A plan stated in numerical terms

b.

A set of guidelines for employees

c.

A list of rules for financial management

d.

A schedule of activities to be performed

Discuss
Answer: (a).A plan stated in numerical terms Explanation:A budget is a plan stated in numerical terms that states the expectations with regard to incomes from various sources and the expectations of expenses on various heads.
Q43.
What are the types of budgets that may be indicated in financial terms?

a.

Numbers

b.

Ratios

c.

Capital outlays

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:A budget may refer to numbers (of actual cash) or ratios (of recoveries) or combinations of these. It may indicate capital outlays (creating assets) or it may indicate cash flows or it may show profitability of operations.
Q44.
What is the purpose of a budget?

a.

To lay down targets in detail for every operation

b.

To provide guidelines for employee behavior

c.

To establish rules for financial management

d.

To schedule activities to be performed

Discuss
Answer: (a).To lay down targets in detail for every operation Explanation:A budget is a fundamental planning instrument. It clarifies objectives, lays down targets in detail for every operation, and helps resource allocation.
Q45.
What is the importance of reviewing the budget?

a.

To compare actuals with expected ones

b.

To create a comprehensive document including all operations

c.

To allocate resources to departments

d.

To decide on employee salaries

Discuss
Answer: (a).To compare actuals with expected ones Explanation:A review of the budget (which means comparing actuals with expected ones) will give an overall view of how the plans are working in practice and also decide on whether the targets and / or the allocations need to be revised.
Q46.
How frequently are budgets usually prepared?

a.

Weekly

b.

Monthly

c.

Quarterly

d.

Annually

Discuss
Answer: (d).Annually Explanation:A budget is usually prepared for a financial year, but may also be split up into budgets for shorter periods to make frequent reviews possible.
Q47.
What is SWOT analysis?

a.

A planning tool that considers strengths, weaknesses, opportunities, and threats

b.

A financial statement analysis tool

c.

A marketing tool for new product development

d.

A performance evaluation tool

Discuss
Answer: (a).A planning tool that considers strengths, weaknesses, opportunities, and threats Explanation:SWOT analysis is a planning tool that takes into account the strengths, weaknesses, opportunities, and threats of an organization.
Q48.
What are S and W in SWOT analysis?

a.

Internal factors that include management styles, policies, morale, etc.

b.

External factors that include political, regulatory, technical, etc.

c.

Opportunities to be taken advantage of

d.

Threats or risks that need to be guarded against

Discuss
Answer: (a).Internal factors that include management styles, policies, morale, etc. Explanation:S and W in SWOT analysis stand for strengths and weaknesses, which are internal factors that include management styles, policies, morale, decision processes, research capability, trade unions, etc.
Q49.
What are O and T in SWOT analysis?

a.

Internal factors that include management styles, policies, morale, etc.

b.

External factors that include political, regulatory, technical, etc.

c.

Opportunities to be taken advantage of

d.

Threats or risks that need to be guarded against

Discuss
Answer: (b).External factors that include political, regulatory, technical, etc. Explanation:O and T in SWOT analysis stand for opportunities and threats, which are external factors that include political, regulatory, technical, technological, competitive, financial, economic, demographic, social, etc. factors.
Q50.
What is the purpose of scanning the internal environment in SWOT analysis?

a.

To identify opportunities to be taken advantage of

b.

To identify threats or risks that need to be guarded against

c.

To clarify an organization's strengths and weaknesses

d.

To clarify changes in the external environment

Discuss
Answer: (c).To clarify an organization's strengths and weaknesses Explanation:Scanning the internal environment in SWOT analysis is done to identify an organization's strengths and weaknesses.
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