Quiz regarding H.R, Finance, Marketing

• QUIZ REGARDING H.R, FINANCE, MARKETING.

• interlocking functions of creating corporate
policy and organizing, planning, controlling,
and directing an organization's resources in
order to achieve the objectives of that policy.

• It is the process of thinking about and
organizing the activities required to achieve a
desired goal.

• ‘identifying and grouping different activities in
the organization and bringing together the
physical and financial and human resources to
establish the most productive relations for the
achievement of organizational goals’

• The selection and training of individuals for
specific job functions, and charging them with
the associated responsibilities.

• process of ensuring the actual activities
confined to planned activity

• It is said to be a process in which the
managers instruct, guide and oversee the
performance of the workers to achieve
predetermined goals.

• HR means providing manpower to the
company and motivate them to work for the
organisation goals

• Job design is the allocation of specific work
tasks to individuals and groups

• Job analysis may be understood as a process
of collecting information about a job.

• A job description is a list that a person might
use for general tasks, or functions, and
responsibilities of a position.

• What is meant by job specification?

• A statement of employee characteristics and
qualifications required for satisfactory
performance of defined duties

• What is Human resource planning?

• It is a process that identifies current and
future human resources needs for an
organization to achieve its goals

• It is the process that includes analyzing the
requirements of a job, attracting employees to
that job, screening and selecting applicants,
hiring, and integrating the new employee to
the organization.

• What is meant by selection?

• The process of interviewing and evaluating
candidates for a specific job and selecting an
individual for employment based on certain
criteria

• It is assignment or re-assignment of an
employee to a new or different job.

• What is meant by Induction?

• It helps employees to undergo each and every
phase of environment of Company and an
introduction to his team and others.

• What is human resource development?

• It includes training an individual after he/she
is first hired, providing opportunities to learn
new skills, distributing resources that are
beneficial for the employee's tasks, and any
other developmental activities.

• What is performance appraisal?

• also called annual reviews, evaluate an
employee's skills, achievements and growth,
or lack there of.

• Training is the act of increasing the knowledge
and skill of an employee for doing a particular
job.

• What is internal mobility?

• It is a dynamic internal process for moving
talent from role to role – at the leadership,
professional and operational levels.

• Absenteeism means being absent from work.
Employees may take a leave or not report to
work for a variety of reasons.

• Reward for employment in the form of pay,
salary, or wage, including allowances,
benefits.

• Fringe benefits are forms of compensation you
provide to employees outside of a stated wage
or salary

• What is meant by empowerment?

• A management practice of sharing
information, rewards, and power with
employees

• It is the inner drive that directs a person's
behaviour toward goals

• What is meant by Leadership?

• Leadership is the process through which
leaders exert such influence on other group of
members.

• Transforming of data by using verbal or non
verbal actions.

• Mention any two leadership styles?

• Autocratic
• Democratic
• Liassez-faire

• It is an informal channel of business
communication.

• It is defined as a dispute between the
employee and the employer

• It is an organisation made up of members,
with its membership made up of employees
and workers

• What is industrial conflict?

• It refers to differences that affect groups of
workmen and employers engaged in an
industry.

• What is collective bargaining?

• It is a source of solving the problems of
employees in the work situation collectively

• Employee Retention is a process in which the
employees are encouraged to remain with the
organization for the maximum period of time
or until the completion of the project.

• What is meant by HR Matrics?

• They are standards of measurement by which
HR performance is assessed.

• What is competency mapping?

• It is a process to identify key competencies for
an organization or a job and incorporating
those competencies throughout the various
processes

• What is HR Balanced Scorecard?

• It is a strategic planning and management
system which takes into account non-financial
aspects of corporate performance

• What is meant by dual career group?

• It can be defined as a marital couple where
both partners are working professionals.

• What is Knowledge management regarding
HR?

• It is the systematic approach to getting an
organization to make the best possible use of
intellectual capital

• The process of a corporation reorganizing or
restructuring their business

• What is emotional intelligence?

• It is the ability to evaluate, analyse, control
manage the emotions of yourself and others

• What is talent management?

• It means managing the ability, competency
and power of employees within an
organization.

• What is work life management?

• It is defined as a means of flexible working or
flexible leave available to employees.

• What is whistle blowing policy?

• It is defined as a policy in which an employee
of who reports an activity that he/she
considers to be illegal or dishonest to one or
more of the parties specified in this Policy

• What is employee turnover?

• It is a measurement of how long your
employees stay with your company and how
often you have to replace them

• What is organisational communication?

• It is the process by which activities of a society
are collected and coordinated to reach the
goals of both individuals and the collective
group.

• It is a group of individuals with similar interest
who gather either formally or informally to
bring up ideas, solve problems or give
comments

• What is a organisational change?

• Company or organization going through a
transformation.

• What is interpersonal communication?

• It is an exchange of information between two
or more people

• What is meant by interview?

• A somewhat formal discussion between a
hirer and an applicant or candidate, typically
in person, in which information is exchanged,
with the intention of establishing the
applicant’s suitability for a position.

• A type of screening meeting for job applicants
involving the participation of a group of two
or more people from the hiring company

• A situation in which a worker is employed, but
not in the desired capacity, whether in terms
of compensation, hours, or level of skill and
experience. While not technically
unemployed, the underemployed are often
competing for available jobs.

• What is contingency approach?

• The contingency approach to management
holds that management techniques should be
dependent upon the circumstances.

• What is meant by centralisation?

• The concentration of management and
decision-making power at the top of an
organization's hierarchy.

• What is meant by conference?

• A formal meeting of people with a shared
interest, typically one that takes place over
several days.

• A measurement of the number of job
applicants that start but do not finish
completing a job application on a company’s
ATS (applicant tracking system).

• What is meant by Pre-employment Screening?

• Testing to ensure that employers are hiring
qualified and honest employees and that a
prospective employee is capable of
performing the functions required by the job.

• Benefit is a form of compensation paid by
employers to employees over and above the
amount of pay specified as a base salary or
hourly rate of pay.

• The process whereby an employee charts a
course within an organization for his or her
career path, growth and development.

• It is a systematic process of identifying,
recording, measuring, classifying, verifying,
summarizing, interpreting and communicating
financial information

• A quantitative summary of a company's
financial condition at a specific point in time,
including assets, liabilities and net worth

• Any item of economic value owned by an
individual or corporation, especially that
which could be converted to cash

• An obligation that legally binds a company to
settle a debt. When one is liable for a debt,
they are responsible for paying the debt

• What is Shareholders' Equity?

• An ownership interest in a corporation in the
form of common stock or preferred stock.

• An accounting of sales, expenses, and net
profit for a given period. an income statement
depicts what happened over a month, quarter,
or year.

• The total amount of money received by the
company for goods sold or services provided
during a certain time period

• Any cost of doing business resulting from
revenue-generating activities.

• What is a Cash Flow Statement?

• A summary of the actual or anticipated
incomings and outgoings of cash in a firm over
an accounting period (month, quarter, year).

• A physical check performed by an auditor or
tax official on a business' financial records to
check that everything is accounted for
correctly

• Money owed to you that is unlikely to be paid
to you in the foreseeable future.

• What is Bank reconciliation?

• A cross-check that ensures the amounts
recorded in the cashbook match the relevant
bank statements.

• The process of comparing your business to
similar businesses in your industry.

• The exact point when a business' income
equals a business' expenses.

• A one-off substantial purchase of physical
items such as plant, equipment, building or
land

• It includes all money that is available on
demand including bank notes and coins, petty
cash, certain cheques, and money in savings
or debit accounts.

• A daily record of all cash, credit or cheque
transactions received or paid out by a
business

• What is Cost of goods sold?

• The total direct costs of producing a good or
delivering a service

• It is a way of financing your business idea
through donations of money from the public.
This is usually done online, through a crowd
funding website

• In double-entry bookkeeping a debit is an
entry made on the left hand side of a journal
or ledger representing an asset or expense.

• The value of ownership interest in the
business, calculated by deducting liabilities
from assets. See also owner's equity

• An indirect tax levied on certain types of
goods produced or manufactured in Australia
including petrol, alcohol, tobacco and coal

• The money used to fund a business or high
value purchase

• What is Fixed interest rate?

• When the interest rate of a loan remains the
same for the term of the loan or an agreed
timeframe.

• An intangible asset that represents the value
of a business' reputation.

• The total money earned by a business before
expenses are deducted

• The difference between sales and the direct
cost of making the sales

• A business or company is insolvent when they
cannot pay their debts as and when they fall
due

• The cost of borrowing money on a loan or
earned on an interest-bearing account.

• An itemised list of goods or materials a
business is holding for sale

• An asset purchased for the purpose of earning
money such as shares or property.

• a document provided to a customer to request
payment for a good/service received. See our
Payments and invoicing topic

• To quickly sell all the assets of a company
quickly and convert them into cash.

• A finance agreement where a business
borrows money from a lender and pays it back
in instalments (plus interest) within a specified
period of time

• The difference between the selling price of a
good or service and the profit

• When a loan's term ends and all outstanding
principal and interest payments are due.

• The total money earned by a business after
tax and other deductions are taken out

• What is Overdraft facility?

• A finance arrangement where a lender allows
a business to withdraw more than the balance
of an account.

• The fixed costs associated with operating a
business such as rent, marketing, utilities and
administrative costs

• Cash for the purposes of small miscellaneous
purchases such as postage.

• The total revenue a business earns minus the
total expenses.

• A document provided to a customer to
confirm payment and to confirm a
good/service has been received.

• The process of keeping or recording
information that explain certain business
transactions. Record keeping is a requirement
under tax law

• What is Return on investment?

• A calculation that works out how efficient a
business is at generating profit from the
original equity provided by the
owners/shareholders

• The amount earned before expenses, tax and
other deductions are taken out

• A deliberate and targeted deception designed
to obtain money or information unlawfully

• The actual goods or materials a business
currently has on hand.

• An invoice required for the supply of goods or
services over a certain price.

• What is Variable interest rate?

• When the interest rate of a loan changes with
market conditions for the duration of the loan.

• A cost that changes depending on the number
of goods produced or the demand for the
products/service.

• Capital invested in a start-up business that is
thought to have excellent growth prospects
but does not have access to capital markets
because it is a private company.

• The cash available to a business for day to day
expenses.

• Money set aside for retirement, that must be
paid into a complying superannuation fund.

• What is Plant and equipment?

• A group of fixed assets used in the operation
of a business such as furniture, machinery, fit-
out, vehicles, computers and tools.

• Present finance minister of NAVYA ANDHRA is

• Present finance minister of Telangana is

• Present finance minister of Tamil Nadu

• Present finance minister of Karnataka

• Present finance minister of Jammu and
Kashmir

• Present finance minister of India

• The management process through which
goods and services move from concept to the
customer

• The marketing mix refers to the set of actions,
or tactics, that a company uses to promote its
brand or product in the market

• The process of defining and subdividing a
large homogenous market into clearly
identifiable segments having similar needs,
wants, or demand characteristics

• A marketing strategy that aims to make a
brand occupy a distinct position, relative to
competing brands, in the mind of the
customer

• The activity or profession of producing
information for promoting the sale of
commercial products or services.

• Face-to-face selling in which a seller attempts
to persuade a buyer to make a purchase.

• Rural marketing is a process of developing,
pricing, promoting, and distributing rural
specific goods and services leading to desired
exchange with rural customers to satisfy their
needs and wants, and also to achieve
organizational objectives.

• What is audience Tracking?

• Media market research technique to monitor
and learn how customers access and use
media

• What is Below Competition Pricing?

• A competitive pricing method in which initial
price is set at levels intended to be below
competitors’ prices.

• A process for setting the initial price for a
product, mainly found in government and
business markets where multiple sellers
compete for a large purchase.

• A group discussion market research technique
that encourages creative thinking and group
interaction to help stimulate idea generation.

• Contractual arrangement whereby a marketer
owning a brand name negotiates with other
companies to allow these companies to
produce and supply products carrying the
marketer's brand name.

• What is meant by Brand Loyal (also Brand
Loyalty)?

• Description given to customers who
frequently and enthusiastically purchase a
particular brand and are less likely to be
enticed to switch to other brands compared to
non-loyal customers.

• Represents a branding decision in which a
design element, such as a symbol, logo,
character or sound, is used to provide visual
or auditory recognition for a product.

• It represents a branding decision in which an
individual product is named or a name is
applied to a group or family of products.

• Branding involves marketing decisions that
have the objective of establishing an identity
for a product using brand names, symbols

• What is Breakeven Analysis?

• A forecasting tool used by marketers that
considers product price, fixed cost and
variable costs in order to determine the
minimum sales volume required before a
company realizes a profit.

• A form of promotional price adjustment that
offers discounted pricing when customers
purchase several products at the same time

• What is Cash-and-Carry process?

• Wholesale format represented by distributors
that require buyers visit the wholesaler’s
facility, physically select their order, pay in
cash, and then handle their own delivery

• Refers to disagreements that arise within a
channel when a channel member’s decisions
affect (often negatively) the business
operations of other members.

• A method for contacting sales prospects
where a salesperson makes an unannounced
first contact with the prospect with the
intention of either scheduling a future
appointment or giving a sales presentation
during this first contact period.

• What is Consumable Product?

• The main good, service or idea the customer is
buying when a purchase is made

• A form of sales promotion, mainly used in the
consumer market, that awards something of
value to winners based on skills they
demonstrate compared to other consumers.

• A form of sales promotion, mainly used in the
consumer market and primarily offered in
either in print or electronic form, that
provides price savings or other incentives
when presented at the time of purchase

• A person or organization that a marketer
believes will benefit from the products offered
by the marketer’s organization and includes
Existing Customers, Former Customers and
Potential Customers.

• Concerns statistics that describe a population
such as age, education level, income, etc., and
in marketing is used as a market segmentation
variable.

• What is the Development Stage of PLC?

• Stage within the Product Life Cycle which
occurs before a product is introduced to the
market and is principally a time for honing the
product offering and preparing the market for
the product.

• What is Direct Marketing Systems?

• A direct distribution system where customers
place orders either through information
gained from non-personal contact with the
marketer or through personal communication
with a company representative who is not a
salesperson

• A form of promotional price adjustment
where adjustments take place at the point-of-
sale for customers meeting certain criteria
established by the seller

• Retail format represented by retailers that
confine most of their selling through Internet
websites thus providing customers with the
convenience of anytime shopping.

• What are Emergency Products?

• A category of consumer products which
customer purchase due to sudden events and
which often involve little pre-purchase
planning.

• Who is an Existing Customer?

• Those who have purchased or otherwise used
an organization’s goods or services, typically
within a designated period of time

• A branding strategy in which products are
given brand names that are closely connected
or share the same overall name as an existing
brand.

• Retail format represented by a contractual
arrangement in which franchisees agree to
pay for the right to use a franchisor’s business
methods and other business aspects such as
the franchise name.

• What are Functional Benefits?

• Benefits customers receive that are directly
associated with the materials, design and
production decisions of the consumable
product such as ease-of-use, increased speed
and cost savings.

• What is Generic Branding ?

• A branding strategy, common to commodity
products, that essentially creates a brandless
product offering basic product features and
low price.

• In marketing this represents a type of product
that consists of tangible items (i.e., can be felt,
tasted, heard, smelled or seen) that marketers
offer to satisfy the needs of their customers.

• Assurance offered by a marketer that the
product will perform up to expectations or the
marketer will support the customer’s decision
to replace, have the product repaired or
accept a return for a refund

• What is Growth Stage of PLC?

• Stage within the Product Life Cycle which
occurs when a product is widely accepted and
often reaches rapid growth characterized by a
large percentage sales increase over previous
periods

• What is Industrial Distributor?

• Wholesale format represented by distributors,
carrying either broad or narrow product lines,
that primarily distribute to business customers
rather than selling to other resellers

• Anything new that offers solutions to needs by
providing a significant advantage over existing
products, services or methods.

• A customer contact point consisting of
standalone, interactive computers offering
customers the ability to handle their own
service options including gaining product
information, making purchases, and reviewing
customer account details.

• A form of sales promotion, used in both
consumer and business markets, that offers
customers rewards, such as price discounts
and free products, based on purchase
frequency or other activity.

• A smaller part of a larger market consisting of
customers grouped (i.e., segmented) by
characteristic shared by others in their group.

• Retail format represented by general or
specialty merchandisers whose main strategy
is to offer discount pricing and whose outlets
offer few services and generally lower quality
product than is available at higher-end
retailers.

• A target marketing strategy that attempts to
appeal to specific targeted customers with
individualized marketing programs.

• What is Motivation (in marketing
prospective)?

• A component of the internal influences on
consumer buying behaviour that represents
the strength of a persons desire to achieve a
certain outcome.

• A target marketing strategy that uses a single
marketing strategy to appeal to one or more
small sub-segments within a larger market
segment.

• Who are Non-Store Retailers?

• Retailers selling to customers through means
other than a physical outlet including online,
direct marketing and vending

• A type of psychological pricing where price is
set based on customers’ perception of a
significant difference in cost between
products priced at a whole number value and
products priced slightly below this whole
number.

• A competitive pricing method in which initial
price is set at levels that are the same as
competitors’ prices.

• What is Perception (in marketing
prospective)?

• The internal processing of stimuli (e.g.,
advertisements) that shapes how a person
sees themselves and the world they live in.

• Who are Peripheral Stakeholders?

• Represent groups, such religious
organizations, community activists, and cause
supporters, that are part of a marketing
organization’s external forces but that may not
routinely impact the marketer unless specific
issues arise.

• Key component of the marketer’s toolkit that
represents decisions on the methods and
strategies needed to determine what a
customer will give up in exchange for
obtaining value from a marketer’s product.

• What is Private Warehouse?

• A type of warehouse owned and operated by
channel suppliers or resellers and used as part
of their distribution activities.

• Key component of the marketer’s toolkit that
represents decisions on the methods (e.g.,
advertising, personal selling, public relations)
and strategies needed to communicate with a
target market.

• What is Psychological Pricing?

• A market pricing method that used to set a
product’s initial price by considering
customers’ perceived response to a price and
includes Odd-Even Pricing and Prestige
Pricing.

• Found within the Group Membership
component of the external influences on
consumer buying behaviour, this concept
represents people and organizations which a
person simultaneously associates or, in some
cases, feels the need to disassociate

• A business classification that includes resellers
who, in general, obtain products from
suppliers in order to sell to the final consumer.

Quiz regarding H.R, Finance, Marketing

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