TRUE OR FALSE

1. Activity ratios are also called Asset utilization ratios

2. The supply chain "pull model" is based on customers' orders?

3. Profit maximization is one of the important objectives of Financial management.

4. Supply chain management is a wider concept than marketing.

5. Debtor's turnover ratios are indicative of the efficiency of trade credit management.

6. Selection is the process of choosing qualified individuals who are available to fill the position.

7. Human Resource Management is the leadership and management of people within an organization using systems, methods, processes, and procedures that recruit, select, motivate, and enable employees to achieve outcomes individually and collectively that in turn enhance employees' positive contribution to the organization's goals.

8. Supply chain management is a wider concept than marketing.

9. Quick ratios are indicative of firm's liquidity.

10. A dividend decision is associated with decision to retain the profit earned or to distribute these profits to shareholders.

11. Test reliability and validity are two technical features of a test that indicates the quality and usefulness of the test.

MULTIPLE CHOICE QUESTIONS

1. The process of discovering the potential candidates

RECRUITMENT

SELECTION

HIRING

NONE OF THE ABOVE

2. The decision relates to the careful selection of assets in which funds will be invested by the firm.

INVESTMENT DECISION

FINANCE DECISION

DIVIDEND DECISION

ALL OF THE ABOVE

3. Which of the following is an example of Current Assets

PREPAID EXPENCES

UNCLAIMED DIVIDEND

PROPOSED DIVIDEND

BANK OVERDRAFT

4. All activities associated with the flow and transformation of goods from raw materials to the end users

PRODUCTION MANAGEMENT

OPERATIONS MANAGEMENT

SUPPLY CHAIN MANAGEMENT

RAW MATERIALS MANAGEMENT

5. The term Supply chain management refers to

DESIGNING A PRODUCT

DESIGNING, PRODUCING AND DELIVERING A PRODUCT

DESIGN AND DELIVER A PRODUCT

ENTIRE NETWORK OF COMPANIES THAT WORK TOGETHER TO DESIGN, PRODUCE, DELIVER, AND SERVICE PRODUCTS

6. An integral decision-making process, concerned with acquiring, managing and financing asset to accomplish overall goals within a business entity.

ACCOUNTING MANAGEMENT

FINANCIAL MANAGEMENT

INVESTMENT MANAGEMENT

NONE OF THE ABOVE

7. The decision relates to the careful selection assets in which funds will be invested by there firm.

INVESTMENT DECISION

FINANCE DECISION

DIVIDEND DECISION

ALL OF THE ABOVE

8. All activities associated with the flow and transformation of goods from raw materials to the end users.

PRODUCTION MANAGEMENT

OPERATIONS MANAGEMENT

SUPPLY CHAIN MANAGEMENT

RAW MATERIALS MANAGEMENT

9. Benefits of supply chain management include

INCREASED INVENTORY LEVELS THAN REQUIRED

MINIMIZE DELAYS

INCREASED UNCERTAINTY ALONG THE CHAIN

NONE OF THE ABOVE

10. The supply chain model based on the anticipated or forecasted demand

FORECASTED MODEL

PUSH MODEL

PULL MODEL

NONE

11. ---------- Incourages business investment

HIGHER INTEREST RATE

LOWER INTEREST RATE

INFLATION

DEFLATION

12. Who defines production as a process by which goods band services are created

ADAM SMITH

F W TAYLOR

EDWARD

BUFFA

HENRY FAYOL

MATCH THE FOLLOWING

LIQUIDITY RATIOS - long term solvency of a firm

LIQUIDITY RATIOS - current asset and current liabilities

PROFITABILITY RATIOS - efficiency ratios

ACTIVITY RATIOS - quick assets and quick liabilities

QUICK RATIOS - operating efficiency of the firm

FINANCIAL PERSPECTIVE - sales expenditure and income

CUSTOMER PERSPECTIVE - Service, quality, price and time

INTERNAL PROCESS PERSPECTIVE - Bottlenecks

LEARNING AND GROWTH PERSPECTIVE - Bad debt

NON CASH EXPENSES - job satisfaction, training and learning opportunities