Business Functions Quiz

Which of the following is NOT a main business function?

• Marketing

• Finance

• Sales & Procurement

What is the primary difference between a silo approach and a cooperative approach in business?

• Silo focuses on teamwork, while cooperative focuses on individual tasks

• Silo focuses on department-specific goals, while cooperative encourages inter-departmental collaboration

• Silo focuses on profits, while cooperative focuses on reducing costs

Which of the following is part of the 7 Ps of Marketing?

• Product, Place, People

• Promotion, People, Procurement

• Price, Product, Profitability

What is the role of financial management in a business?

• To manage product delivery to customers

• To make decisions that affect the company's financial stability

• To oversee the marketing campaigns

Which of the following describes the marketing function according to Kotler and Armstrong (2017)?

• Managing human resources

• Identifying and satisfying customer needs profitably

• Planning and controlling the company's finances

Which of the following is a function of the finance and accounting department?

• Managing employee recruitment

• Managing working capital and investment decisions

• Developing marketing strategies

Which business function is primarily responsible for overseeing the production of goods or services?

• Human Resources

• Finance and Accounting

• Production and Operations

What does HRM (Human Resource Management) primarily focus on?

• Building a workforce and managing employee performance

• Managing customer relationships

Which of the following is a key responsibility of the production and operations department?

• Salary and rewards management

• Quality control and logistics

• Customer relationship management

Which department typically oversees recruitment and payroll?

• Finance

• Production

• Human Resources