Business Administration

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Questions and Answers

Which term is synonymous with business administration?

  • Business management (correct)
  • Data analysis
  • Finance administration
  • Marketing studies

What does business administration encompass?

  • Product development
  • Customer service
  • Building maintenance
  • Human resources management (correct)

What does the term 'administration' refer to in the context of business?

  • Personnel management
  • Decision-making
  • Bureaucratic performance
  • Operational performance (correct)

What is the primary goal of business administration?

<p>Maximizing profits (B)</p> Signup and view all the answers

Which of the following is not a field covered by business administration?

<p>Building maintenance (D)</p> Signup and view all the answers

Which principles were developed to serve the core needs of internal management?

<p>Principle of Causality and Principle of Analogy (D)</p> Signup and view all the answers

What is another term often used for management accounting principles?

<p>Managerial costing principles (D)</p> Signup and view all the answers

What is the Managerial Costing Conceptual Framework (MCCF) designed to do?

<p>Incorporate management accounting principles, concepts, and constraints (B)</p> Signup and view all the answers

What do the principles of management accounting serve?

<p>The management accounting community and its customers (D)</p> Signup and view all the answers

What problem does the Managerial Costing Conceptual Framework (MCCF) aim to solve?

<p>Decades of confusion surrounding management accounting approaches (C)</p> Signup and view all the answers

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