Financial Management Quiz

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Questions and Answers

What is the main focus of Budget Control and Cost Management?

  • Maximizing the financial transactions taking place
  • Minimizing the cost involved by adopting cost-efficient techniques (correct)
  • Focusing on increasing the company's revenue
  • Allocating unlimited budget for product accomplishment

What is the primary goal of Team Building as a management theory?

  • Creating competition among team members
  • Maximizing individual performance at any cost
  • Focusing solely on achieving individual goals
  • Promoting a sense of unity and harmony among team members (correct)

What is the objective of Healthy Financial Situation management strategy?

  • Encouraging unnecessary spending to boost the economy
  • Maximizing expenses regardless of the budget
  • Ignoring the financial situation of the company
  • Maintaining all expenses within the decided budget (correct)

What does Budget Control and Cost Management ensure regarding activities?

<p>All activities are within the limits of pre-allocated budget (D)</p> Signup and view all the answers

What does Team Building aim to achieve in terms of relationships among team members?

<p>Developing better relationships among team members and loyalty towards company (B)</p> Signup and view all the answers

What is the primary focus of Administrative Management in terms of financial affairs?

<p>Maintaining expenses within the decided budget (D)</p> Signup and view all the answers

How does Administrative Management contribute to higher productivity?

<p>Matching team members with tasks based on their capabilities (B)</p> Signup and view all the answers

What is the role of Administrative Management in goal accomplishment?

<p>Assisting in accomplishing the primary goals of the company (C)</p> Signup and view all the answers

What does Administrative Management aim to prevent in terms of finances?

<p>Wastage of money (C)</p> Signup and view all the answers

How does Administrative Management ensure efficient use of resources?

<p>Coordinating resources for maximum output (C)</p> Signup and view all the answers

What is the primary focus of Administrative Management?

<p>Deriving maximum output from resources (D)</p> Signup and view all the answers

How does Administrative Management contribute to higher productivity?

<p>By matching team members with tasks as per their capabilities (B)</p> Signup and view all the answers

What is the role of Administrative Management in managing financial affairs?

<p>Ensuring no wastage of money (C)</p> Signup and view all the answers

What does Administrative Management aim to prevent in terms of finances?

<p>Wastage of money (A)</p> Signup and view all the answers

What is the primary goal of Administrative Management as a management theory?

<p>Accomplishing the primary goals of the company (B)</p> Signup and view all the answers

What is the primary focus of Administrative Management in terms of financial affairs?

<p>Maintaining all expenses within the decided budget (C)</p> Signup and view all the answers

How does Administrative Management contribute to higher productivity?

<p>Matching team members with tasks according to their capabilities (C)</p> Signup and view all the answers

What does Budget Control and Cost Management ensure regarding activities?

<p>Ensuring all activities are within the budget (D)</p> Signup and view all the answers

What is the role of Administrative Management in goal accomplishment?

<p>Assisting in accomplishing the primary goals of the company (B)</p> Signup and view all the answers

What is the primary goal of Team Building as a management theory?

<p>Attaining better coordination of all resources for maximum output (D)</p> Signup and view all the answers

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