Management Functions and Business Operations Quiz

Management Functions

• Navnath was involved in planning and organizing management functions.
• Jagannath was responsible for staffing.
• Both Navnath and Jagannath were involved in planning function jointly.

Banking and Insurance

• Ms. Harshali maintained a current account.
• A modern way of money transfer is through RTGS (Real-Time Gross Settlement).
• She gets overdraft facility on her bank account.

Insurance

• Mr. Sadagopan can take life insurance policy for his two children.
• Child insurance is suitable for Mr. Sadagopan's wife.
• Mr. Sadagopan should take fire insurance policy to protect his factories from loss due to fire.

Banking and Finance

• Shirish must be operating a current account.
• Shirish will have to pay interest on the loan of Rs. 25 lacs.
• The bank made available the discounting bill facility to ease M/s. Creative Furnitures.

Consumer Rights

• The right represented is the Right to Information.
• If the product has a deficiency, the consumer can seek redressal in a consumer court.
• The act is the Consumer Protection Act.

Corporate Social Responsibility

• The provision of Section 135 is applicable in case of CSR activities.
• The company needs to spend 2% of its net profit on CSR activities.

Business and Commerce

• Fair practices on the stock exchange are regulated by SEBI.
• A commercial bank is a type of bank that provides basic banking services.
• Demand deposits are funds that can be withdrawn at any time.

Management Principles and Concepts

• The principle of unity of command states that an employee should receive orders from only one supervisor.
• Outsourcing is the practice of contracting with another company to perform a task.
• Controlling is a management function that involves monitoring and correcting deviations.
• Business services are services that support business operations.
• A principle of management is a fundamental truth that guides management practices.

And so on...