Organizing Notes Questions with Answers PDF Download – Test 19

Staff departments are those departments that support the activities of the line departments. The major role of these departments is to provide assistance and counseling to the line departments. Staff department consists of

1. Accounting, Marketing, Human Resources, Public relations
2. Accounting, Sales, Advertising, Human Resources
3. Finance, Sales, Advertising, Human Resources
4. Manufacturing, Sales, Event planning, Accounting

Cash ratio is another tool for measuring the liquidity of the company. Current liabilities are compared against the

1. Cash readily available in possession
2. Cash in hand and cash at bank
3. Cash, Cash equivalents and the funds invested
4. Cash in bank and short term investments

Management process depends on how efficient and effective the manager is. An effective manager is suppose to

1. Identify the problems, analyze the situation, Propose the solution, monitor the progress, evaluate t
2. Identify the problem, discussion with the employees, monitor the progress, evaluate the problem
3. Identify the issue, Suggest treatment, postpone the project, discussion with employees
4. Identify the issue, evaluate the resources, increase efficiency, increase the salaries

Management can be defined as a way to achieve the distinct goal or objective of the organization using the four basic tools which are

1. Leading, Controlling, Implementing, Financing
2. Planning, Implementing, Leading, Controlling
3. Planning, Resourcing, Financing, Controlling
4. Planning, Leading, Organizing, Controlling

Cash paid when acquiring an asset would be an example of

1. Cash inflows
2. Asset cost
3. Cash outflows
4. Cash deposit