Tag: elements of business

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Questions Related to elements of business

Multiple choice elements of business purchasing and stores definition and functions of purchasing and storage department product life cycle e-marketing

_________ is the operation of continuously arranging receipts and issues in such a way so as to ensure that stock balances in quantity and/or value.

  1. Inventory control

  2. Production control

  3. Demand forecast

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Inventory control is the systematic process of managing stock levels, receipts, and issues to ensure accurate quantity and value balances. It is essential for maintaining operational efficiency and financial accuracy.

Multiple choice elements of business purchasing and stores definition and functions of purchasing and storage department product life cycle e-marketing

The terms purchasing and procurement should not be seen as synonymous. As such, which of the following statements do you think has greatest validity?

  1. Procurement is broadly equivalent to purchasing

  2. Purchasing has a broader meaning than procurement

  3. Procurement has a broader meaning than purchasing

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Procurement is a broader strategic function that includes purchasing, but also encompasses sourcing, supplier relationship management, and logistics. Purchasing is generally limited to the transactional act of buying goods or services.

Multiple choice elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

Which function is performed by the Telex?

  1. Text

  2. Messages

  3. Quotes

  4. Videos
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation
Telex is defined as an international system used especially in the past for sending written messages. Messages are converted into signals which are transmitted, either by electricity or by radio signals, and then printed out by a machine in another place.
Telex sends a typed message. It allows only exchange of texts.
Multiple choice elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

Fax can be sent through which of the following?

  1. A computer

  2. Both facsimile machine and computer

  3. Facsimile machine

  4. TV
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A fax(short for facsimile and sometimes called tele-copying) is the telephonic transmission of scanned-in printed material(text or images), usually to a telephone number associated with a printer or other output device. The original document is scanned with a fax machine, which treats the contents(text or images) as a single fixed graphic image, converting it into a bitmap. In this digital form, the information is transmitted as electrical signals through the telephone system. Faxes can also be sent and received through computers.

Multiple choice elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

Social media adds business value by building networks that enhance competitive edge, enable the exchange of information, and foster strong relationships.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Social media adds business value by building networks that enhance competitive edge, enable the exchange of information, and foster strong relationships- this is a true statement. Social media can be defined as a platform where any information or idea can be transmitted via virtual network.

Multiple choice elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

Social media takes on different forms including __________.

  1. Internet forums

  2. Microblogging

  3. Podcasts

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Social media takes on different forms including internet forums, micro-blogging, podcasts, etc. Social media adds business value by building networks that enhance competitive edge, enable the exchange of information, and foster strong relationships. Social media can be defined as a platform where any information or idea can be transmitted via virtual network.

Multiple choice elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

One most important advantage of using social media is the online sharing of knowledge and information among the different groups of people.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

One most important advantage of using social media is the online sharing of knowledge and information among the different group of people- this is a true statement. Social media takes on different forms including internet forums, micro-blogging, podcasts, etc. Social media adds business value by building networks that enhance competitive edge, enable the exchange of information, and foster strong relationships. Social media can be defined as a platform where any information or idea can be transmitted via virtual network.

Multiple choice elements of business recent trends of business e-commerce and mobile commerce introduction to internet and e-commerce emerging modes of services

Most of the media are ___________.

  1. Direct in nature

  2. Indirect in nature

  3. Both (A) and (B)

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Most media, in the context of communication studies, are considered indirect because they require a channel or medium to bridge the gap between the sender and the receiver, rather than face-to-face interaction.