Tag: elements of business

Questions Related to elements of business

_________ 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.

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

  1. Inventory control

  2. Production control

  3. Demand forecast

  4. None of the above

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Correct Option: A

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

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

  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

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Correct Option: C

Which function is performed by the Telex?

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

  1. Text

  2. Messages

  3. Quotes

  4. Videos

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Correct Option: A
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.

Fax can be sent through which of the following?

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

  1. A computer

  2. Both facsimile machine and computer

  3. Facsimile machine

  4. TV

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Correct Option: B
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.

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

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

  1. True

  2. False

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Correct Option: A
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.

Social media takes on different forms including __________.

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

  1. Internet forums

  2. Microblogging

  3. Podcasts

  4. All of the above

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Correct Option: D
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.

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

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

  1. True

  2. False

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Correct Option: A
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.

Most of the media are ___________.

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

  1. Direct in nature

  2. Indirect in nature

  3. Both (A) and (B)

  4. None of these

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Correct Option: B

For a press writing all below mentioned is to be done except.

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

  1. Determine your purpose

  2. Consider your reader

  3. Choose your idea

  4. Proof reading

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Correct Option: D

Letters of invitation include.

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

  1. Speaking invitation

  2. Formal social invitation

  3. Both a & b

  4. None of the above

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Correct Option: C