Business funtions

Which of the following is NOT a business function?

• Operations management

• Financial management

• Product management

• Information management

Financial management is the business function of acquiring, using and managing funds.

• YES

• NO

Equity financing means obtaining funds from outsiders e.g. from banks

• YES

• NO

Which of the followings is NOT the task of financial manager?

• Develop financial plans

• Obtain funds

• Monitor financial plans

• Forecast customer demand

Operations management only ensures that goods and services are produced efficiently.

• Yes

• No

Generally, tasks of operations management do NOT include

• Minimising the production cost

• Forecasting customer demand

• Designing a facility layout

• Quality assurance