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Management Sciences 5307 MCQs [All-Courses]

Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

If the budgeted sales in unit is 50 and the breakeven sales in unit is 12, then the margin of safety in units will be __________?

A 62

B 38

C 48

D 58

Review Detailed Answer

Correct Answer: 38

The high-low method is used for estimation of ___________?

A linear coefficient

B cost coefficient

C slope coefficient

D price coefficient

Review Detailed Answer

Correct Answer: slope coefficient

The type of distribution, which consists of alternative outcomes and probabilities of events is classified as _____________?

A event table

B outcome table

C decision table

D probability table

Review Detailed Answer

Correct Answer: decision table

The slope coefficient is 0.75 and the difference in machine hours is $65000, then difference in cost would be ___________?

A $86,667

B $48,750

C $85,000

D $55,000

Review Detailed Answer

Correct Answer: $86,667

The contribution margin is $34000 and the operating income is $12000, then the degree of operating leverage will be __________?

A 4.84

B 2.84

C 3.84

D 5.84

Review Detailed Answer

Correct Answer: 2.84

The slope coefficient of cost function is zero because it intersects the __________?

A x-axis at one

B y-axis at constant

C x-axis at constant

D y-axis at one

Review Detailed Answer

Correct Answer: y-axis at constant

If the gross margin is $2000 and the revenue is $5000, then the cost of goods sold would be _________?

A −$8000

B $3,000

C −$3000

D $8,000

Review Detailed Answer

Correct Answer: $3,000

For estimation of each cost pool for cost function, the attention must be paid to __________?

A cost object hierarchy

B management hierarchy

C price hierarchy

D cost hierarchy

Review Detailed Answer

Correct Answer: cost hierarchy

The gross margin is added to the cost of sold goods to calculate: ____________?

A revenues

B selling price

C unit price

D bundle price

Review Detailed Answer

Correct Answer: revenues

In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through _______________?

A price index

B cost index

C profit index

D cost driver index

Review Detailed Answer

Correct Answer: price index

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the budgeted sales in unit is 50 and the breakeven sales in unit is 12, then the margin of safety in units will be __________?

The high-low method is used for estimation of ___________?

The type of distribution, which consists of alternative outcomes and probabilities of events is classified as _____________?

The slope coefficient is 0.75 and the difference in machine hours is $65000, then difference in cost would be ___________?

The contribution margin is $34000 and the operating income is $12000, then the degree of operating leverage will be __________?

The slope coefficient of cost function is zero because it intersects the __________?

If the gross margin is $2000 and the revenue is $5000, then the cost of goods sold would be _________?

For estimation of each cost pool for cost function, the attention must be paid to __________?

The gross margin is added to the cost of sold goods to calculate: ____________?

In the cause and effect relationship between cost level and cost driver, the inflationary price effects are removed by dividing cost through _______________?