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Management Sciences 5307 MCQs [All-Courses]

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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.

All Topics  5307

The relationship based on unrelated level of activity and past data of cost is measured with the help of __________?
A cost estimation
B price estimation
C unit estimation
D production estimation
Correct Answer: cost estimation
An implementation of planning decisions and evaluating performance is classified as ___________?
A control
B evaluation
C deciding
D performing
Correct Answer: control
The gross margin is divided by revenues to calculate the __________?
A income margin percentage
B Gross margin percentage
C cost margin percentage
D sales margin percentage
Correct Answer: Gross margin percentage
The cost function, in which cost does not change with any change in level of activity is a part of __________?
A step price functions
B step object functions
C step constant functions
D step cost functions
Correct Answer: step cost functions
In value chain analysis, the selling and promotion to prospective customers is classified as ___________?
A researching
B marketing
C acquaintance
D usefulness
Correct Answer: marketing
The gross margin is added into cost of sold goods to calculate the __________?
A revenues
B operating leverage
C contribution margin
D operating margin
Correct Answer: revenues
Industrial engineering method is used to analyze the relationship between ___________?
A marketing and financing
B price and costs
C input and output
D units and batches
Correct Answer: input and output
The human resource management, IT management and management accountants are categorized under ______________?
A marketing management
B production management
C staff management
D line management
Correct Answer: staff management
The amount of money by which the total revenues exceed the breakeven revenues is classified as _________?
A margin of safety
B margin of profit
C margin of loss
D margin of income
Correct Answer: margin of safety
The percentage of variation in the ‘Y’ explained by the ‘X’ is measured by ___________?
A coefficient of residual
B coefficient of prediction
C coefficient of determination
D coefficient of index
Correct Answer: coefficient of determination
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