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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

If an actual price of material is $700 and the budgeted price is $900, then the ___________?
A cost variance is favorable
B cost variance is unfavorable
C price variance is favorable
D price variance is unfavorable
Correct Answer: price variance is favorable
The model, in which the produced unit doubles every time as the cumulative average time per unit decreases, by a constant percentage can be classified as ___________?
A cumulative average time learning model
B cumulative mean learning model
C cumulative weighted learning model
D cumulative average pricing model
Correct Answer: cumulative average time learning model
Marketing, production and management of distribution comes under the category of ___________?
A staff management
B line management
C marketing management
D production management
Correct Answer: line management
If the actual result is $65000 and the static budget variance is $35000, then the static budget amount will be _____________?
A $30,000
B $100,000
C $200,000
D $30,000
Correct Answer: $30,000
If the slope coefficient is 0.60 and the difference in machine hours is $50000, then difference in cost can be __________?
A $68,700
B $58,700
C $30,000
D $83,333.34
Correct Answer: $30,000
The cash management, investments, long and short term financing are included in ___________?
A proprietorship
B functional line
C treasury
D controllership
Correct Answer: treasury
An expected performance of the company is also known as ____________?
A price requirements
B supply requirements
C budgeted performance
D demand requirements
Correct Answer: budgeted performance
The fifth step in quantitative analysis of estimating cost function is to ___________?
A estimate cost function
B estimate price function
C estimate supply function
D estimate demand function
Correct Answer: estimate cost function
The experimentation and generation of ideas related to new product or services are included in ____________?
A addressing management
B research and development
C value development
D service provider
Correct Answer: research and development
If the actual payment to labor is $1200 and the budgeted rate is $1000, then the labor price variance would be __________?
A less than zero
B equal to zero
C favorable
D unfavorable
Correct Answer: favorable
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