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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

An officer responsible for financial operations of organization is considered as ___________?
A chief financial officer
B chief manager
C chief line function
D chief staff function
Correct Answer: chief financial officer
If the budgeted input price is $80 and the price variance is $40, then an actual price will be ___________?
A $20
B $120
C $40
D $60
Correct Answer: $120
The component of total cost, which never changes with change in level of production is classified as _________?
A fixed cost
B constant
C variable
D both a and b
Correct Answer: fixed cost
The decisions regarding usage of material, kind and changes in plant processing are a part of ____________?
A past management
B future management
C help management
D cost management
Correct Answer: cost management
If the static budget variance is $46000 and the static budget amount is $15000, then an actual result would be ___________?
A $80,000
B $71,000
C $61,000
D $31,000
Correct Answer: $31,000
In the regression equation Y = $6000 + (per unit cost ‘x’ number of units), the ‘$6000’ is a __________?
A constant
B variable
C expression
D base and exponent
Correct Answer: constant
The flow of goods and services, from the start of gathering materials until the delivery of products, is known as __________?
A flow chart analysis
B supply chain analysis
C resource chain analysis
D acquiring analysis
Correct Answer: supply chain analysis
The price variance for direct manufacturing labor is referred as ___________?
A direct variance
B rate variance
C labor variance
D manufacturing variance
Correct Answer: rate variance
The description in mathematical form to represent changes in cost, with level of activity related to that cost is classified as ____________?
A cost function
B revenue function
C unit function
D relative function
Correct Answer: cost function
Examining of past performance, exploring alternative and planning future is __________?
A learning
B alternating
C examining
D deciding
Correct Answer: learning
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