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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 result is $250000 and the static budget amount is $150000, then the static budget variance for operating income will be ____________?
A $400,000
B $500,000
C $100,000
D $600,000
Correct Answer: $100,000
The individual activities such as machine setups, material handling, customer service and distribution of products are a part of ___________?
A activity based costing
B margin based costing
C goodness of costing
D handling based costing
Correct Answer: activity based costing
The time that a company takes to create and produce a new product is classified as _________?
A management factor
B time factor
C customer factor
D chain factor
Correct Answer: time factor
If an actual result is $50000 and the static budget variance is $25000, then the static budget amount will be ____________?
A $75,000
B $25,000
C $35,000
D $45,000
Correct Answer: $25,000
A problem which arises because of the presence of systematic pattern in residual value sequence is considered as ___________?
A parallel correlation
B serial correlation
C auto correlation
D both B and C
Correct Answer: both B and C
In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as _____________?
A resourcing
B value acquiring
C production
D value acquaintance
Correct Answer: production
The difference between an actual budget and the corresponding amount in static budget is classified as ___________?
A correspondent budget
B full budget variance
C methodology variance
D static budget variance
Correct Answer: static budget variance
The standard error of regression analysis is known as ____________?
A average of coefficient
B variance of residual
C mean of residual
D average of residual
Correct Answer: variance of residual
An accounting which records and measures the business transactions and is followed by generally accepted accounting principles is classified as ____________?
A external accounting
B internal accounting
C business accounting
D financial accounting
Correct Answer: financial accounting
An efficiency variance is subtracted from actual input quantity to calculate ___________?
A actual quantity manufactured
B budgeted quantity manufactures
C budgeted quantity sold
D budgeted input quantity
Correct Answer: budgeted input quantity
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