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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.

The type of accounting which reports to external parties of the organization is known as ____________?

A cost accounting

B decision accounting

C financial accounting

D management accounting

Review Detailed Answer

Correct Answer: financial accounting

The static budget amount is subtracted from the actual result to calculate ______________?

A static budget receipts

B static budget deviation

C static budget variance

D multiple budget variance

Review Detailed Answer

Correct Answer: static budget variance

The factor used to predict the dependent variable is named as ___________?

A independent variable

B function variable

C evaluation variable

D estimation variable

Review Detailed Answer

Correct Answer: independent variable

An approach in which the managers use the resources to increase customer value is classified as __________?

A help management

B cost management

C past management

D future management

Review Detailed Answer

Correct Answer: cost management

If the budgeted price of input is $70, actual quantity of input is 250 units and the allowed budgeted quantity of input is 90 units, then efficiency variance will be ___________?

A $23,800

B $11,200

C $12,200

D $13,200

Review Detailed Answer

Correct Answer: $11,200

An amount by which the total cost changes with respect to the change in level of activity is classified as ____________?

A activity coefficient

B cost coefficient

C change coefficient

D slope coefficient

Review Detailed Answer

Correct Answer: slope coefficient

The process of analyzing and reviewing financial records to check the integrity of company financial reports is called __________?

A internal audit

B external audit

C functional audit

D treasury audit

Review Detailed Answer

Correct Answer: internal audit

In management control, an efficiency variance is also referred as __________?

A control variance

B uncontrolled variance

C usage variance

D effective variance

Review Detailed Answer

Correct Answer: usage variance

In adjustment issues of costing, the database must contain reliable measure of __________?

A fixed cost driver

B cost driver and cost

C cost driver and object

D mixed cost driver

Review Detailed Answer

Correct Answer: cost driver and cost

In financial accounting, the investors, banks, suppliers and government agencies are classified as _____________?

A external parties

B internal parties

C environmental parties

D transactional parties

Review Detailed Answer

Correct Answer: external parties

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The type of accounting which reports to external parties of the organization is known as ____________?

The static budget amount is subtracted from the actual result to calculate ______________?

The factor used to predict the dependent variable is named as ___________?

An approach in which the managers use the resources to increase customer value is classified as __________?

If the budgeted price of input is $70, actual quantity of input is 250 units and the allowed budgeted quantity of input is 90 units, then efficiency variance will be ___________?

An amount by which the total cost changes with respect to the change in level of activity is classified as ____________?

The process of analyzing and reviewing financial records to check the integrity of company financial reports is called __________?

In management control, an efficiency variance is also referred as __________?

In adjustment issues of costing, the database must contain reliable measure of __________?

In financial accounting, the investors, banks, suppliers and government agencies are classified as _____________?