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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

In cost accounting, the goal of variance analysis is to ___________?
A understand variance reason
B improve future performance
C learning of improvement
D all of above
Correct Answer: all of above
The most frequently used methods of quantitative analysis include __________?
A variable equation
B high low method
C low high method
D constant equation
Correct Answer: high low method
The philosophy, in which the management works to improve value chain of the products, to exceed customer expectations is classified as ____________?
A quality
B management chain
C customer chain
D cost chain
Correct Answer: quality
If the flexible budget variance is $95000 and an actual cost is $40000, then the flexible budget cost would be __________?
A $135,000
B $45,000
C $50,000
D $55,000
Correct Answer: $55,000
In multicollinearity, the correlation coefficient between two independent variables must be greater than __________?
A 0.7
B 0.6
C 0.5
D 0.4
Correct Answer: 0.7
The strategy that interlinks technology and people, to enhance relationships in all the business functions is classified as ____________?
A technology management
B people management
C customer relationship management
D resource management
Correct Answer: customer relationship management
The actual price of material is less than budgeted price, this means that _________?
A price variance is favorable
B price variance is unfavorable
C cost variance is favorable
D cost variance is unfavorable
Correct Answer: price variance is favorable
The relationship between independent variable and dependent variable must be ___________?
A general ledger
B non-achievable
C non measureable
D economically plausible
Correct Answer: economically plausible
The quantitative expression of decided plan and coordination, for plan implementation is known as __________?
A cost format
B decided plan
C coordination plan
D budget
Correct Answer: budget
The budget which is planned around a single output level is called _________?
A marketing budget
B methodological budget
C static budget
D varied budget
Correct Answer: static budget
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