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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.

In adjustment issues and data collection, the inflation affects the _________?

A cost driver and cost

B cost object and cost

C heterogeneous cost

D homogenous cost

Review Detailed Answer

Correct Answer: cost driver and cost

The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called _____________?

A organization

B alternation

C planning

D valuing

Review Detailed Answer

Correct Answer: planning

The performance is evaluated only on the basis of price variance, if the performance evaluation is __________?

A positive

B negative

C zero

D one

Review Detailed Answer

Correct Answer: positive

The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?

A conference method

B inference method

C pricing method

D manufacturing method

Review Detailed Answer

Correct Answer: conference method

The function of management accountant, who works as business partner comes under the category of ____________?

A asset function

B investment function

C line function

D staff function

Review Detailed Answer

Correct Answer: staff function

An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be __________?

A 300 units

B 700 units

C 800 units

D 500 units

Review Detailed Answer

Correct Answer: 300 units

In the linear cost function which is y=a + bx, the objective is to find the ___________?

A values of a and b

B values of x and y

C values of a and x

D values of b and y

Review Detailed Answer

Correct Answer: values of a and b

The step by step business functions, in which product or services must have customer usefulness, is classified as ___________?

A value chain

B useful chain

C product chain

D services chain

Review Detailed Answer

Correct Answer: value chain

The difference between actual input variance and the budgeted input variance is called __________?

A price variance

B actual output price

C budgeted output price

D actual selling price

Review Detailed Answer

Correct Answer: price variance

The statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called ___________?

A times series method

B time horizon method

C aggression method

D regression method

Review Detailed Answer

Correct Answer: regression method

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In adjustment issues and data collection, the inflation affects the _________?

The decision making step, which consists of organization goals, predicting alternatives and communicating goals is called _____________?

The performance is evaluated only on the basis of price variance, if the performance evaluation is __________?

The method of estimation of cost function, by making the opinions and analysis about cost and cost drivers is classified as ______?

The function of management accountant, who works as business partner comes under the category of ____________?

An efficiency variance is 200 units and the actual input quantity is 500 units, then the budgeted input quantity will be __________?

In the linear cost function which is y=a + bx, the objective is to find the ___________?

The step by step business functions, in which product or services must have customer usefulness, is classified as ___________?

The difference between actual input variance and the budgeted input variance is called __________?

The statistical method used to measure average change in dependent variable, with respect to change of one unit in independent variable is called ___________?