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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 process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?
A partial inventory costing method
B current period inventory method
C Last-in, first-out method
D First-in, first-out method
Correct Answer: First-in, first-out method
The standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as __________?
A conversion process
B operation
C hybridization
D both a and b
Correct Answer: operation
The hybrid costing system, which is applied to batches of similar products, but are not identical is classified as ____________?
A incremental costing system
B split off costing system
C inventoriable costing system
D operation costing system
Correct Answer: operation costing system
The costing system, which is a combination of process costing and job costing system, is classified as __________?
A weighted costing system
B average costing system
C hybrid costing system
D double costing system
Correct Answer: hybrid costing system
The total available assets are subtracted from idle assets to calculate
A market equity
B total assets employed
C total assets available
D stockholders’ equity
Correct Answer: total assets employed
The formal information systems, used in organizations to focus company’s learning and attention, given to the most important strategic issues are known as ____________?
A interactive control system
B belief systems
C boundary systems
D diagnostic control systems
Correct Answer: interactive control system
The rupee amount for required return of investment is subtracted from income to calculate _____________?
A net income
B after tax income
C residual income
D operating income
Correct Answer: residual income
An economic value added method is specific type of method to calculate _____________?
A net income
B nominal income
C residual income
D residual investment
Correct Answer: residual income
The after-tax average cost of the funds used by company in long run is equal to __________?
A weighted average cost of capital
B economic value added
C after-tax operating income
D net income
Correct Answer: weighted average cost of capital
A desire of an individual to give good performance for self-satisfaction is known as ___________?
A intrinsic motivation
B extrinsic motivation
C monetary motivation
D bounded motivation
Correct Answer: intrinsic motivation
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