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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 budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as ___________?

A anticipated budgeting

B number budgeting

C predict budgeting

D kaizen budgeting

Review Detailed Answer

Correct Answer: kaizen budgeting

The part of the master budget, which covers the capital expenditures, budgeted statement of cash flows and balance sheets are classified as ___________?

A financial budget

B capital budget

C cash flows budget

D balanced budget

Review Detailed Answer

Correct Answer: financial budget

The third step in developing operating budget is ____________?

A analysis of batches

B analysis of batches

C analysis of products

D making predictions about future

Review Detailed Answer

Correct Answer: making predictions about future

If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be ____________?

A $5,000

B $35,000

C $15,000

D $45,000

Review Detailed Answer

Correct Answer: $35,000

The last step in developing operating budget is ____________?

A implementing income

B implementing the decision

C efficient implementation

D effective implementation

Review Detailed Answer

Correct Answer: implementing the decision

The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

A bill of materials

B bill of sequence

C bill of detail

D bill of raw materials

Review Detailed Answer

Correct Answer: bill of materials

The plan of action; how an organization meets its opportunities and capabilities is classified as ___________?

A action plan

B strategy

C step wise plan

D complex plan

Review Detailed Answer

Correct Answer: complex plan

The budgeted income statement and the supporting budget schedules are categorized under _____________?

A focused statement

B slack statement

C budgeted income statement

D operating budget

Review Detailed Answer

Correct Answer: operating budget

The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

A budget production

B planned production

C setup production

D stand by production

Review Detailed Answer

Correct Answer: budget production

The higher and accurate budgeted profit forecast of managers lead to __________?

A high incentive bonus

B low incentive bonus

C influence bonus

D revenue bonus

Review Detailed Answer

Correct Answer: high incentive bonus

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The budgeting method, which incorporates an improvement anticipated in budgeting period into budget numbers, can be classified as ___________?

The part of the master budget, which covers the capital expenditures, budgeted statement of cash flows and balance sheets are classified as ___________?

The third step in developing operating budget is ____________?

If the indirect manufacturing labor is $20000, power cost is $5000, maintenance and supplies are of $10000 then the manufacturing budget will be ____________?

The last step in developing operating budget is ____________?

The document, which contains the information about the used material sequence, detail and quantity of raw material is classified as __________?

The plan of action; how an organization meets its opportunities and capabilities is classified as ___________?

The budgeted income statement and the supporting budget schedules are categorized under _____________?

The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

The higher and accurate budgeted profit forecast of managers lead to __________?