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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 starting point in the operating budget is __________?

A cost budget

B material list

C revenue budget

D list of investors

Review Detailed Answer

Correct Answer: revenue budget

The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as ___________?

A complexity

B process

C budget

D batching

Review Detailed Answer

Correct Answer: budget

The budget plan in many companies is also referred as ___________?

A profit plan

B sales plan

C cost plan

D marketing plan

Review Detailed Answer

Correct Answer: profit plan

The practice, which makes target more achievable by underestimating revenues or overestimating cost is called _____________?

A cost slack

B target slack

C budgetary slack

D revenue slack

Review Detailed Answer

Correct Answer: budgetary slack

The better administration of budget in budgeting plans require:_____________?

A intelligent interpretations

B participation

C persuasion

D all of above

Review Detailed Answer

Correct Answer: all of above

In Kaizen budgeting, the costs are based on all the improvements which is __________?

A to be implemented

B based on current practice

C based on past prices

D based on sold quantity

Review Detailed Answer

Correct Answer: to be implemented

The degree of influence that a manager would have on the revenues, cost, profit and investment is known as __________?

A controllability

B influential power

C responsibility

D all of above

Review Detailed Answer

Correct Answer: controllability

The compelling strategic plan, promoting coordination and providing framework of performance are ___________?

A advantages of budget

B disadvantages of budget

C advantages of costing method

D disadvantages of costing method

Review Detailed Answer

Correct Answer: advantages of budget

The cash receipts are added in to beginning cash balance to calculate __________?

A total goods manufactured

B total cash available

C total revenue

D total goods sold

Review Detailed Answer

Correct Answer: total cash available

The direct labor, salary outlays and direct material purchases are classified as ___________?

A price disbursements

B cash disbursements

C budget disbursements

D goods disbursements

Review Detailed Answer

Correct Answer: cash disbursements

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The starting point in the operating budget is __________?

The quantitative expression, of action plan by the management of the firm for a specified period of time is classified as ___________?

The budget plan in many companies is also referred as ___________?

The practice, which makes target more achievable by underestimating revenues or overestimating cost is called _____________?

The better administration of budget in budgeting plans require:_____________?

In Kaizen budgeting, the costs are based on all the improvements which is __________?

The degree of influence that a manager would have on the revenues, cost, profit and investment is known as __________?

The compelling strategic plan, promoting coordination and providing framework of performance are ___________?

The cash receipts are added in to beginning cash balance to calculate __________?

The direct labor, salary outlays and direct material purchases are classified as ___________?