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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 second step in developing operating budget is to ___________?

A plan coordination

B plan accounts

C obtain information

D coverage information

Review Detailed Answer

Correct Answer: obtain information

The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as ___________?

A annual budget

B operating budget

C specific budget

D master budget

Review Detailed Answer

Correct Answer: master budget

The what-if technique, which examines changes in results, if original prediction would not be achieved is called _____________?

A change analysis

B original analysis

C sensitivity analysis

D predicted analysis

Review Detailed Answer

Correct Answer: sensitivity analysis

The master budget includes all the projections of company’s budget and focuses on __________?

A serial correlation

B marketing plan

C financial plan

D both B and C

Review Detailed Answer

Correct Answer: both B and C

If the budget sales units are 2000, an ending inventory is 3000 units and the beginning inventory is 1000, then the budget production would be ______________?

A 6000 units

B 4000 units

C no units

D 8000 units

Review Detailed Answer

Correct Answer: 4000 units

The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as ____________?

A focused accounting

B responsibility accounting

C information accounting

D blame accounting

Review Detailed Answer

Correct Answer: responsibility accounting

The mathematical relationships exist between operating and financing activities that affect master budget are called _____________?

A math plan model

B financial planning models

C operating plan models

D master plan models

Review Detailed Answer

Correct Answer: financial planning models

The non-financial and financial aspects of the plan by the company management, is classified as ___________?

A complexity

B process

C budget

D batching

Review Detailed Answer

Correct Answer: budget

An act of making sure, that all the employees must understand the goals is classified as ___________?

A coordination

B communication

C annual profit plan

D budgeting

Review Detailed Answer

Correct Answer: communication

The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as ___________?

A budget

B batching

C complexity

D process

Review Detailed Answer

Correct Answer: budget

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The second step in developing operating budget is to ___________?

The budget which specifies an operating and financial plan, usually for a fiscal year or any specific period of time is classified as ___________?

The what-if technique, which examines changes in results, if original prediction would not be achieved is called _____________?

The master budget includes all the projections of company’s budget and focuses on __________?

If the budget sales units are 2000, an ending inventory is 3000 units and the beginning inventory is 1000, then the budget production would be ______________?

The type of accounting, which focuses on whom should be asked for information and whom not, will be categorized as ____________?

The mathematical relationships exist between operating and financing activities that affect master budget are called _____________?

The non-financial and financial aspects of the plan by the company management, is classified as ___________?

An act of making sure, that all the employees must understand the goals is classified as ___________?

The type of plan of a company, which quantities the expectations of cash flows, income and financial position is known as ___________?