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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

An organizational practice, according to which the decision making freedom is available to lower level managers is known as _____________?
A decentralization
B centralization
C autonomy of effort
D congruency
Correct Answer: decentralization
The products or services that are transferred between different subunits of a company are classified as _____________?
A mobile products
B dysfunctional products
C intermediate product
D territorial product
Correct Answer: intermediate product
The decision making methods, used for subunits of company are highly interdependent on each other is called _____________?
A incongruent decision making
B functional decision making
C congruent decision making
D duplication decision making
Correct Answer: incongruent decision making
An exertion for achieving a set goal is known as ____________?
A motivation
B goal congruence
C effort
D autonomy
Correct Answer: effort
If the opportunity cost per barrel is $45 per unit, incremental cost per barrel is $65, then minimum transfer price will be __________?
A $45
B $110
C $20
D $65
Correct Answer: $110
A situation when groups and individuals work together for achieving a particular goal can be classified as _________?
A motivation
B goal congruence
C effort
D autonomy
Correct Answer: goal congruence
Some of the methods used for determining transfer prices are ___________?
A market-based transfer prices
B cost-based transfer prices
C negotiated transfer prices
D all of above
Correct Answer: all of above
The per unit opportunity cost to the selling subunit of company, is added into per unit incremental cost is incurred at point of transfer to calculate ____________?
A minimum operating cost
B maximum operating costs
C maximum transfer price
D minimum transfer price
Correct Answer: minimum transfer price
The maximum freedom for managers and minimum constraints are the main features of ___________?
A total autonomy
B total centralization
C total decentralization
D total congruency
Correct Answer: total decentralization
The price charged by one subunit to supply products or services to another unit is called _____________?
A subunit autonomy cost
B transfer price
C performance prices
D effort cost
Correct Answer: transfer price
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