M C Q s D r i v e

Management Sciences 5307 MCQs [All-Courses]

thumb

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.

Direct cost incurred can be identified with_______________?
A Each Department
B Each unit of output
C Each Month
D Each Executive
Correct Answer: Each unit of output
Which of following best describes the increase in equity expands___________?
A Business operations
B cash outflows
C Inflows of cash
D Appropriation expenses
Correct Answer: Business operations
IFRS 9 explains about?
A Inventory
B Accounts Payable
C Accounts Receivable
D Expenses
Correct Answer: Accounts Receivable
Cash received for services rendered will______________?
A Increase cash and liability
B Increase equity and liability
C Increase fixed assets and cash
D Increase cash and equity
Correct Answer: Increase cash and equity
The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.
A Amortization
B Loan Payment
C Liability
D Securitization
Correct Answer: Amortization
Fresh capital introduction will increase____________?
A Assets and liabilities
B Assets and equity
C Liabilities and equity and bank balance
D Capital and liabilities
Correct Answer: Assets and equity
Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?
A 1,600
B 1,500
C 1,000
D 1,800
Correct Answer: 1,500
Which of the following accounting equation is correct?
A Cash+Other assets=Capital-Liabilities
B Capital+ Liabilities=Assets+Income
C Assets-Liabilities=Capital
D Assets+Capital=Liabilities
Correct Answer: Assets-Liabilities=Capital
A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?
A 18,387
B 18,560
C 18,750
D 19,000
Correct Answer: 18,387
Which of the following is the practical implementation of the accounting equation?
A Cash flow statement
B Income statement
C Statement of changes in equity
D Statement of financial position
Correct Answer: Statement of financial position