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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.

One of the most important tools in cost planning is__________?

A Direct cost

B Cost Sheet

C Budget

D Marginal Costing.

Review Detailed Answer

Correct Answer: Budget

Payment of expenses will ______ the assets

A Increase

B Reduce

C apportion

D Overstate

Review Detailed Answer

Correct Answer: Reduce

A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is

A 792

B 820

C 840

D 864

Review Detailed Answer

Correct Answer: 864

Collection of account receivable will

A Increase assets and decrease assets

B Increase assets and decrease liabilities

C Increase assets and increase capital

D Increase assets and increase cash

Review Detailed Answer

Correct Answer: Increase assets and decrease assets

If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.

A 8,000 units

B 11,000 units

C 10,000 units

D 9,000 units

Review Detailed Answer

Correct Answer: 10,000 units

Net income equal to Revenues minus____________?

A Gains

B Depreciation

C Expenses

D Capital expenditures

Review Detailed Answer

Correct Answer: Expenses

Consider the following data pertaining to the production of a company for a particular month :

A 65,025

B 94,287

C 95,020

D 1,52,624

Review Detailed Answer

Correct Answer: 65,025

If the business’s owner withdraws cash for his/her personal use what will be the effect on capital?

A Increase in capital

B Remain the same

C Decrease in capital

D No effect on capital

Review Detailed Answer

Correct Answer: Decrease in capital

A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be

A 37.5

B 38.25

C 24

D 35

Review Detailed Answer

Correct Answer: 24

Capital of a business decreases if there is an increase in___________?

A Drawings

B Income

C Gains

D Fresh capital

Review Detailed Answer

Correct Answer: Drawings

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

One of the most important tools in cost planning is__________?

Payment of expenses will ______ the assets

A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is

Collection of account receivable will

If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.

Net income equal to Revenues minus____________?

Consider the following data pertaining to the production of a company for a particular month :

If the business’s owner withdraws cash for his/her personal use what will be the effect on capital?

A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be

Capital of a business decreases if there is an increase in___________?