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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.

Evaluation criteria of regression equation must be considered as ____________?

A goodness of fit

B economic plausibility

C significance of independent variable

D all of above

Review Detailed Answer

Correct Answer: all of above

An example of financial perspective in balanced scorecard is ___________?

A employee turnover rates

B operating capabilities and number of patents

C operating income and revenue growth

D customer satisfaction and market share

Review Detailed Answer

Correct Answer: operating income and revenue growth

Estimation of cost functions of an ignoring information from all points, but considering two observation points, can be classified as _________?

A disadvantage of low high method

B disadvantage of high low method

C advantage of high low method

D advantage of low high method

Review Detailed Answer

Correct Answer: disadvantage of high low method

The quantity of produced output is divided with the cost of all used inputs to calculate ____________?

A engineered productivity

B targeted productivity

C partial productivity

D total factor productivity

Review Detailed Answer

Correct Answer: total factor productivity

If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be __________?

A $3,000

B $300

C $4,700

D $4,500

Review Detailed Answer

Correct Answer: $300

An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as __________?

A inelastic demand

B product differentiation

C cost leadership

D elastic demand

Review Detailed Answer

Correct Answer: cost leadership

In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as __________?

A customer sustaining costs

B customer output unit-level costs

C customer batch-level costs

D corporate sustaining costs

Review Detailed Answer

Correct Answer: customer output unit-level costs

An amount of available capacity other than employed capacity, to meet the customer’s demand, is classified as _________?

A targeted capacity

B budgeted capacity

C recovery capacity

D unused capacity

Review Detailed Answer

Correct Answer: unused capacity

The cost of particular cost object which cannot be traced in economically plausible way is termed as __________?

A indirect cost

B partial cost

C benchmark cost

D direct cost

Review Detailed Answer

Correct Answer: indirect cost

Considering two fiscal years 2013 and 2014, the actual units sold in 2013 and 2014 are 11000 and 12500 units respectively, and selling price in year 2013 is $50, then revenue effect of growth will be _________?

A $70,000

B $75,000

C $65,000

D $73,000

Review Detailed Answer

Correct Answer: $75,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

Evaluation criteria of regression equation must be considered as ____________?

An example of financial perspective in balanced scorecard is ___________?

Estimation of cost functions of an ignoring information from all points, but considering two observation points, can be classified as _________?

The quantity of produced output is divided with the cost of all used inputs to calculate ____________?

If an actual result in static budget is $2500 and the corresponding budgeted amount is $2200, then the static budget variance will be __________?

An organization’s ability to offer market offerings at lower prices, in comparison with its competitors is known as __________?

In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as __________?

An amount of available capacity other than employed capacity, to meet the customer’s demand, is classified as _________?

The cost of particular cost object which cannot be traced in economically plausible way is termed as __________?

Considering two fiscal years 2013 and 2014, the actual units sold in 2013 and 2014 are 11000 and 12500 units respectively, and selling price in year 2013 is $50, then revenue effect of growth will be _________?