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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.

In the static budget, the difference between corresponding budgeted amount and actual result is called ____________?

A sales mix variance

B sales volume variance

C flexible budget variance

D static budget variance

Review Detailed Answer

Correct Answer: static budget variance

The way an organization matches its capabilities with available opportunities to accomplish its goals is called _______?

A elasticity incurrence

B off shoring

C strategy

D engineering

Review Detailed Answer

Correct Answer: strategy

The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

A customer level indirect costs

B customer level direct costs

C corporate level direct costs

D corporate level indirect costs

Review Detailed Answer

Correct Answer: customer level indirect costs

An example of customer 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: customer satisfaction and market share

If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be ____________?

A $7,500

B $6,500

C $1,000

D $10,000

Review Detailed Answer

Correct Answer: $1,000

Considering the balanced scorecard, the perspective in which performance of organization includes is ___________?

A financial perspective

B learning and growth perspective

C customer perspective

D all of above

Review Detailed Answer

Correct Answer: all of above

In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers 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 batch-level costs

Considering two years 2013 and 2014, the quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate ___________?

A benchmark engineered productivity

B benchmark total factor productivity

C benchmark partial productivity

D benchmark total productivity

Review Detailed Answer

Correct Answer: benchmark total factor productivity

The difference between static budget amount and the flexible budget amount is named as ___________?

A sales mix variance

B sales volume variance

C flexible budget variance

D static budget variance

Review Detailed Answer

Correct Answer: sales volume variance

An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called __________?

A inelastic demand

B product differentiation

C cost leadership

D elastic demand

Review Detailed Answer

Correct Answer: product differentiation

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In the static budget, the difference between corresponding budgeted amount and actual result is called ____________?

The way an organization matches its capabilities with available opportunities to accomplish its goals is called _______?

The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

An example of customer perspective in balanced scorecard is __________?

If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be ____________?

Considering the balanced scorecard, the perspective in which performance of organization includes is ___________?

In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers are classified as _____________?

Considering two years 2013 and 2014, the quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate ___________?

The difference between static budget amount and the flexible budget amount is named as ___________?

An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called __________?