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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.

For increasing sales, the decrease in selling price, below the selling price list is known as _________?

A partial discount

B corporate discount

C treasury discount

D price discount

Review Detailed Answer

Correct Answer: price discount

The costs of undertaken activities is to support individual products and are known as __________?

A expected sustaining

B input sustaining

C output sustaining

D product sustaining costs

Review Detailed Answer

Correct Answer: product sustaining costs

If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be ___________?

A $2,500

B $5,500

C $3,500

D $2,000

Review Detailed Answer

Correct Answer: $2,000

The hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?

A cost hierarchy

B price hierarchy

C activity hierarchy

D purpose hierarchy

Review Detailed Answer

Correct Answer: cost hierarchy

The corporate sustaining costs and distribution channel costs are also classified as _________?

A indirect costs

B variable costs

C fixed costs

D direct costs

Review Detailed Answer

Correct Answer: fixed costs

The type of costs that cannot be traced for individual products but help in supporting an organization are classified as ___________?

A individual sustaining costs

B facility sustaining costs

C sustained tracing

D support tracing

Review Detailed Answer

Correct Answer: facility sustaining costs

If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be ___________?

A $6,500

B $6,600

C $6,700

D $6,800

Review Detailed Answer

Correct Answer: $6,500

The cost pool category, which have the similar cause and effect relationship, with each cost driver uses as an allocation base is classified as __________?

A heterogeneous price pool

B homogenous cost pool

C heterogeneous cost pool

D homogenous price pool

Review Detailed Answer

Correct Answer: homogenous cost pool

If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be __________?

A $6,200

B $1,700

C $17,000

D $4,500

Review Detailed Answer

Correct Answer: $1,700

In activity based costing system, the description of activity can be classified as __________?

A activity list

B activity dictionary

C active purpose

D both A and B

Review Detailed Answer

Correct Answer: both A and B

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

For increasing sales, the decrease in selling price, below the selling price list is known as _________?

The costs of undertaken activities is to support individual products and are known as __________?

If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be ___________?

The hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?

The corporate sustaining costs and distribution channel costs are also classified as _________?

The type of costs that cannot be traced for individual products but help in supporting an organization are classified as ___________?

If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be ___________?

The cost pool category, which have the similar cause and effect relationship, with each cost driver uses as an allocation base is classified as __________?

If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be __________?

In activity based costing system, the description of activity can be classified as __________?