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Management Sciences 5307 MCQs [All-Courses]

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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.

All Topics  5307

The dimensional analysis of cost includes ___________?
A horizontally across dimension
B horizontally upward dimension
C vertically upward dimension
D both a and c
Correct Answer: both a and c
The terms used in manufacturing cost systems are ____________?
A manufacturing costs
B prime costs
C conversion costs
D both B and C
Correct Answer: both B and C
The rate of return to cover a risk of investment and decrease in purchasing power, as a result of inflation is known as _________?
A nominal rate of return
B accrual accounting rate of return
C real rate of return
D required rate of return
Correct Answer: nominal rate of return
The conversion cost is $2000 and the manufacturing overhead cost is $7000, then the direct manufacturing labor cost will be _________?
A $27,000
B $13,000
C $130,000
D $29,500
Correct Answer: $13,000
The method, which calculates the time to recoup initial investment of project in form of expected cash flows is known as __________?
A net value cash flow method
B payback method
C single cash flow method
D lean cash flow method
Correct Answer: payback method
The labor related to the manufacturing of the product can be classified under _____________?
A direct manufacturing labor costs
B indirect manufacturing labor costs
C work in process cost
D finished costs
Correct Answer: direct manufacturing labor costs
If the payback period is 4 years and the uniform increases in cash flows per year is $2750000, then the net initial investment can be _____________?
A $10,511,000
B $12,105,000
C $1,100,000
D $11,000,000
Correct Answer: $11,000,000
The direct manufacturing labor costs is added into manufacturing overhead cost to calculate ___________?
A transaction costs
B conversion costs
C resale costs
D merchandise costs
Correct Answer: conversion costs
If the nominal rate is 26% and the inflation rate is 12%, then the real rate can be __________?
A 13.75%
B 11.65%
C 12.50%
D 13.50%
Correct Answer: 12.50%
In cost terms, the direct manufacturing labor cost is included in ___________?
A manufacturing costs
B prime costs
C conversion costs
D both B and C
Correct Answer: both B and C
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