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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

A concept which explains a received money in present time, is more valuable than money received in future is called __________?
A lead value of money
B storage value of money
C time value of money
D cash value of money
Correct Answer: time value of money
All the costs, which are assigned to manufactured products for specific calculations are classified as ___________?
A contracting costs
B product cost
C government costs
D marketing costs
Correct Answer: product cost
If the real rate is 16% and an inflation rate is 8%, then the nominal rate of return will be __________?
A 27.28%
B 25.28%
C 22.28
D 21.28
Correct Answer: 25.28%
The costs which are considered as expenses in the accounting period are also known as ____________?
A inventory costs
B period costs
C timed costs
D labor overheads
Correct Answer: period costs
The vertically upward dimension of cost analysis is also called __________?
A project dimension
B accounting-period dimension
C back-flush accounting dimension
D lean accounting dimension
Correct Answer: accounting-period dimension
The labor which works as forklift truck, plant guards and the rework labor is classified as ____________?
A prime overhead
B conversion overhead
C factory overhead
D manufacturing overhead
Correct Answer: manufacturing overhead
The process of making long term decisions, for capital investment in the projects is called __________?
A lead budgeting
B lean budgeting
C capital budgeting
D relevant budgeting
Correct Answer: capital budgeting
The wages and other benefits, provided to assembly line workers and operators of machine are classified under the _____________?
A work in process costs
B finished costs
C direct manufacturing labor costs
D indirect manufacturing labor costs
Correct Answer: direct manufacturing labor costs
The capital budgeting method to analyze information of financials include ___________?
A internal rate of return
B accrual accounting rate of return
C net present value
D all of above
Correct Answer: all of above
The period cost, which consists the income statement of manufacturing companies belong to ____________?
A inventory costs
B product costs
C non-manufacturing costs
D manufacturing costs
Correct Answer: non-manufacturing costs
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