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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 manager, who is responsible for the both cost and revenues belong to the department of
A cost center
B revenue center
C profit center
D investment center
Correct Answer: profit center
A manager who is responsible for only the cost of the company belongs to __________?
A cost center
B revenue center
C profit center
D investment center
Correct Answer: cost center
The larger number of manager subordinates and the higher level manager are termed as _________?
A activity subordinates
B broader responsibility center
C broader subordinates
D activity ordinates
Correct Answer: broader responsibility center
The use of variables to signal whether the strategies are effective or ineffective is classified as _________?
A evaluating strategy
B performing strategy
C warned strategy
D weighted strategy
Correct Answer: evaluating strategy
Which of the following is an example of revenue center?
A sales department
B investing center
C marketing department
D segment department
Correct Answer: sales department
The manager who is responsible only for the revenues of the company can be categorized under the ___________?
A profit center
B investment center
C cost center
D revenue center
Correct Answer: revenue center
The significant feature of Kaizen Budgeting is __________?
A employee suggestion
B customer suggestion
C cost suggestion
D price suggestion
Correct Answer: employee suggestion
The system which measures the budget, action and plan of each responsibility center is known as ___________?
A budgeted accounting
B action accounting
C planned accounting
D responsibility accounting
Correct Answer: responsibility accounting
The variance used by managers to check whether the company has performed well and properly implemented the strategies is considered as ___________?
A strategic implementation
B proper implementation
C performance evaluation
D well evaluated
Correct Answer: performance evaluation
An arrangement of line of authority within the company is classified as __________?
A company structure
B organization structure
C line of authority
D line of responsibility
Correct Answer: organization structure
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