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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.

The variance, if used to alert managers before time of the problem is called _________?

A varied warning

B times warning

C managers warning

D early warning

Review Detailed Answer

Correct Answer: early warning

The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as _________?

A subunit center

B instruction center

C responsibility center

D activity segment

Review Detailed Answer

Correct Answer: responsibility center

An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as _________?

A coordinating the company effort

B action plan

C action accountability

D project accountability

Review Detailed Answer

Correct Answer: coordinating the company effort

The manager who is responsible for investments of the company, its costs and revenues is known as ______

A profit center

B investment center

C cost center

D revenue center

Review Detailed Answer

Correct Answer: investment center

The material or anything for which cost is to be measured is known as __________?

A measurement object

B cost object

C accounting object

D budget object

Review Detailed Answer

Correct Answer: cost object

In accounting, the cost incurred in past or in historical financial statements is classified as ________?

A actual cost

B budgeted cost

C past cost

D incurred cost

Review Detailed Answer

Correct Answer: actual cost

The direct cost assignment for specific cost object is classified as __________?

A cost object line cost

B cost tracing

C cost object indirect cost

D cost object staff cost

Review Detailed Answer

Correct Answer: cost tracing

In production, the variables such as level of activity or volume of company activity are known as ________?

A cost drivers

B timed drivers

C variable drivers

D fixed drivers

Review Detailed Answer

Correct Answer: cost drivers

In accounting, the resources sacrifice for achieving or fulfill specific objective is known as _________

A source cost

B sacrifice cost

C treated cost

D cost

Review Detailed Answer

Correct Answer: cost

The cost which is related to specific cost object and cannot be economically traceable is classified as ________?

A line cost

B staff cost

C direct cost

D indirect cost

Review Detailed Answer

Correct Answer: direct cost

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The variance, if used to alert managers before time of the problem is called _________?

The segment of subunit of company, whose manager is responsible for specific set of instructions and activities perform is classified as _________?

An assignment of task for managers, who are accountable for their actions in controlling and budgeting of resources is classified as _________?

The manager who is responsible for investments of the company, its costs and revenues is known as ______

The material or anything for which cost is to be measured is known as __________?

In accounting, the cost incurred in past or in historical financial statements is classified as ________?

The direct cost assignment for specific cost object is classified as __________?

In production, the variables such as level of activity or volume of company activity are known as ________?

In accounting, the resources sacrifice for achieving or fulfill specific objective is known as _________

The cost which is related to specific cost object and cannot be economically traceable is classified as ________?