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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 cost which remains unchanged, in proportion to level the total volume of production is classified as _________?

A total cost

B infeasible cost

C fixed cost

D variable cost

Review Detailed Answer

Correct Answer: fixed cost

The costs are classified as fixed or variable on the basis of __________?

A specific activity

B given time period

C common activity

D both a and b

Review Detailed Answer

Correct Answer: both a and b

The cost, which is related to specific cost object and economically traceable, will be classified as _________?

A direct cost

B indirect cost

C line cost

D staff cost

Review Detailed Answer

Correct Answer: direct cost

The cost which is changed in proportion to level the total volume is ___________?

A fixed cost

B variable cost

C total cost

D infeasible cost

Review Detailed Answer

Correct Answer: variable cost

The process of tracing the direct costs and allocation of indirect costs is known as __________?

A cost assignment

B direct assignment

C indirect assignment

D economic assignment

Review Detailed Answer

Correct Answer: cost assignment

In accounting, the cost which is predicted to be incurred or future cost is known as ________?

A past cost

B incurred cost

C actual cost

D budgeted cost

Review Detailed Answer

Correct Answer: budgeted cost

The process of assigning the indirect costs to any specific cost object is known as ___________?

A economic cost

B cost tracing

C cost allocation

D non-economic costs

Review Detailed Answer

Correct Answer: cost allocation

The relationship between change in activity and change in total costs is considered as __________?

A fixed relationship

B cause and effect relationship

C ineffective relationship

D variable relationship

Review Detailed Answer

Correct Answer: cause and effect relationship

According to accounting system the collection of cost data, in an organized way is classified as ___________?

A system accumulation

B accumulated data

C cost accumulation

D organized accumulation

Review Detailed Answer

Correct Answer: cost accumulation

If the number of processes, in which employees who can make decisions are 20 and the number of processes are 50, then employee empowerment ratio will be _________?

A 0.9

B 0.4

C 0.3

D 0.8

Review Detailed Answer

Correct Answer: 0.4

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The cost which remains unchanged, in proportion to level the total volume of production is classified as _________?

The costs are classified as fixed or variable on the basis of __________?

The cost, which is related to specific cost object and economically traceable, will be classified as _________?

The cost which is changed in proportion to level the total volume is ___________?

The process of tracing the direct costs and allocation of indirect costs is known as __________?

In accounting, the cost which is predicted to be incurred or future cost is known as ________?

The process of assigning the indirect costs to any specific cost object is known as ___________?

The relationship between change in activity and change in total costs is considered as __________?

According to accounting system the collection of cost data, in an organized way is classified as ___________?

If the number of processes, in which employees who can make decisions are 20 and the number of processes are 50, then employee empowerment ratio will be _________?