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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.

In a given scenario, if the cost is considered as indirect cost then independent variable will be considered as _________?

A demand allocation base

B supply allocation base

C cost allocation base

D price allocation base

Review Detailed Answer

Correct Answer: cost allocation base

If the cost of direct materials use in the goods sold is $5000 and the total revenues are $9000 then the throughput contribution would be ____________?

A $5,000

B $14,000

C $4,000

D $9,000

Review Detailed Answer

Correct Answer: $4,000

The third step in estimation of cost function, by using quantitative analysis is collection of data for ___________?

A cost and cost object

B price and cost driver

C dependent variable and cost driver

D independent variable and cost driver

Review Detailed Answer

Correct Answer: dependent variable and cost driver

The on-time performance and customer-response time are the examples of ___________?

A customer measures

B financial measures

C measures of growth and learning

D measures of internal business processes

Review Detailed Answer

Correct Answer: customer measures

In estimation of cost function, an example of independent variable is ___________?

A level of activity

B quantity stored

C quantity manufactured

D quality of product

Review Detailed Answer

Correct Answer: level of activity

The costs that are incurred to prevent low quality goods production are classified as ___________?

A costs of quality

B costs of learning

C costs of reengineering

D costs of spoilage inventory

Review Detailed Answer

Correct Answer: costs of quality

The formula of 1 – unexplained variation ⁄ total variation is used to calculate _____________?

A coefficient of determination

B coefficient of index

C coefficient of residual

D coefficient of prediction

Review Detailed Answer

Correct Answer: coefficient of determination

The total manufacturing time is multiplied to the manufacturing cycle efficiency to calculate __________?

A manufacturing cycle efficiency

B value added manufacturing time

C responding time

D delivery time

Review Detailed Answer

Correct Answer: value added manufacturing time

The cost that has elements of variable and fixed costs at the same time is __________?

A variable cost

B mixed cost

C semi variable cost

D Both B and C

Review Detailed Answer

Correct Answer: Both B and C

The graph which plots the series of successive observations of specific procedure, operation or step at regular time intervals is called ____________?

A relevant costing diagram

B cause and effect diagram

C control chart

D pareto diagram

Review Detailed Answer

Correct Answer: control chart

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In a given scenario, if the cost is considered as indirect cost then independent variable will be considered as _________?

If the cost of direct materials use in the goods sold is $5000 and the total revenues are $9000 then the throughput contribution would be ____________?

The third step in estimation of cost function, by using quantitative analysis is collection of data for ___________?

The on-time performance and customer-response time are the examples of ___________?

In estimation of cost function, an example of independent variable is ___________?

The costs that are incurred to prevent low quality goods production are classified as ___________?

The formula of 1 – unexplained variation ⁄ total variation is used to calculate _____________?

The total manufacturing time is multiplied to the manufacturing cycle efficiency to calculate __________?

The cost that has elements of variable and fixed costs at the same time is __________?

The graph which plots the series of successive observations of specific procedure, operation or step at regular time intervals is called ____________?