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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

If the difference in costs is $32000 and the slope coefficient is 0.40, then difference in machine hours would be ___________?
A $80,000
B $12,800
C $70,000
D $22,800
Correct Answer: $80,000
The reduction in setup time, manufacturing cycle efficiency and average time of manufacturing for key products are the examples of ____________?
A measures of growth and learning
B measures of internal business processes
C customer measures
D financial measures
Correct Answer: measures of internal business processes
The function used to measure decline in labor hours per unit as the units of production increases is called ___________?
A fixed curve
B learning curve
C linear curve
D mixed curve
Correct Answer: learning curve
The time between a customer’s order placement till the customer receives its delivery is known as ___________?
A manufacturing lead time
B manufacturing cycle time
C customer response time
D system process time
Correct Answer: customer response time
In the linear cost function, which is y = a + bx, the ‘y’ is classified as ___________?
A predicted fixed cost
B predicted variable cost
C predicted cost
D predicted price
Correct Answer: predicted cost
The number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate __________?
A employee satisfaction
B employee turnover
C employee training
D employee failures
Correct Answer: employee satisfaction
In regression analysis, if the predicted cost value is 65 and observed cost value is 19 then the disturbance term will be __________?
A 46
B 56
C 36
D 76
Correct Answer: 46
The sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as ___________?
A throughput costs
B investments
C operating costs
D marginal costs
Correct Answer: investments
The method, which considers the cost and cost drivers of departments such as employee relations and process engineering is termed as __________?
A pricing method
B manufacturing method
C conference method
D inference method
Correct Answer: conference method
The statistical quality control is also called __________?
A statistical process control
B statistical failure control
C statistical control of prevention cost
D statistical control of sunk cost
Correct Answer: statistical process control
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