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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

The value, which measures that how large is the value of standard error in relevance to value of estimated coefficient, is termed as __________?
A t-value
B b-value
C d-value
D c-value
Correct Answer: t-value
The formal way of differentiating, between non-random and random variations, in manufacturing process is classified as ____________?
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
The chances of cost to be considered as variable are more, if the __________?
A time horizons are long
B time horizons are short
C time horizons are irrelevant
D time horizons are relevant
Correct Answer: time horizons are long
If the manufacturing cycle efficiency is 0.725 and the total manufacturing time is 45 minute, then the value added manufacturing time will be _________?
A 42.625
B 36.724
C 32.625
D 41.625
Correct Answer: 32.625
An analysis of data over successive past periods, which pertain to some plant, activity and organization is called ___________?
A economic series
B financial series
C time series
D analytical series
Correct Answer: time series
The chart which represents how regularly the defect occurs in production process is classified as ___________?
A relevant costing diagram
B cause and effect diagram
C control chart
D Pareto chart
Correct Answer: Pareto chart
The residual term is also considered as __________?
A error term
B disturbance term
C relevant term
D both a and b
Correct Answer: both a and b
The delivery of goods by the time it is contracted to be delivered is known as ____________?
A effective performance
B efficient performance
C in-time performance
D on-time performance
Correct Answer: on-time performance
All the conditions or assumptions of regression analysis in simple regression can give __________?
A dependent estimation
B independent estimation
C reliable estimates
D unreliable estimates
Correct Answer: reliable estimates
The time a company takes until a good is produced after order placement is known as ___________?
A manufacturing lead time
B manufacturing cycle efficiency
C customer response time
D system process time
Correct Answer: manufacturing lead time
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