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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 number of observations in regression analysis is considered as _____________?
A degree of possibility
B degree of average
C degree of variance
D degree of freedom
Correct Answer: degree of freedom
The consumed time to deliver a complete order to its customers is termed as ___________?
A responding time
B value chain time
C delivery time
D manufacturing cycle efficiency
Correct Answer: delivery time
The deviations between estimated regression line and the vertical deviations are classified as ____________?
A fixed terms
B indexed terms
C variable terms
D residual terms
Correct Answer: residual terms
A product performance in comparison to its features and design is classified as ___________?
A learning quality
B design quality
C conformance quality
D business process quality
Correct Answer: conformance quality
If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?
A $48,000
B −$2000
C $2,000
D −$48000
Correct Answer: $2,000
If the employees of division A work for 8000 hours for $90 per hour, then the rate must be paid in division B in accordance of single rate method will be ___________?
A $90 per hour
B less than $90 per hour
C greater than $90 per hour
D none of above
Correct Answer: $90 per hour
An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called ___________?
A unadjusted budget rate approach
B adjusted allocation rate approach
C unadjusted allocation rate approach
D adjusted budget rate approach
Correct Answer: adjusted allocation rate approach
Support department cost allocation method which makes no difference between variable and fixed costs is classified as ___________?
A sales mix allocation method
B dual-rate cost-allocation method
C single rate cost allocation method
D quantity variance allocation method
Correct Answer: single rate cost allocation method
In normal costing, the manufacturing overhead allocated is also called _________?
A manufacturing overhead applied
B labor overhead applied
C cost overhead applied
D budget overhead applied
Correct Answer: manufacturing overhead applied
A particular term for which specific revenue measurement is required is known as __________?
A revenue allocation
B revenue object
C revenue increment
D reciprocal revenue
Correct Answer: revenue object
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