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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.

If the demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be __________?

A $200

B $190

C $160

D $180

Review Detailed Answer

Correct Answer: $180

The approaches to allocate costs of support department do not include ___________?

A sales mix allocation method

B dual-rate cost-allocation method

C single rate cost allocation method

D both b and c

Review Detailed Answer

Correct Answer: both b and c

The systematic flow of services, goods or information from the buying material for product delivery to the customers is known as __________?

A supply chain

B value chain

C material flow chain

D manufacturing flow chain

Review Detailed Answer

Correct Answer: supply chain

The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called ___________?

A step down product

B dual mix product

C bundled product

D reciprocal product

Review Detailed Answer

Correct Answer: bundled product

The required rate of return, is multiplied per unit cost of purchased units to calculate __________?

A irrelevant inventory carrying costs

B relevant opportunity cost of capital

C relevant purchase order costs

D relevant inventory carrying costs

Review Detailed Answer

Correct Answer: relevant opportunity cost of capital

The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as _____________?

A step down allocation method

B stand-alone revenue allocation method

C incremental revenue allocation method

D revenue mix allocation method

Review Detailed Answer

Correct Answer: incremental revenue allocation method

The cost of product failure, error prevention and appraisals can be classified under ___________?

A stocking costs

B stock-out costs

C costs of quality

D shrinkage costs

Review Detailed Answer

Correct Answer: costs of quality

The department which directly adds value to product or service is known as __________?

A production department

B operating department

C allocation base department

D both a and b

Review Detailed Answer

Correct Answer: both a and b

If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be __________?

A $5,000

B $4,500

C $5,500

D $6,000

Review Detailed Answer

Correct Answer: $5,000

The department which provides assisting services to internal departments is classified as __________?

A supply department

B support department

C production department

D allocation base department

Review Detailed Answer

Correct Answer: support department

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be __________?

The approaches to allocate costs of support department do not include ___________?

The systematic flow of services, goods or information from the buying material for product delivery to the customers is known as __________?

The package which consists of two or more products to be sold for single price, but components of products in package have separate stand-alone price is called ___________?

The required rate of return, is multiplied per unit cost of purchased units to calculate __________?

The method of revenue allocation, which ranks products included in bundle according to predetermined criteria of management is known as _____________?

The cost of product failure, error prevention and appraisals can be classified under ___________?

The department which directly adds value to product or service is known as __________?

If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be __________?

The department which provides assisting services to internal departments is classified as __________?