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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

Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called ____________?
A economic order quantity purchasing
B annual purchasing
C just in time purchasing
D both a and b
Correct Answer: just in time purchasing
An example of qualitative factor is __________?
A employee morale
B cost of materials
C cost of workers
D cost of marketing
Correct Answer: employee morale
If the required rate of return is 12% and the per unit cost of units purchased is $35, then the relevant opportunity cost of capital will be ____________?
A $6.20
B $7.20
C $4.20
D $5.20
Correct Answer: $4.20
The difference of cost, which occurs while considering the alternatives can be classified as ___________?
A dependent cost
B independent cost
C incremental cost
D differential cost
Correct Answer: differential cost
The decision model to calculate optimal quantity of inventory to be ordered is called ____________?
A efficient order quantity
B economic order quantity
C rational order quantity
D optimized order quantity
Correct Answer: economic order quantity
The financial factors measured in numerical terms, having some monetary value are considered as ___________?
A qualitative factors
B quantitative factors
C expected factors
D recorded factors
Correct Answer: quantitative factors
If the economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be ____________?
A 16
B 12
C 10
D 14
Correct Answer: 10
An example of quantitative factor is ____________?
A employee behavior at workplace
B employee satisfaction
C employee morale
D cost of materials
Correct Answer: cost of materials
A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as ___________?
A in-time production
B materials requirement planning
C on-time production
D pull strategy of production
Correct Answer: materials requirement planning
The decisions made by team of individuals or single person, whether to outsource the products or in-source are classified as __________?
A demand or supply decisions
B make or buy decisions
C relevant or irrelevant decision
D idle or busy decisions
Correct Answer: make or buy decisions
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