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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 total manufacturing cost is $40000 and the total units manufactured is 500 units, then the per unit cost would be __________?

A $80

B $65

C $7

D $35

Review Detailed Answer

Correct Answer: $80

When an essential information for calculation of income statement is missing, then the costs that can be considered for this purpose is called _____________?

A expected cost

B expected revenues

C irrelevant costs

D relevant costs

Review Detailed Answer

Correct Answer: relevant costs

If the cost per unit is $50 and the total number of units manufactured in company are 5000, then the total manufacturing cost will be __________?

A $220,000

B $232,000

C $250,000

D $25,000

Review Detailed Answer

Correct Answer: $250,000

In today’s global world, an outsourcing of products or services from lower cost countries is classified as __________?

A differential in-sourcing

B off-shoring

C incremental outsourcing

D differential outsourcing

Review Detailed Answer

Correct Answer: off-shoring

The normal activity range in which there is relationship between activity and costs is classified as _____________?

A relevant range

B irrelevant range

C cause range

D effective range

Review Detailed Answer

Correct Answer: relevant range

The costs that behaves as irrelevant costs in process of decision making are classified as ___________?

A past costs

B future costs

C expected costs

D sunk costs

Review Detailed Answer

Correct Answer: past costs

The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?

A manufacturing sector companies

B merchandising sector companies

C service sector companies

D raw material companies

Review Detailed Answer

Correct Answer: manufacturing sector companies

The low level managers in organizations are to make decisions about _____________?

A net income irrelevancy

B operating income maximization

C operating income minimization

D operating income relevancy

Review Detailed Answer

Correct Answer: operating income maximization

The merchandising sector companies include _____________?

A food processing companies

B automotive companies

C distribution companies

D advertising agencies

Review Detailed Answer

Correct Answer: distribution companies

The costs which are related to different functions of the value chain of company, such as marketing and manufacturing costs are considered as __________?

A value costs

B future function costs

C business function costs

D sunk function costs

Review Detailed Answer

Correct Answer: business function costs

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the total manufacturing cost is $40000 and the total units manufactured is 500 units, then the per unit cost would be __________?

When an essential information for calculation of income statement is missing, then the costs that can be considered for this purpose is called _____________?

If the cost per unit is $50 and the total number of units manufactured in company are 5000, then the total manufacturing cost will be __________?

In today’s global world, an outsourcing of products or services from lower cost countries is classified as __________?

The normal activity range in which there is relationship between activity and costs is classified as _____________?

The costs that behaves as irrelevant costs in process of decision making are classified as ___________?

The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?

The low level managers in organizations are to make decisions about _____________?

The merchandising sector companies include _____________?

The costs which are related to different functions of the value chain of company, such as marketing and manufacturing costs are considered as __________?