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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.

The bidding technique in which only one bid is submitted by sellers is classified as ________?

A equalizing-bid auctions

B descending bids auction

C ascending bids auctions

D sealed-bid auctions

Review Detailed Answer

Correct Answer: sealed-bid auctions

The price discrimination in which seller charges less to the customers, who buy in large volumes is classified as __________?

A second-degree price discrimination

B first-degree price discrimination

C third-degree discrimination

D fourth-degree discrimination

Review Detailed Answer

Correct Answer: second-degree price discrimination

The type of auction which have many buyers and only one seller and the bidder raises the price of an offer is classified as _________?

A English auctions

B Dutch auctions

C equalizing-bid auctions

D Australian auctions

Review Detailed Answer

Correct Answer: English auctions

The image pricing, location pricing, channel pricing and time pricing are all types of price discrimination of __________?

A First degree

B Second degree

C Third degree

D Fourth degree

Review Detailed Answer

Correct Answer: Third degree

The total cost is divided by production level to calculate _________?

A average costs

B fixed costs

C variable costs

D discounted costs

Review Detailed Answer

Correct Answer: average costs

The pricing value of the product which is based on image of buyers about customer support, warranty and support is classified as _________?

A target profit pricing

B break-even pricing

C perceived value pricing

D target return pricing

Review Detailed Answer

Correct Answer: perceived value pricing

The selling of the product’s price is set with the help of ________?

A demand

B supply

C cost

D discount and allowance

Review Detailed Answer

Correct Answer: demand

If the demand for the product does not change with the small change in price then the demand is said to be ________?

A interactive

B augmented

C elastic

D inelastic

Review Detailed Answer

Correct Answer: elastic

The cost of products that fluctuate with the level of production are classified as ___________?

A total costs

B augmented costs

C variable costs

D fixed costs

Review Detailed Answer

Correct Answer: variable costs

If the fixed cost is $80000, variable cost is $10 and the product is sold at $25 then the break-even volume will be ___________?

A 5333

B 6333

C 7333

D 4333

Review Detailed Answer

Correct Answer: 5333

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The bidding technique in which only one bid is submitted by sellers is classified as ________?

The price discrimination in which seller charges less to the customers, who buy in large volumes is classified as __________?

The type of auction which have many buyers and only one seller and the bidder raises the price of an offer is classified as _________?

The image pricing, location pricing, channel pricing and time pricing are all types of price discrimination of __________?

The total cost is divided by production level to calculate _________?

The pricing value of the product which is based on image of buyers about customer support, warranty and support is classified as _________?

The selling of the product’s price is set with the help of ________?

If the demand for the product does not change with the small change in price then the demand is said to be ________?

The cost of products that fluctuate with the level of production are classified as ___________?

If the fixed cost is $80000, variable cost is $10 and the product is sold at $25 then the break-even volume will be ___________?