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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 fixed cost is $18000 and the variable cost is $16000 then the total cost is _________?

A $18,000

B $16,000

C $340,000

D $34,000

Review Detailed Answer

Correct Answer: $34,000

The form of countertrade in which seller receives some money and some goods for due payments is classified as _________?

A offset

B buy back arrangement

C barter

D compensation deal

Review Detailed Answer

Correct Answer: compensation deal

The promotional pricing technique adopted by retailers and lowering selling prices of well-known brands is classified as ___________?

A loss leader pricing

B cash rebates

C special customer pricing

D special event pricing

Review Detailed Answer

Correct Answer: loss leader pricing

The pricing technique according to which the low price is charged for a quality offering is classified as ___________?

A break-even pricing

B perceived value pricing

C target return pricing

D value pricing

Review Detailed Answer

Correct Answer: value pricing

The price increasing technique in which companies with long lead times, do not set price until product is finished is classified as _____________?

A reduction of discounts

B unbundling

C delayed quotation pricing

D escalator clauses

Review Detailed Answer

Correct Answer: delayed quotation pricing

The extra payment awarded for sales program and advertising is classified as ___________?

A seasonal allowances

B trade-off allowances

C promotional allowances

D trade-in allowances

Review Detailed Answer

Correct Answer: promotional allowances

The overhead costs are also known as ___________?

A employees’ salaries

B labor wages

C fixed costs

D variable costs

Review Detailed Answer

Correct Answer: fixed costs

The floor of the product’s price is set with the help of __________?

A supply

B cost

C discount and allowance

D demand

Review Detailed Answer

Correct Answer: cost

The pricing technique in which the buyers place an order within 20 minutes after watching the paid ad on TV is classified as ___________?

A season pricing

B emergency pricing

C channel pricing

D time pricing

Review Detailed Answer

Correct Answer: time pricing

The price increasing technique in which customers are asked to pay today’s price as well as inflation increased before delivery of goods is classified as ___________?

A escalator clauses

B reduction of discounts

C unbundling

D delayed quotation pricing

Review Detailed Answer

Correct Answer: escalator clauses

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the fixed cost is $18000 and the variable cost is $16000 then the total cost is _________?

The form of countertrade in which seller receives some money and some goods for due payments is classified as _________?

The promotional pricing technique adopted by retailers and lowering selling prices of well-known brands is classified as ___________?

The pricing technique according to which the low price is charged for a quality offering is classified as ___________?

The price increasing technique in which companies with long lead times, do not set price until product is finished is classified as _____________?

The extra payment awarded for sales program and advertising is classified as ___________?

The overhead costs are also known as ___________?

The floor of the product’s price is set with the help of __________?

The pricing technique in which the buyers place an order within 20 minutes after watching the paid ad on TV is classified as ___________?

The price increasing technique in which customers are asked to pay today’s price as well as inflation increased before delivery of goods is classified as ___________?