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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

How many Standards on Auditing have been issued?
A 32
B 34
C 36
D 38
Correct Answer: 38
Which of the following is not type of engagement standard?
A Standards on Auditing
B Standard on Quality Control
C Standards on Review Engagement
D Standards on Assurance Engagement
Correct Answer: Standard on Quality Control
Pick the odd one:
A Checking the vouchers
B Preparation of vouchers
C Evaluation of internal control
D None of the above
Correct Answer: Preparation of vouchers
You have been proposed as auditor of a company. What is the first step that you should take?
A Obtain the client’s permission to communicate with the existing auditor
B Obtain the existing auditor’s working papers
C Obtain a copy of the company’s most recent board minutes
D Obtain a copy of the existing auditor’s letter of engagement
Correct Answer: Obtain the client’s permission to communicate with the existing auditor
Which one of the following may auditors NOT perform for their client?
A Taking management decisions
B Preparation of accounting records
C Preparing tax computations
D Advising on weaknesses in the internal control systems
Correct Answer: Taking management decisions
The strategies in which position of company on the best possible strategic advantage against competitors are classified as?
A premium marketing strategies
B corporate marketing strategies
C branding marketing strategies
D competitive marketing strategies
Correct Answer: competitive marketing strategies
Considering competitive positions, the firm who wants to hold market share in its industry without rocking boat is classified as?
A market challenger
B market leader
C market follower
D market niche
Correct Answer: market follower
According to four Ps of marketing, the inventory and logistics services are classified as?
A Place
B Product
C Price
D Promotion
Correct Answer: Place
The market segmentation based on customers seeking brands that deliver benefits is example of
A geographic segmentation
B income segmentation
C psychographic segmentation
D benefit segmentation
Correct Answer: benefit segmentation
In marketing channels, the conflict occurs at different levels of same marketing channel is classified as?
A vertical conflict
B horizontal conflict
C steep conflict
D slope conflict
Correct Answer: vertical conflict
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