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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.

Cash received for services rendered will______________?

A Increase cash and liability

B Increase equity and liability

C Increase fixed assets and cash

D Increase cash and equity

Review Detailed Answer

Correct Answer: Increase cash and equity

The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.

A Amortization

B Loan Payment

C Liability

D Securitization

Review Detailed Answer

Correct Answer: Amortization

Fresh capital introduction will increase____________?

A Assets and liabilities

B Assets and equity

C Liabilities and equity and bank balance

D Capital and liabilities

Review Detailed Answer

Correct Answer: Assets and equity

Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?

A 1,600

B 1,500

C 1,000

D 1,800

Review Detailed Answer

Correct Answer: 1,500

Which of the following accounting equation is correct?

A Cash+Other assets=Capital-Liabilities

B Capital+ Liabilities=Assets+Income

C Assets-Liabilities=Capital

D Assets+Capital=Liabilities

Review Detailed Answer

Correct Answer: Assets-Liabilities=Capital

A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?

A 18,387

B 18,560

C 18,750

D 19,000

Review Detailed Answer

Correct Answer: 18,387

Which of the following is the practical implementation of the accounting equation?

A Cash flow statement

B Income statement

C Statement of changes in equity

D Statement of financial position

Review Detailed Answer

Correct Answer: Statement of financial position

One of the most important tools in cost planning is__________?

A Direct cost

B Cost Sheet

C Budget

D Marginal Costing.

Review Detailed Answer

Correct Answer: Budget

Payment of expenses will ______ the assets

A Increase

B Reduce

C apportion

D Overstate

Review Detailed Answer

Correct Answer: Reduce

A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is

A 792

B 820

C 840

D 864

Review Detailed Answer

Correct Answer: 864

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

Cash received for services rendered will______________?

The process of paying off debt over time in regular installment of interest & principal sufficient to repay the loan in fully by its maturity date.

Fresh capital introduction will increase____________?

Find the cost of goods sold if goods are sold for 2,000 at 25% profit on cost?

Which of the following accounting equation is correct?

A Ltd. Has sales of 2,200, total fixed cost of 570, variable cost of 1,540, raw material consumed of ` 1,100, number of units sold 22,000. What shall be the BEP 9 in units) if raw material price is reduced by 2%?

Which of the following is the practical implementation of the accounting equation?

One of the most important tools in cost planning is__________?

Payment of expenses will ______ the assets

A worker has a time rate of 15/hr. He makes 720 units of component (standard time : 5 minutes/ unit) in a week of 48 hours. His total wages including Rowan bonus for the week is