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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

Collection of account receivable will
A Increase assets and decrease assets
B Increase assets and decrease liabilities
C Increase assets and increase capital
D Increase assets and increase cash
Correct Answer: Increase assets and decrease assets
If the minimum stock level and average stock level of raw material are 4,000 and 9,000 units respectively, find out its reorder quantity.
A 8,000 units
B 11,000 units
C 10,000 units
D 9,000 units
Correct Answer: 10,000 units
Net income equal to Revenues minus____________?
A Gains
B Depreciation
C Expenses
D Capital expenditures
Correct Answer: Expenses
Consider the following data pertaining to the production of a company for a particular month :
A 65,025
B 94,287
C 95,020
D 1,52,624
Correct Answer: 65,025
If the business’s owner withdraws cash for his/her personal use what will be the effect on capital?
A Increase in capital
B Remain the same
C Decrease in capital
D No effect on capital
Correct Answer: Decrease in capital
A company is currently operating at 80% capacity level. The production under normal capacity level is 1,50,000 units. The variable cost per unit is ` 14 and the total fixed costs are ` 8,00,000. If the company wants to earn a profit of ` 4,00,000, then the price of the product per unit should be
A 37.5
B 38.25
C 24
D 35
Correct Answer: 24
Capital of a business decreases if there is an increase in___________?
A Drawings
B Income
C Gains
D Fresh capital
Correct Answer: Drawings
If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.
A 0.65
B 0.35
C 1.5
D 5.29
Correct Answer: 0.65
Capital increases if _________ increases?
A Expenses
B Drawings
C Interest on capital
D Revenue
Correct Answer: Revenue
Budgeted sales for the next year is 5,00,000 units. Desired ending finished goods inventory is 1,50,000 units and equivalent units in ending W-I-P inventory is 60,000 units. The opening finished goods inventory for the next year is 80,000 units, with 50,000 equivalent units in beginning W-I-P inventory How many equivalent units should be produced?
A 5,80,000
B 5,50,000
C 5,00,000
D 5,75,000
Correct Answer: 5,80,000
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